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Bravada Files Technical Report for the Wind Mountain Au/Ag Project, Nevada, Including Phase I PEA Results of 38% IRR and US$46.1 Million After-Tax NPV@5%
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Bravada Gold Corporation (TS...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada Files Technical Report for the Wind Mountain Au/Ag Project, Nevada, Including Phase I PEA Results of 38% IRR and US$46.1 Million After-Tax NPV@5%Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (the \"Company\" or \"Bravada\") reports today that it has filed a technical report (the \"Report\") prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 (\"NI 43-101\"). The Report may be found under the Company's profile at www.sedar.com and on Bravada's website https://bravadagold.com. The Report dated January 20, 2023 and entitled \"Updated Technical Report and Preliminary Economic Assessment, Wind Mountain Gold-Silver Project\", located in Washoe County, Nevada, was prepared by RESPEC Company LLC (\"RESPEC\", formerly Mine Development Associates), Woods Process Services, and Debra Struhsacker, Bravada's Environmental Permitting and Government Relations Consultant.Economics have improved significantly compared to the Company's 2012 study due to utilizing a near-mine, heap-leach pad site for a portion of the Pit-constrained resource and higher grades for early mining, which were predicted and then verified by drilling during 2021. To add additional mine life, a Phase II pad site has been identified due north of the Phase I site but was not considered during the current PEA. Although Pad II is somewhat farther from the currently identified Pit-constrained resource, it is located very close to outcropping mineralization at the North Hill target area, which has only been tested with minor drilling. Other potential additions to mine life that the Phase I PEA did not consider include mineralization at the South End target and historic \"waste rock piles\" where the Company has identified potentially recoverable gold and silver.There are no material differences in the Mineral Resource or the Phase I PEA results contained in the Report from those disclosed in the December 8, 2022 news release, except that the Revenue portion of the Sensitivity Table has been corrected in the table below.Total Pit-constrained ResourceAfter verifying and slightly modifying the Wind Mountain 2012 Global Resource based on subsequent drilling, which was confirmed to within <1%, a total Pit-constrained Resource was calculated by RESPEC ...