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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (66521)	7/30/2009 12:38:09 AM
From: Rocket Red	Read Replies (1) of 78410

Bravo Venture Group Inc. plans to defer completion of an updated resource estimate for its Homestake Ridge project in northwest British Columbia until the completion of the 2009 exploration season. The company said that refinement of the 3-D geologic computer model has identified probable feeder structures and faults that appear to control the higher-grade gold and silver mineralization encountered late in the 2008 season (see Stockwatch news dated Oct. 2, 2008. HR08-87 includes a 73-metre downhole intercept averaging 20.99 grams per tonne gold. The extensive intercept includes a downhole 7.65-metre bonanza intercept averaging 181.58 g/t Au) and these features require additional drilling to evaluate their significance, continuity and ultimate extensions. Subsequent to receipt of assay results from hole 87, the company and its consultants continued to develop the existing resource model, a process that will continue throughout the 2009 exploration program. Bravo said it is planning a 7,500-metre to 8,000-metre 2009 drill program that will focus on possible expansion of the high-grade gold zone and also to test an as yet undrilled 600-metre gap between an overlying hangingwall silver-rich horizon at the Homestake main deposit and the Homestake silver target, where, to date, only five holes have been drilled. Until additional drill information respecting the extent of the overall mineralization related to these critical geological features is determined from 2009 results, the company believes it to be premature, at this stage, to update the resource estimate on only a portion of the gold and silver zones defined to date

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