Bravo Venture Group reports more excellent drill results from Homestake Gold-Silver Project

Bravo Venture Group (TSX-V: BVG)(“Bravo”) may have completed hits 48 hole, 14,400 metre drill campaign at the Homestake Ridge Project, but excellent assay results are still trickling back from the labs.  Last night the junior exploration company, reported high grade gold intercepts in two step out drill holes. The two holes extended both the width and lateral dimensions of the mineralization at the Homestake Silver Deposit, which is located just 700 metres south-east of the Main Homestake deposit.

Drilling highlights included multiple high grade gold intercepts in HR09-165, including (estimated true thickness) 24.4 metres @ 12.1 grams per tonne (g/t) gold (Au) and 6.8 g/t silver (Ag), including a bonanza grade 2.4 metres @ 87 g/t Au and 22.1 g/t Ag.  The same hold also intercepted an additional 14.5 metre interval @ 4.8 g/t Au and 2.1 g/t Ag, which included a higher grade 2.5 metres @ 10.4 g/t Au and 3.3 g/t Ag. A third intercept was also recorded; 2.7 metres @ 10 g/t Au and 134.3 g/t Ag. Drill hole HR09-163 also cut through noteworthy gold-silver mineralization, intersecting 3.5 metres @ 2.9 g/t Au and 155.7 g/t Ag, which was with a much larger interval of 40.4 metres averaging 0.3 g/t Au and 49.8 g/t Ag.

“Thick intervals of high-grade gold mineralization in drill holes HR09-164 and HR09-165 have significantly increased both the thickness and lateral extent of this gold-enriched portion of the Homestake Silver zone,” Bravo stated. “Both holes are significant step outs of at least 100 metres from prior mineralized intercepts and are entirely open along strike to the northwest and at depth. Drilling at the Homestake Silver deposit from 2007 to 2009 has identified high-grade silver and gold mineralization, sometimes in multiple horizons, over +500 metres of strike and 400 metres of dip. Mineralization remains open down-dip along this full strike-length. “

Bravo additionally reported that mineralization intersected in drill hole HR09-164, which had been previously reported, had been expanded to 33.2 metres averaging 1.5g/t gold and 5.1g/t silver, which included a 3.6 metre interval averaging 7.9g/t gold and 37.5g/t silver.

Shares in Bravo jumped nearly 9% on the news.  http://www.proactiveinvestors.com/companies/news/3500/bravo-venture-group-reports-more-excellent-drill-results-from-homestake-gold-silver-project-3500.html