The Conversation (0)
Bravada Gold Corporation (CVE:BVA,FRA:BRT) reported encouraging assays from in-fill holes at Wind Mountain project, Nevada.
The press release is quoted as saying:
Hole WM11-063 is particularly encouraging, having intersected 54.9 metres from surface averaging 0.456g/t Au and 18.0g/t Ag (0.712g/t Au-eq @ 70Ag:1Au), with the uppermost 27.4m averaging 0.600 g/t Au and 21.0 g/t Ag (0.901g/t Au-eq).
Bravada has now drilled 50 holes for a total of 4108.5 metres, completing this phase of drilling. Metallurgical, geological, and archaeological studies will continue over the next few months. Assays for 13 additional holes are still pending. An updated resource and Preliminary Economic Assessment are expected to be completed during the first quarter of 2012.
Bravada’s President, Joe Kizis commented:
“We have completed the minimum drilling program necessary to accomplish our goals for this phase. Those goals were to discover additional shallow oxide mineralization, to test for extensions of mineralization adjacent to the open pit modelled during our previous PEA, and to test portions of the existing resource that were not given significant grades due to a lack of drilling. Our success in this program combined with increased precious metal prices indicates that we will see a significant increase in our resource and a much improved PEA.”
Click here to access the entire news release.
