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Bravada Gold Corp.
Summary
| Project: | Baxter | |
|---|---|---|
| Deposit: | Baxter | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2016: Bravada Gold Corp. announces an Exploration/Drilling Update report for its Baxter deposit at the Baxter project. JV with Kinross Gold - drilling results incl. 3m @ 1.05g/t Au from 29.0m. Bravada Gold Corporation (the “Company” or “Bravada”) ha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph A. Kizis, Jr. (Internal) | |
| ABSTRACT: | Bravada Gold Corporation (the “Company” or “Bravada”) has received drill results for the second-phase drilling program 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”), drilled 25 additional reverse-circulation (R.C.) holes for a total of 3,839 meters. The relatively shallow holes were widely distributed over the northern portion of the property in order to extend shallow disseminated gold mineralization and to provide vectors to zones of potentially high-grade gold “feeder” zones. Earlier this year, Kinross completed a 4,439-meter program consisting of 16 R.C. holes that were widely distributed within the large Baxter property and discovered a new zone of shallow, oxide gold mineralization at the Sinter target. Hole BAX16-13 contained the strongest mineralization: 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. Other holes in the target area intersected gold mineralization at approximately the same horizon (see news release NR-07-16). This second phase of drilling somewhat expanded the footprint of mineralization at the Sinter target with holes BAX16-17, -18 and -19, which were drilled from the same pad in different directions. Two holes, BAX16-31 and -32, intersected a potential new zone of mineralization at the eastern end of the Sinter target, where it is open to the north, south, and east. Significant intervals of +0.2g/t Au are shown in the table below and other holes contain lower concentrations of anomalous gold with narrow zones of up to 0.2g/t Au. Locations of holes are shown on the figure below. | |
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