Bravo Venture Group Inc.: Drilling Resumes at Homestake Ridge

VANCOUVER, BC - Bravo Venture Group Inc. reported that crews for one drill rig have reported to the Alice Arm camp and that drilling is expected to resume on the Homestake Ridge Au-Ag-Cu deposit after active exploration was suspended in early August due to a fatal helicopter accident at the project.
The two drill rigs will continue to test extensions of the Main Homestake zone, the continuity of higher grade mineralization throughout the deposit and possible bonanza-grade feeder faults beneath the known stratabound mineralization. A third drill rig is scheduled to be mobilized to the project late next week and will start drill testing other targets that have been identified along age-equivalent stratigraphy for over 3,000 metres of strike length, highlighting the district-scale mineral potential of the property. The Homestake Silver zone and the Vanguard Gold zone returned encouraging results from initial drilling during 2007 and are two of the targets to be tested.
Prior to the suspension of the current program, Bravo had completed over 2400 metres in twelve drill holes of the anticipated 7500-metre core drilling program. Core logging has now been completed on all twelve drill holes and over 760 samples have been delivered to Acme Analytical Laboratories for analyses. Assays are pending. With three active drills on the project, Bravo anticipates completion of the current program by late September.
In March 2007 Bravo announced an Inferred Resource estimate at the Main Homestake zone of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 million tonnes with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold (see NR-04-07)(1). Drilling through 2007 has tested a 600-metre strike length of the mineralized horizon to depths of over 600 metres. The deposit remains open down dip and along strike to the southeast and northwest.
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, 604.684.9384, fax: 604.688.4670, email: [email protected].