Bravo Venture Group Inc.
TSX VENTURE : BVG
FRANKFURT : B6I

Bravo Venture Group Inc.

January 11, 2006 12:51 ET

Bravo Venture Group Inc.: Drilling Resumes at South Lone Mountain Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2006) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FWB:B6I) reports that drilling has resumed today with one mud-rotary rig at the Bravo/Placer Dome US South Lone Mountain project, located along Nevada's Battle Mountain/Eureka trend, after being suspended for an extended Christmas break. A total 2,070 meters of the planned +3,000 meter drill program was completed prior to the break, mostly at peripheral shallow targets on the northwestern pediment of Lone Mountain.

To date at the main target, only one of two holes has successfully intersected the targeted Roberts Mountains formation; a second hole was lost in gravel. The hole is located approximately 168 meters east of the oil well with gold at the alluvium/bedrock contact and had reached 615 metres toward a target depth of approximately 700 metres when it was stopped for the holiday break. Gold values for the Roberts Mountains formation have been received; however, pathfinder elements are still pending. Gold is weakly anomalous, up to 31 ppb, indicating that the source of the gold in the oil well is not to the east. This interpretation is consistent with a lack of mineralized clasts at the alluvial/bedrock contact in the current hole. After completion of the hole, which is necessary for stratigraphic and structural information, plans are to move the rig to a site located 15 meters to the northwest of the oil well.

The company also reported that 2,182,494 share purchase warrants that expired on January 6th, 2006 were exercised, yielding $327,374 to the treasury. In addition, 2,396,500 of 4,123,000 warrants expiring March 30/06 have been exercised to date yielding further gross proceeds of $578,300.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

We seek safe harbor.


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.

Contact Information