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Bravada Gold Expands Claim Package at the SF Carlin-type Gold Project in Nevada

Mining News - Published on Fri, 14 Aug 2020

Image Source: Bravada Gold Corporation
Bravada Gold Corporation has purchased 37 mining claims adjacent to Bravada’s SF property, expanding the project to 103 claims, approximately 800 hectares. SF is a Carlin-type gold property located along the Battle Mountain-Eureka Gold trend, 6 kilometers east of Barrick’s Goldrush development-stage gold mine in the prolific Cortez district. The Company is acquiring 100% interest in the claims from a private company for 350,000 common shares and a retained 2% NSR, of which one half can be purchased for USD 1 million.

Bravada completed two proof-of-concept R.C. holes (878m total) in 2019 on the Company’s claims close to the boundary with the acquired claims. Bravada’s holes intersected anomalous gold and base-metals within the Horse Canyon and Wenban formations, which are repeated in the holes due to a sequence of stacked thrust sheets.

The two holes successfully verified favorable host rocks and structure, as well as a gold-bearing hydrothermal system. These geologic features are similar to those at Goldrush and extend onto the newly acquired claims based on surface mapping, alteration, geochemistry, and numerous, narrow gold intercepts of +0.1 ppm (Maximum 0.664 ppm Au) in hole HC04-1. The property acquisition includes an extensive database that will be combined with Bravada’s existing database to guide next-stage work at the expanded SF Project.

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Posted By : Yogender Pancholi on Fri, 14 Aug 2020
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