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New Zone of Shallow Gold Mineralization Intersected at Bravada's Baxter Gold Property, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2016) - Bravada Gold Corporation (the "Company" or "Bravada") (TSX VENTURE:BVA)(FRANKFURT:BRT) has received
About this update from Bravada Gold Corporation
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2016) - Bravada Gold Corporation (the \"Company\" or \"Bravada\") (TSX VENTURE:BVA)(FRANKFURT:BRT) has received assays for recent drilling at the Company's Baxter Low-sulfidation gold property in the Walker Lane Gold trend in Nevada. Kinross Gold U.S.A., Inc., a wholly owned subsidiary of Kinross Gold Corporation (\"Kinross\") completed 16 reverse-circulation drill holes for a total of 4,439 meters at the Baxter property (see Table I for locations and orientations of holes). A new zone of gold mineralization was discovered at the Sinter target, one of several target areas partially tested during the recent drilling program. Hole BAX16-13 intersected 6.1m averaging 2.199 grams gold per ton (g/t gold) beginning at 32m depth within a thicker interval of 32.0m averaging 0.880g/t gold. Hole BAX16-14 is collared approximately 180m to the north of BAX16-13 and intersected 10.6m interval of 1.023g/t gold beginning at 54.9m. Other holes in the target area intersected lower grades of gold mineralization at approximately the same horizon and geophysical data suggests mineralization may be controlled by an easterly trending fault (see attached figures). Although delineated by only a few holes to date, the mineralization appears to be relatively flat-lying and open along strike. True thicknesses are estimated to be 65-100% of the reported drill intercepts. Table II lists significant intervals of +0.2g/t Au, although holes in other targets contain narrow intercepts of up to several hundred ppb gold as well. Silver and base metal concentrations are generally very low. Encouraged by these results, Kinross has initiated permitting for +2,000m of additional reverse-circulation drilling in 10 to 12 shallow holes to test lateral extensions of the shallow mineralization and potentially to provide vectors to high-grade upwelling zones, so called \"feeders\", which should underlie the high-level, disseminated mineralization. Drilling is expected to begin during July. In addition to encouragement at the Sinter target, drill hole BAX16-16 provided an initial test of the Rhyolite Peak target, a new and previously undrilled target area with favorable geology and anomalously high concentrations of gold in soil samples. The hole returned a shallow intercept of 1.312g/t gold over 1.5m beginning at 1.5m dep...