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Bravada Expands Claim Package at the SF Carlin-Type Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) -   Bravada Gold Corporat...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada Expands Claim Package at the SF Carlin-Type Gold Project, NevadaVancouver, British Columbia--(Newsfile Corp. - August 11, 2020) -  Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the \"Company\" or \"Bravada\") has purchased, subject to TSXV Exchange approval, 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 (1% NSR) can be purchased for US$1million.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 (see Figure 1), 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.President Joe Kizis commented, \"SF is in one of the most exciting gold-discovery regions in Nevada, as demonstrated by exceptional results at Goldrush and its apparent northerly extension, Red Hill. Bravada believes that SF is in a similar geological setting to Barrick's impressively large and rich gold deposits. We believe follow-up work is justified at SF, and the expanded claim position provides us with more flexibility in tracing the \"smoke\" that we intersected in our 2019 drill holes.\"Figure 1: SF Interpreted Cross Section Geology.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5343/61491_0ea7f808b40fa966_001full.jpgIn other project news, Bravada expects dr...