Bravo Venture Group Inc.
TSX VENTURE : BVG

Bravo Venture Group Inc.

November 08, 2005 09:00 ET

Placer to Drill Bravo's South Lone Mountain

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that the company and partner Placer Dome U.S. Inc. ("Placer Dome"), a wholly-owned subsidiary of Placer Dome, Inc., have completed targeting at the South Lone Mountain project. Drilling is anticipated to begin in mid November, after receipt of final drill permits. Thirty-two drill sites are being permitted on the property, which consists of 1,533 claims (approximately 12,000 hectares or 45 square miles) located in Nevada's prolific Battle Mountain-Eureka Gold Trend.

Bravo said the companies consider the project a district-scale pediment play with many similarities to the 38-million-ounce Cortez district, located along the same trend. Particularly noteworthy is the presence of a well-preserved section of Lower Plate carbonates containing gold, as indicated by the previously reported interval of 15.2 metres (50 ft.) containing 2.36 g/t gold (see news release dated February 15, 2005) at the gravel contact with the highly productive Roberts Mountains formation. No other holes have tested this mineralization to date.

An initial US$500,000 drill program of four to six holes (up to 750-meters deep) is planned, for a total of approximately 3,000 meters. Targets include deep high-grade, underground-mineable mineralization near the oil well and shallow oxide mineralization on the northwest margin of Lone Mountain.

Recently completed targeting consisted of detailed mapping and sampling along the northwestern exposures of Lone Mountain, detailed gravity and seismic geophysics in gravel-covered areas, and gas and soil geochemistry over the entire property. A large hydrothermal system, encompassing more than 38 square kilometers (15 square miles), is indicated by the data and has led to Placer Dome ranking the highly prospective property as one of its highest priority exploration targets in the Cortez trend. The property represents an area of untested Lower Plate with gold in the right host lithologies.

A map showing the 32 sites being permitted is posted on BVG's website www.bravoventuregroup.com. Not all sites will be drilled during the initial program.

Placer Dome also has notified Bravo of a decision to drop Bravo's South Gold Bar and Three Bar properties in order to focus on Bravo's South Lone Mountain and Pete Hanson properties. The two relinquished projects encompass 176 claims, or approximately five square miles. The retained Pete Hanson project comprises 168 claims, or approximately five square miles and is advancing to a 2006 drill testing program utilizing many of the same techniques used at South Lone Mountain. Bravo reported it plans to seek partners to drill-test targets now identified on both the South Gold Bar and Three Bar projects.

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