Bravo Appoints Ken Thorsen as a Director
posted on
Mar 19, 2009 06:31AM
In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.
Bravo Appoints Ken Thorsen as a Director
March 18, 2009 12:50 PM EDT
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2009) - Bravo Venture Group Inc. (TSX VENTURE: BVG)(FRANKFURT: B6I) today announced the appointment of veteran mining executive Ken Thorsen, BSc, P.Eng, to the company's Board of Directors. Mr. Thorsen has had an extensive history in the mining business since 1962 during which he was involved with the discovery and development of six orebodies.
Most recently he held several senior positions with Teck Exploration Ltd. and Teck Corporation as Vice President of Teck Exploration Ltd. and General Manager of Teck Exploration worldwide. Subsequent to his retirement as President of Teck Exploration Ltd. in 2001 he serves as a Director of a number of public mining exploration companies.
Bravo chairman Lawrence Page noted that Mr. Thorsen will serve as an independent director and said that the company was fortunate to attract to its Board an individual with extensive exploration and mine development expertise to the Board. "His experience, industry knowledge and guidance will be particularly helpful as Bravo continues with the development of the Homestake Ridge gold and silver project in northwestern British Columbia, where the 2009 exploration project will further delineate and expand the precious metal resource identified in exploration to date," Page said.
The company also announced that it has granted Director and Consultant options, under the company's Stock Option Plan, to purchase 200,000 common shares of Bravo at a price of $0.35 per share for a period of five years.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. has a mandate to identify, explore and develop potential world class mining projects within North America with a primary focus on precious metals.
In northwest British Columbia, Bravo is advancing its 100% owned Homestake Ridge project. Since 2002 and a cumulative expenditure of $12.5 million in 120 diamond drill holes, Bravo has developed an inferred resource of 900,000 oz/gold and 5.7 million oz/silver. The deposit is open along strike and to depth. A three-rig, 7,500 - 8,000 metre program of some 45 holes is planned for 2009.
In SE Alaska, Bravo is exploring a mineral laden island just offshore from the town of Petersburg. Woewodski Island, 7km x 11km, is a VMS gold/silver/copper project that will be tested further in June/July of 2009.
In Nevada, Bravo is a significant land holder in the prolific Battle-Mountain/Eureka trend with 13 projects encompassing 41 square miles. One project is joint-ventured to Barrick and other possible J/V's are being negotiated.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
We seek safe harbor.