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Bravada Receives Drill Permit Approval for Highland and Encouraging Soil Results at Gabel Projects in Nevada
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2023) - Bravada Gold Corporation (TSXV: ...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada Receives Drill Permit Approval for Highland and Encouraging Soil Results at Gabel Projects in NevadaVancouver, British Columbia--(Newsfile Corp. - July 31, 2023) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (\"Bravada\" or the \"Company\") announced today that it has received approval, subject to posting the required bond, for a Notice-level drilling permit from the Bureau of Land Management for sixteen drill sites on Bravada's Highland Project. The project is within the prolific Walker Lane Gold belt, where large gold/silver deposits continue to be discovered, increasingly beneath \"barren\" surface alteration. The Company also reports on encouraging geochemical results from soil samples recently collected over the gravel-covered portion of the Gabel Project, a Carlin-type gold property within the Battle Mountain/Eureka Gold belt. Both projects are in Nevada.Highland ProjectThe Company plans to drill approximately 2,600 metres in 15 holes at the Highland low-sulfidation-type project during the fall of 2023, subject to rig availability. The property consists of 192 Federal lode claims (~1,500 hectares). Previous drilling by Bravada intersected vein zones with high-grade intercepts, confirming the potentially productive nature of a hydrothermal gold system. The Company's best hole, H02013, intersected 1.5m of 66.9g/t gold and 397.7g/t silver within a 12.2m intercept of 9.5g/t gold and 109.4g/t silver (previously announced, true thicknesses estimated at 65% of the intervals). Highland is a large property with multiple \"hot spots\" of high-grade gold at surface, although variable thicknesses of gravel cover much of the property and several targets have been identified that have not been previously tested with drilling. The permitted drill sites are for two of those targets, Big Hammer and Geyser.Widespread samples of float, outcrop, and soils collected at the Big Hammer target contain anomalous gold and pathfinder geochemistry, with values of 0.1g/t to 1.0/g/t Au and with a maximum of 15g/t Au in a float sample. These values are interpreted to be leakage very close to the paleo-surface based on geologic features; thus, with minimal erosion, undiscovered high-grade vein deposits should be preserved in their entirety.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.co...