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To: LoneClone who wrote (130943)11/19/2018 1:41:34 PM
From: LoneClone  Respond to of 193686
 
Bravada Signs Letter of Intent with Oceanagold for its Highland Gold/Silver Project in Nevada

finance.yahoo.com

NewsfileNovember 15, 2018

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) ("Bravada") announces that it has executed a Letter of Intent ("LOI") with OceanaGold Corp ("Oceana") whereby Oceana may earn up to a 75 percent interest in Bravada's low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada. The LOI sets terms for the earn in and includes an Exclusivity period until December 15, 2018 during which time Oceana will conduct additional due diligence for the Highland property and will negotiate a Definitive Agreement with Bravada.

Oceana may earn a 51 percent interest by making certain cash or share payments and incurring aggregate exploration expenditures of US$4 million over five years. Oceana may increase its interest to 75 percent within four years of earning its 51% interest by incurring an additional US$6 million in exploration expenditures. Payments include advanced minimum royalty ("AMR") payments to underlying property vendors, claim fees, an initial cash payment of US$50,000 to Bravada and an additional US$200,000 payment to Bravada upon Oceana earning a 51% interest in the property. Payment to Bravada at 51% earn-in can be in cash or shares at Oceana's option.

A technical committee composed of Oceana and Bravada personnel will recommend work programs with Oceana having the sole decision on program work and expenditures. The Highland property is subject to a 3% NSR royalty in favour of the underlying vendors of the property subject to a reduction of the royalty to 2% upon payment of US$1 million. All AMR payments will be deducted from production royalties. Approximately US$500,000 in AMR payments have been made to date.

President Joe Kizis commented: "There is great potential at Highland to discover new, high-grade gold/silver deposits. Low-sulfidation deposits worldwide are among the highest-margin gold/silver deposits, and usually occur as clusters of similar-grade deposits of various sizes. Many of the deposits are exploited by small-footprint, underground mining and relatively benign milling operations. Highland's location in an established mining region in Nevada reduces risks associated with land tenure, logistics, and capital and operation costs when compared to many regions of the world. Oceana has an excellent record of discovery and production from low-sulfidation deposits, and we are fortunate to have a Company with such expertise advance our Highland project."

About Highland

The Highland low-sulfidation-type project consists of 102 Federal lode claims for a total of approximately 825 hectares and is located along the Walker Lane Gold trend. Previous drilling by Bravada's US subsidiary intersected vein zones with locally high-grade intercepts; the Company's best hole, H02013, intersected 1.5 meters (m) of 66.9 grams of gold per ton (g/t) and 397.7g/t silver within a 12.2m intercept of 9.5g/t gold and 109.4g/t silver, with true thicknesses estimated at 65% of the intervals. A thin layer of alluvial gravel covers much of the property and several targets have been identified that have not been previously tested with drilling.

About Bravada

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. During the past 12 years the Company has successfully identified and advanced properties that have the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. With the addition of Oceana's option of Highland, four of Bravada's eleven Nevada properties are being funded by partners. As well, there are no NSR-type royalties to vendors that cannot be reduced. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties, most of which host encouraging drill intercepts of gold and which already have drill targets developed by the Company.

About OceanaGold

OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company's assets encompass the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Americas and Asia-Pacific regions.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the Qualified Person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contact:
Jay Oness
(604) 641-2759



To: LoneClone who wrote (130943)11/19/2018 1:53:13 PM
From: LoneClone  Read Replies (1) | Respond to of 193686
 
HAWKEYE Gold & Diamond: Gold and Copper Mineralization Discovered During Phase 2 Exploration at the McBride Property

accesswire.com

Monday, November 19, 2018 10:30 AM


VANCOUVER, BC / ACCESSWIRE / November 19, 2018 / HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSX-V: HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce assay results from its recently completed Phase 2 work program at HAWKEYE's 100% owned McBride property. The McBride property totals 4,133 hectares, is contiguous with the Red Chris Mine property of Imperial Metals to the south, and lies only 18 km east of GT Gold's exciting "Saddle" discovery, where recent drilling yielded an intercept of 1.02 g/t Au, 0.51% Cu and 1.72 g/t Ag over 363 m.

The program was conducted on the Company's recently acquired claims announced on October 5, 2018 (News Release No. 297 - 2018), which border the northern and eastern sections of the original McBride claims. The campaign was designed to further assess mineral showings, both historical and newly discovered, that were examined during HAWKEYE's first phase program.

A total of 11 mineralized rock samples were collected, mainly from the previously outlined two kilometer copper mineralized trend (see Figure 1 below). In the northeastern part of the trend, two samples from narrow copper-bearing carbonate veins hosted by a monzonite plug or large dyke returned 5.18 g/t gold and 0.97% Cu and 2.68 g/t Au and 0.86% Cu, respectively. Encouraging results were also returned along the copper trend, with samples returning copper grades ranging from 0.248 to 1.89%. Within the copper mineralized trend, a coincident 500 m wide by 2000 m long linear magnetic high was outlined by Geoscience B.C.'s Quest-Northwest Airborne Magnetic Survey (Figure 2). This magnetic high may reflect the presence of a partially covered monzonite intrusion. The copper and gold grades along the copper mineralized trend, together with widespread propylitic alteration and the coincident airborne magnetic high, may represent the upper and/or distal parts of a potentially sizeable porphyry copper-gold system at depth.

A second magnetic anomaly consisting of an 1000 by 1000 m annular magnetic high, typical of Cu-Au porphyry deposits in this district, is located approximately 1.5 km southwest of the two-kilometer copper mineralized trend (Figure 2). A grab sample of hydrothermally altered intrusive rock collected about 600 m northwest of the magnetic high hosts fine grained disseminated pyrite and chalcopyrite and yielded 527 ppm Cu. Nearby country rocks are moderately to strongly propylitically altered and are commonly dyked by quartz-carbonate-specularite veined and altered rhyolite, which may also be indicative of a nearby porphyry centre.






Above: Gold-bearing calcite vein with chalcopyrite and malachite within medium to coarse-grained monzonite, northern McBride property.








Above: Close-up of gold-bearing calcite vein hosting chalcopyrite and malachite, northern McBride property.



Above: Close-up of gold-bearing calcite veins hosting chalcopyrite and malachite staining, northern McBride property.

HAWKEYE is currently reviewing proposals for a 2019 airborne magnetic and radiometric survey, which, together with existing Phase 1 and 2 geochemical surveys, should help outline potential porphyry-related targets. More detailed follow-up soil geochemical and ground-based Induced Polarization geophysical surveys are planned for early in the 2019 season, with the aim of identifying specific targets for a 2019 drill program.

All soil and rock samples were delivered directly by the crew to ALS Global's analytical facility in Terrace, B.C. for preparation, and subsequent precious metal and multi-element analysis in their North Vancouver laboratory. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO / IEC 17025:2005 from the Standards Council of Canada.




Figure 1: Two kilometer copper mineralized trend (between red dashed lines) with copper-gold highlights from historical, Phase 1 and Phase 2 programs.




Figure 2: Copper mineralization overlying analytic signal of total field (nT/m)

Qualified Person

Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a senior geologist with CJG and a qualified person for the purpose of National Instrument 43-101. Mr. Mitchell has prepared, reviewed and validated that the technical information contained within this release is accurate.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company's precious and base metals properties are located in the prolific BC Golden Triangle, world-class Barkerville gold camp and Vancouver Island, BC, Canada. HAWKEYE's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential cash flow and production opportunities with blue sky discovery potential, and to manage our business in an environmentally responsible manner while contributing to the local community and economy.

HAWKEYE GOLD & DIAMOND INC.

Per:

"Greg Neeld"

President & CEO

Vancouver: (604) 908-8511
Email: greg@hawkeyegold.com
Web Site: www.hawkeyegold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: HAWKEYE Gold & Diamond Inc.