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Bravada Gold Corp.
Summary
| Project: | Baxter | |
|---|---|---|
| Deposit: | Baxter | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2016: Bravada Gold Corp. announces an Exploration/Drilling Update report for its Baxter deposit at the Baxter project. JV with Kinross Gold - drilling results incl. 32.0m @ 0.880g/t Au from 32.0m. Bravada Gold Corporation (the “Company” or “Bravada”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph A. Kizis, Jr. (Internal) | |
| ABSTRACT: | Bravada Gold Corporation (the “Company” or “Bravada”) has received assays for recent drilling at the Company’s Baxter Low-sulfidation gold property in the Walker Lane Gold trend in Nevada. Kinross Gold U.S.A., Inc., a wholly owned subsidiary of Kinross Gold Corporation (“Kinross”) completed 16 reversecirculation drill holes for a total of 4,439 meters at the Baxter property (see Table I for locations and orientations of holes). A new zone of gold mineralization was discovered at the Sinter target, one of several target areas partially tested during the recent drilling program. Hole BAX16-13 intersected 6.1m averaging 2.199 grams gold per ton (g/t gold) beginning at 32m depth within a thicker interval of 32.0m averaging 0.880g/t gold. Hole BAX16-14 is collared approximately 180m to the north of BAX16-13 and intersected 10.6m interval of 1.023g/t gold beginning at 54.9m. Other holes in the target area intersected lower grades of gold mineralization at approximately the same horizon and geophysical data suggests mineralization may be controlled by an easterly trending fault (see attached figures). Although delineated by only a few holes to date, the mineralization appears to be relatively flat-lying and open along strike. True thicknesses are estimated to be 65-100% of the reported drill intercepts. Table II lists significant intervals of +0.2g/t Au, although holes in other targets contain narrow intercepts of up to several hundred ppb gold as well. Silver and base metal concentrations are generally very low. | |
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