- Bravada Gold (BVA) is preparing to move a drill rig to its Wind Mountain Project in northwestern Nevada, USA, ahead of its planned exploration work
- The company intends to complete three to four reverse circulation drill holes, each to a depth of between 360 and 580 metres
- This work will test a deeper source area for bold and silver-bearing fluids known as the Feeder target
- The region hosted an open-pit gold and silver deposit that was previously mined by Amax Resources
- Bravada Gold is currently steady at C$0.14 per share
Bravada Gold (BVA) is preparing to move a drill rig to its Wind Mountain Project in Nevada, ahead of its planned exploration work.
Located approximately 160 kilometres northeast of Reno, the wholly owned project was the subject of a Preliminary Economic Evaluation commissioned by Bravada in 2012. The report outlined an indicated resource of 570,000 ounces of gold and 14.7 million ounces of silver, as well as an inferred resource of 354,000 ounces of gold and 10.1 million ounces of silver.
Following the U.S. Thanksgiving holiday, Bravada intends to complete three to four reverse circulation drill holes, each to a depth of between 360 and 580 metres. This work will test a deep source area for gold and silver-bearing hydrothermal fluids known as the Feeder target.
The region was previously mined by Amax Gold, after which the remaining resource was defined by Bravada. These results, in addition to various geological mapping, geochemical sampling and magnetic geophysics data, helped to establish the Feeder target as a promising zone.
More broadly, gold and silver mineralisation across the Wind Mountain Project is exposed over a strike length of more than 6 kilometres, suggesting a robust gold system that extends laterally over a large area.
Separately, Bravada noted in today’s release that it is still waiting to receive assays from a diamond drill program completed at its Highland Project. Labs have been put under increased pressure due to the COVID-19 pandemic and delayed drill programs that are currently underway; nevertheless, the assays are anticipated to be received in December.
Bravada Gold is currently steady at C$0.14 per share at 3:48pm EST.