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Bravada Reports Phase I Drill Results for the SF Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - Bravada Gold Corporation (...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada Reports Phase I Drill Results for the SF Project, NevadaVancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - Bravada Gold Corporation (TSXV: BVA) (the \"Company\" or \"Bravada\") reports that it has received all assays from a recently completed Phase I, two-hole (878m total), reverse-circulation drilling program at the Company's SF property, located ~6km east of Barrick's Goldrush development-stage gold mine in the prolific Cortez district. These are the first holes to be drilled on the SF property and targeted mineralized Wenban Formation rocks beneath a broad, poorly exposed \"hanging wall\" anticline in the Horse Canyon Formation where the Company had previously collected widely scattered rock-chip float samples that contain anomalous gold (50 to +100ppb Au) and arsenic (+100ppm As).Drilling successfully intersected anomalous gold and base-metal mineralization within alternating Horse Canyon and Wenban stratigraphy (see Figure 1), which are repeated along a sequence of stacked thrust sheets. The Wenban Formation is well exposed west of the drill holes, is the main host rock at Goldrush and other nearby deposits, and is the conceptual target stratigraphy of current exploration on the property.The two holes successfully verified the geologic setting of the target and the presence of anomalous gold and base metals. The next phase of work will consist of geophysical testing to refine targeting for the next phase of drilling.Figure 1. SF Interpreted Cross Section Geology.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5343/46939_4aef97fa748399c8_001full.jpgThree thrust sheets were penetrated by the two holes, repeating the transition from Horse Canyon formation to Wenban formation in each. Long intervals of anomalous gold (10 to 100ppb, with rare spikes of +100ppb) and widespread anomalous base metals (100 to 439ppm Cu, 200 to 2,738ppm Zn, and less strong anomalies in lead and molybdenum) suggest proximity to an intrusion-related gold/base-metal system. A high correlation between gold and copper suggests the most significant gold deposition should lie outboard (away from) the causative intrusion, which has not been found at surface on the property. Numerous intrusions are exposed at surface in the larger region with ages ranging from Jurassic to Miocene, and planned ...