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Bravada/OceanaGold Announce 2019 Work Program for the Highland Gold/Silver Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2019) - Bravada Gold Corporation ...
About this update from Bravada Gold Corporation
[{"type":"text","content":"Bravada/OceanaGold Announce 2019 Work Program for the Highland Gold/Silver Project in NevadaVancouver, British Columbia--(Newsfile Corp. - April 10, 2019) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (\"Bravada\") announces that the Highland Project Technical Committee composed of Bravada and Option/Joint Venture partner OceanaGold U.S. Holdings Inc. (\"OceanaGold\"), a wholly owned subsidiary of OceanaGold Corp. have approved a +US$400,000 exploration program for 2019.Planned work includes additional geological mapping, approximately 35-line-kilometers of detailed geophysics, 35-line-kilometers of soil sampling for assay and XRF study, and permitting for a 2020 drilling campaign. The project has been increased in size by 60% through staking additional claims and now consists of 163 claims (approximately 1,300 hectares/3,200 acres).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 in Nevada's Walker Lane Gold trend.President Joe Kizis commented, \"Highland has characteristics of the world's great Low-sulfidation gold deposits. The extent of alteration and veining is very large, and surface sampling and limited drilling have demonstrated that this large system is capable of hosting high grades of gold and silver. Extensive areas of sinter demonstrate that the gold zone has not yet been eroded and should be preserved in its entirety at depth.We believe the careful, systematic approach laid out in the work program will result in great success with the drill, as has been demonstrated by OceanaGold elsewhere in the world for similar deposits. Low-sulfidation deposits worldwide are among the most attractive, highest-margin gold/silver deposits, with many exploited by small-footprint, underground mining and relatively benign milling operations. An important characteristic of low-sulfidation deposits is that they typically occur as clusters of similar-grade deposits, many of which may be blind at surface. Discovery rates tend to be high in such districts long after mining has begun. Highland's location in an established mining region in Nevada reduces risks associated with land tenure, logistics, and capital and operation costs when compared to many regions of the world.\"About Hi...