Drill Permit To Test Feeder Target At The Wind Mountain Gold Project

VANCOUVER - Bravada Gold Corporation has received approval to add new drill sites to its existing permit for the Company's 100% owned Wind Mountain gold/silver project in northwestern Nevada. Each site can be used for multiple drill holes, and three or four reverse-circulate drill holes are planned as the first relatively deep test of the interpreted feeder zone of this large hydrothermal system. Although a drilling contract has been signed, a rig is not expected to be available until late November due to high demand for RC drill rigs.

The Feeder target is interpreted as the "upwelling zone" of auriferous fluids that formed the disseminated gold/silver deposit previously mined by Amax Gold and the remaining Resources defined by Bravada. Evidence for the target concept is from Amax's shallow condemnation drill holes and Bravada's geological mapping, geochemical sampling, magnetic geophysics, and 2018/19 deep drilling nearby. Disseminated gold and silver mineralization on the Wind Mountain property is exposed over a strike length of +6km, indicating a robust gold system that spread laterally over the large area within permeable host sediments; however, a high-grade feeder has not been discovered to date and that is the objective of this campaign.

In other project news, assays for diamond drilling completed at Bravada's Highland gold/silver project are still pending as assay labs continue to be backed up due to Covid-19 restrictions and delayed drilling programs that are now underway, which have overwhelmed assay labs.

The 2020 exploration program consisted of 427m of core in two holes and was funded by Option/Joint-Venture partner OceanaGold US Holdings Inc. may earn up to a 75% interest in the Project after expenditures of US$10 million following which Bravada will participate in joint-venture exploration and development on a 75/25% basis. The limited 2020 program was designed to test several CSAMT geophysical features believed to be potentially mineralized graben faults.