High Grade Intersects At Homestake Ridge

VANCOUVER, BC - Bravo Venture Group Inc. reported that a thick, high-grade gold intercept was returned from a drill hole offsetting hole HR08-87 on its 100 percent owned Homestake Ridge project in NW British Columbia. The company reported that assays from drill hole HR08-118 include a 62.3 metre intercept (estimated true thickness) averaging 6.1g/t Au with a high-grade 8.5 metre intercept averaging 30.3g/t Au and a second 4.9 metre high-grade intercept averaging 13.4g/t Au and 41.9g/t Ag from the upper part of the mineralized intercept.
The deeper high-grade intercept represents an approximate 25 metre lateral offset to the northeast from high-grade mineralization previously reported from drill hole HR08-87 (52 metres averaging 21.0g/t Au) and forms a bench that, along with the HR08-87 interval, projects into an untested region of the deposit. This untested region measures 75 metres to the southeast toward drill hole HR05-17 (7.6 metres averaging 10.6g/t Au) and 50 metres to the northeast toward hole HR06-23 (51.9 metres averaging 0.51g/t Au).
The company also reported on drill hole HR08-117 which returned 15.2 metres averaging 1.36g/t Au, further demonstrating the lateral continuity of this near-surface mineralized zone. Hole HR08-117 intersected a bench of mineralization that is up-thrown, relative to mineralization in holes HR08-87 and HR08-118, along a paleo-fault that appears to be an important control of high-grade mineralization. If so, high-grade mineralization may lie farther to the northeast of hole HR08-117 and the paleo-fault.
President Joe Kizis commented, "Our geologic modeling at Homestake continues to be confirmed and refined, providing us with increasingly better predictive ability. The ability to predict and test this important high-grade, locally multi-ounce, gold-mineralized feature will be extremely important as this mineralization can dramatically affect the economics of the deposit by reducing the pay-back of capital investment and increasing overall profitability. The location of the high-grade mineralization being relatively shallow in the deposit is a further economic bonus."
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, 604.684.9384, fax: 604.688.4670.