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Message: bvg results - buckshot?

bvg results - buckshot?

posted on Sep 21, 2009 04:33PM

buck, if you still follow bvg do you have an opinion on these results?

Bravo Venture Group Inc. (TSX VENTURE:BVG - News; FRANKFURT:B6I - News) reports today that it has intersected significant gold mineralization in the Homestake Silver zone at its 100 percent owned Homestake Ridge Project located in NW British Columbia. The company said that drill hole HR09-137 intersected a 4.1 metre interval averaging 6.9g/t gold and 193.5g/t silver within a 11.6 metre interval averaging 2.8g/t gold and 80.0g/t silver. Assays for intervals above this intercept have not been received, and are expected to be received prior to the end of September. Two additional drill holes have been completed in the immediate area with assays pending, and drilling is continuing where the zone is open down dip and along strike.

Previous drilling results from the Homestake Silver zone identified significant silver values including 1.2 metres averaging 2.0g/t gold and 1672g/t silver within a 51.6 metre interval averaging 0.2g/t gold and 71.9g/t silver from HR08-98.

Results from hole 137 are significant as they have extended the known mineralization in this zone an additional 80 metres to the SE and have encountered significant gold mineralization for the first time in this area of the property. All intervals are reported as estimated true thickness.

To view Figure 1: Schematic long section of Homestake Silver zone, please click on the following link: http://media3.marketwire.com/docs/a0918BVG.jpg

Furthermore, Th/K ratios of radiometric data from Bravo's recently completed Airborne UTEM survey of the property suggest a zone of strong potassic alteration, which is spatially associated with these most recent drill results and which extends on strike an additional 800 metres to the southeast before plunging under sedimentary cover (see website www.bravoventuregroup.com).

Assays have been received from eight drill holes along the Main Homestake zone, after unusually warm weather resulted in unstable drill pads on ice and the loss of our first three holes of the season (HR09-121, HT09-122 and HR09-123) prior to them entering the targeted zone of mineralization.

Drill hole HR09-128 returned high-grade gold mineralization averaging 18.5g/t gold over 2.1 metres within a 27.2 metre interval averaging 3.4g/t gold. An additional 14 holes have been drilled along the northwestern projection of mineralization, with assays pending. An updated long section of the 2009 drill plan is available on Bravo's website at www.bravoventuregroup.com.

http://finance.yahoo.com/news/Bravo-Intersects-New-Gold-ccn-2067279864.html?x=0&.v=1

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