Two important zones of mineralization have been identified in drilling at South Reef, a shallow copper-rich sulfide zone and a deeper gold-rich zone at the South Reef deposit on Homestake Ridge project of Bravo Gold Corp. (TSXV:BVG,FWB:B6I). Three holes have now tested the gold-rich zone, with all three intersecting +30g/t gold mineralization. A fourth hole only tested the shallow, copper-rich sulfide zone.
As quoted in the press release:
Assays from core hole HR11-235 tested the gold-rich zone deeper than previously reported hole HR11-234 and approximately 70 metres along strike to the northwest from previously reported hole HR11-234 (see NR-14-11, dated December 21, 2011). HR11-235 intersected several intervals of gold mineralization including:
- a 1.5 metre interval averaging 41.3g/t gold and 14.6g/t silver within a 2.5 metre interval averaging 25.2g/t gold and 9.6g/t silver from 289.5 – 292.0 metres down hole;
- a 0.8 metre interval of 46.5g/t gold and 12.3g/t silver from 259.6 – 260.4 metres down hole; and
- a 3.7 metre interval of copper-enriched massive sulphide mineralization averaging 2.4g/t gold, 13.0g/t silver and 0.7% copper from 52.6 – 56.25 metres down hole.
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