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Bravada to Conduct 2020 Work Program at the Highland Gold/Silver Project in Nevada with Funding by OceanaGold
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Bravada Gold Corporation ...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada to Conduct 2020 Work Program at the Highland Gold/Silver Project in Nevada with Funding by OceanaGoldVancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Bravada Gold Corporation (TSXV: BVA) (\"Bravada\") announces the Highland Project Technical Committee, composed of Bravada and Option/Joint Venture partner OceanaGold US Holdings Inc. (\"OceanaGold\"), a wholly owned subsidiary of OceanaGold Corp., has approved a 2020 Phase 1 US$250,000 exploration program, with Bravada conducting the program to be funded by OceanaGold.Bravada and previous partners in earlier exploration programs intersected high-grade gold and silver in drill holes on the western portion of Highland; however, the majority of the property remains untested due to extensive shallow gravel cover and the high level of exposure of the mineral system (minimal erosion) as indicated by the presence of extensive sinter on the eastern portion of the property. OceanaGold's 2019 work program focused on the eastern portion of the property and included approximately 35-line-kilometers of CSAMT geophysics, 35-line-kilometers of soil sampling, staking additional claims (increasing the property by 60%), and initiating geological mapping (incomplete due to early snow conditions). Combining OceanaGold's 2019 work with pre-Bravada shallow drilling and Bravada's previous mapping and sampling in the area has resulted in the identification of several attractive target areas.One target area is currently proposed for initial drill testing during 2020, which will be refined by detailed surface mapping this spring prior to permitting. In addition, several areas have been identified for target development by detailed sinter-facies/alteration mapping, geochemical zoning, and clay-mineral zoning prior to planned drill testing in late 2020 or 2021.As previously announced (see news release NR-09-18 dated December 20, 2018), OceanaGold may earn up to a 75 percent interest in Bravada's low-sulfidation Highland gold/silver Project, located in Nevada's Walker Lane Gold trend.President Joe Kizis commented, \"Many low-sulfidation deposits have developed into some of the world's best mines due to their high grades of gold/silver and relatively benign environmental impact. While sinter may have been deposited at the paleosurface when low-sulfidation deposits formed, high-grade ...