Bravo Venture Group Inc.
TSX VENTURE : BVG

Bravo Venture Group Inc.

July 25, 2005 09:00 ET

Placer Dome U.S. Inc. Advances Bravo's South Lone Mountain Toward J/V Status

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 25, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that Placer Dome U.S. Inc. (Placer Dome) has formally notified Bravo that it has exceeded minimum expenditures of US$200,000 at the company's South Lone Mountain project in Nevada's Battle Mountain/Eureka trend and has exercised its right to make the property a "Selected Project", as per the exploration agreement. Upon completing expenditures of US$1.0 million, Placer Dome has the right to enter into a formal Joint Venture agreement with a 51 percent interest in the project. In October, 2004, Bravo and Placer Dome entered into an exploration and development agreement on three Bravo projects in the Battle Mountain-Eureka Trend. Discovery in late January of gold-bearing Roberts Mountains Formation (from oil well cuttings drilled in 1989) led to staking of some 45 square miles surrounding the original SOLM claim block.

Bravo said the South Lone Mountain project has progressed to the drill permitting stage with up to 20 locations on four deep targets and five shallower targets now identified within approximately 25 square miles of the 45 square mile project area. Additional targets are expected to be developed on completion of geophysical programs currently underway. Recent mapping and sampling has identified exposures of decalcified favorable host rocks approximately three miles from the oil well, where samples of float contain as much as +100 ppb gold, +1000 ppm arsenic, and +100 ppm antimony. No evidence of previous drilling was found in this region of shallow gravel cover.

Work-in-progress on the initial three properties includes advanced seismic, gravity, and magnetic interpretation as well as continuing geological/geochemistry assessment as drill targets are refined preparatory to the start of an anticipated extensive drill program. Bravo said the 113 claim 3 Bar prospect, located 4.5 km NNW of the Gold Bar mine, also has advanced to the drill permit stage with drill testing scheduled before the end of 2005. Two holes are currently planned.

In June of 2005, Placer Dome entered into an exploration agreement on a fourth Bravo project, the 139 claim Pete Hanson prospect, which is located approximately two kilometers east of the Tonkin Springs deposit (0.65 MM ozs Au). Recently Placer Dome staked 29 new claims adjacent to existing Bravo claims and added them to the agreement, bringing the total to 168 claims. A work program of geological, geochemical, and geophysical surveys has been initiated, with selection of drill targets planned upon completion.

Joseph Kizis Jr. (P.Geo.), is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph Kizis Jr., Director, President

Bravo Venture Group Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.


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