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Bravada Begins Deep Drilling at Wind Mountain Au-Ag Property in Nevada
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2017) - Bravada Gold Corporation ...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada Begins Deep Drilling at Wind Mountain Au-Ag Property in NevadaVancouver, British Columbia--(Newsfile Corp. - December 6, 2017) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (the \"Company\" or \"Bravada\") announces that drilling is underway at the Company's 100% owned low-sulfidation Wind Mountain project, a past-producing gold/silver property in northwestern Nevada. Two reverse-circulation holes are planned, one approximately 450m deep and the other approximately 750m deep. The holes are designed to be proof-of-concept holes and additional holes may be added depending on drilling costs and results. The holes will test two fault intersections, approximately 1,500m apart, that geological evidence indicates were upwelling (also called \"feeder\") zones for the mineralization previously mined and the substantial remaining shallow gold/silver resource that the Company has delineated (see resource summary below). In addition to testing the fault intersections, both holes will intersect the unconformity between Mesozoic metasediments & Tertiary volcanic rocks. The contrast in physical properties of these rocks at the unconformity may have resulted in especially high grades of gold and silver being deposited, as has been found at many such deposits including the Hishikari deposit in Japan and several low-sulfidation deposits in Nevada.About Wind MountainThe Wind Mountain Property is in northwestern Nevada approximately 160km northeast of Reno in a sparsely populated region with excellent logistics, including county-maintained road access and a power line to the property. It is an historic past-producing, bulk-tonnage gold-silver mine. An independent resource estimate and Preliminary Economic Evaluation for Wind Mountain commissioned by Bravada in 2012 reported:570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and 354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category. See the table below and news release NR-06-12 dated April 11, 2012 for details of the resource update. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves. There is no as...