Bravo Gold Corp.

Bravo Gold Corp.

June 17, 2010 11:33 ET

Bravo Starts 2010 Exploration Program at Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Bravo Gold Corp. (TSX VENTURE:BVG)(FRANKFURT:B6I) announced today that crews have mobilized to the Alice Arm camp in preparation for the start of the 2010 exploration program at the Homestake Ridge project, located 32km southeast of Stewart in northwestern British Columbia. Drilling is anticipated to start on June 18th.

Bravo plans a +$6 million, +12,000 metre two-drill program that will focus on expanding the resource in the Homestake Silver deposit, exploring the region between the Main Homestake and the Homestake Silver deposits, and conducting initial drilling on six geophysical exploration targets identified in the 630-line km airborne geophysical program conducted last season. Coast Mountain Geological Ltd. has been retained to manage field and drill operation for the project.

Bravo will mobilize one rig to test lateral and down-dip extensions of the Homestake Silver deposit initially offsetting hole HR09-165, which returned two thick mineralized intervals: a shallower interval of 14.5 metres (est. true thickness) averaging 4.8g/t gold and 2.1g/t silver and a deeper interval of 24.4 metres averaging 12.1g/t gold and 6.8g/t silver.

The company will mobilize a second drill that will test multiple geochemical and geophysical exploration targets throughout the property. This rig will start with three drill holes on the East Valley target, located approximately 1000 metres due east of the Main Homestake deposit, where surface mapping has identified detrital iron-sulphides in hangingwall sediments and where surface sampling has returned anomalous precious and pathfinder (As-Sb) metals.

About Bravo
Bravo Gold Corp. has a 100 percent interest in the Homestake Ridge project located in a prolific mineral belt in northwestern British Columbia. The project is being advanced as a potential high-grade underground mining operation with a current NI43-101 compliant indicated resource, at a 3.0 g/t AuEq. cut-off, of 191,000 ozs gold and 1,350,000 ozs silver plus an inferred resource of 348,000 ozs gold and 7,990,0000 ozs silver (1). Two deposits have been indentified to date and multiple exploration targets remain to be tested on the large, 2761ha property. Bravo also holds a 44 percent interest in Bravada Gold Corp, which is exploring 13 projects in the Battle Mountain-Eureka Gold trend in Nevada.

Robert Macdonald (P.Geo) is the Qualified Person as defined by National Instrument 43-101 for the Homestake Ridge project and has reviewed and approved the technical contents of this release.

On behalf of the Board of Directors
"Joseph A. Kizis, Jr."

Joseph A. Kizis Jr., Director, President, Bravo Gold Corp.

  1. The current estimate, as reported in NR-07-10, was prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) and carried out using a block model constrained by 3D wireframes of the mineralized zones. The block model comprised an array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, Cu, Pb, and Zn interpolated using Inverse Distance to the Third Power (ID3) weighting. At a 3.0g/t AuEq. cut-off, the model identified an indicated resource of 888,000 tonnes averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and an inferred resource of 2,340,000 tonnes averaging 4.6g/t Au, 105.5g/t Ag and 0.13% Cu.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.

Contact Information

  • Bravo Gold Corp.
    Liana Shahinian
    1-888-456-1112 or 604-641-2773