inShare Pdf Bravo Gold rallies 20% on channel sample results from Kinskuch property

Bravo Gold (CVE:BVG) Monday reported results from surface channel samples taken from the Kinskuch property, a 59,600 hectare claim package located adjacent to and south of the company's Homestake Ridge project in northwestern British Columbia.
Monday afternoon, shares of the North America-focused explorer rose 20 percent to $0.06.
Among the highlights of the sampling include a 2.2 metre interval averaging 530 grams per tonne (g/t) silver, 5.5 percent lead and 4.2 percent zinc (807 g/t silver equivalent), including 0.55 metres of 1503 g/t silver, 16.9 percent lead and 8.8 percent zinc (2,235 g/t silver equivalent) from trench KNTR-015.
The company said it also encountered a 1.1 metre interval at trench KNTR-018, averaging 285 g/t silver, 4.3 percent lead and 3.1 percent zinc (512 g/t silver equivalent).
And at trench KNTR-004, the company returned 1.9 metres averaging 373 g/t silver, 7.8 percent lead and 5.2 percent zinc (743 g/t silver equivalent), including a 0.6 metre interval averaging 898 g/t silver, 16.0 percent lead and 10.4 percent zinc (1,648 g/t silver equivalent).
Bravo Gold said the saw-cut channel samples were collected from surface exposures and hand-dug trenches covering a 2.5 kilometre strike-length of the Illiance River trend.
The sampling focused on a strongly altered, north-south-trending zone of silver and base-metal occurrences, hosted by the same volcanic stratigraphy that is an important host at the Homestake Ridge project, the company added.
The trend extends for over five kilometres on the eastern side of the Kinskuch property, and is open to the north and south.
The channel sampling is consistent with high-grade values from historic sampling throughout the trend, and surface chip sampling from earlier this year, the company said.
Bravo Gold said that this phase of surface exploration confirms the presence of a precious-metal enriched mineralizing system over a 2.5 kilometre strike-length within the same stratigraphic section as the Homestake Ridge deposits, and which has been only minimally explored.
Analyses from four core holes, totaling 856 metres, drilled toward the end of the 2011 exploration season are expected in January 2012.
Only three of the six known mineral occurrences were drill tested with shallow holes, leaving a significant strike-length of the trend remaining for future exploration.
Numerous other targets remain to be investigated throughout the Kinskuch project and will be the subject of an aggressive exploration program in 2012, Bravo Gold said.