OK Eric, I'll give it a try.
There are many good gold plays, I have been following BVG for over a year. Location is very close to Stewart, B.C. Its a helicopter show as they are drilling on a mountain slope, but only a couple of miles inland from the ocean. Its a purely summer event due to the unbelievable snowfall in that area. They start late and quit early.
Last year they pulled at least one terrific hole. "73 m of 20.99 g/t Au at Homestake Ridge. That is the richest drilled at that location, there are others. It was of course unexpected, and the short season did not allow for follow up drilling. I know one hole doesn't a mine make, but a 2006 NI43-101 compliant technical evaluation reported an inferred resource of 900,000 oz/gold. And there is a very rich silver component in another area.
Due to the winter layoff, the stock languished and retreated to .30c level. Since the announcement of commencement of drilling, the stock is now in the .50c range. I think it is reasonable to expect some good drill results, and a new NI43-101 report.
It has quite a few shs. outstanding, 120 mil. undiluted.
This from their last N.R.
"Bravo plans an aggressive $5.0-million-plus drilling program consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October."
N.B. Drill results are variable, but they have hit on some real high grade rock.
Some holes drilled last year: Stockwatch headlines:
Bravo drills 6.1 g/t Au over 69.7 m at Homestake Ridge
Bravo Venture drills 9.4 m of 24.9 g/t Au, 1,042 g/t Ag
Bravo Venture drills 62.3 m of 6.1 g/t Au at Homestake
Bravo drills 2.71 m of 2,502 g/t Ag at Homestake
This is the latest N.R. complete.
Crew mobilization has been completed and drilling has begun at Bravo Venture Group Inc.'s Homestake Ridge project in northwestern British Columbia. The company also reported that a 630-line-kilometre AeroTEM III airborne geophysical survey of the property is nearly complete and mapping crews have started surface follow-up on the newly identified geophysical targets and trends.
Bravo reported that one drill has started testing the vertical and lateral extensions of high-grade mineralization encountered in drill hole HR08-87 (52.5 metres grading 21.0 grams per tonne gold and 11.6 g/t silver, including 7.7 metres of 181.6 g/t Au) to explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization. A second drill is testing the extensions of known intercepts of mineralization to the northwest of the Main Homestake zone.
The company said that the airborne survey of the property is 85 per cent complete. The survey, flown on 50-metre line spacing, will provide detailed magnetic, electromagnetic and radiometric information on the property and will be used to identify trends and offsets of the main mineralized trends and other targets on the property.
Bravo plans an aggressive $5.0-million-plus drilling program consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October.
I don't like to predict stock prices, or drill results before their time, but given the long inactivity over the winter, and the consequent sell off, I think there is a good chance to make some money this year with this stock. I sold most of my shs. last year, and bought even more a couple of months ago.
This is a drill play, so must wait for the drill to speak. |
