Bravo Expands Drilling Program at Homestake Ridge
Tue Oct 7, 3:29 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2008) - Bravo Venture Group Inc. (TSX VENTURE: BVG.V)(FRANKFURT:B6I) reported today that it is expanding the current drilling program at the Homestake Ridge Project to include two additional drill holes which are designed to offset mineralization in drill hole HR08-87 which returned a 73 metre down-hole intercept (approximate 52 metre true width) averaging 20.99 g/t Au and included a down-hole 7.65 metre bonanza intercept averaging 181.58 g/t Au.
The company stated that the two additional drill holes will test 25 metre lateral and vertical offsets of the mineralization in hole HR08-87 to help delineate the extents of the higher grade zones. One drill hole will test the vertical continuity between higher grade intercepts of holes HR06-30 and HR08-87. A second hole will test the sub-horizonatal projection of shallow (less than 100m depth) mineralization that extends laterally to the northwest of the HR08-87 intecept.
The company awaits assay results from several other holes that have been completed in this extension of the deposit, as well as assay results from holes drilled at other portions of the Homestake Ridge property.
Bravo has now completed, in the 2008 exploration program, over 7,800 metres of drilling in 38 core holes over the entire property. To date, 31 drill holes have been completed at the Main Homestake Ridge target, three drill holes have been completed at the Homestake Silver target, and two holes completed on each of the Vanguard Gold and Vanguard Copper targets.
The company also reported today that it has granted 1.685 million incentive stock options to directors, officers, employees and consultants, each exercisable at $0.33 per share, being the closing price on the TSX.Venture Exchange on October 06/08, and for a period of five years.
The granting of the stock options is subject to regulatory approval.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
We seek safe harbor.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
Contacts
Jay Oness
Bravo Venture Group Inc.
1-888-456-1112 or (604) 684-9384
Email: corpdev@mnxltd.com
Website: www.bravoventuregroup.com |
