Bravo Updates Progress On Nevada Holdings

摘要

VANCOUVER - Bravo Venture Group reported on the com-pany's 13 project, 75-square-mile holdings in Nevada's Battle Mountain/Eureka trend. Three projects are subject to exploration agreements with major mining companies. One is an earn-in being funded by Bravo, and nine are being advanced by Bravo for potential farm-out to majors. Bravo reported it has now received results from a nine-hole, 3514 metre reverse-circulation and mud-rotary drilling program at the South Lone Mountain project. Two areas were tested within the 45-square-mile, strategical!}' located claim block. This property is 100 percent owned by the company and is being explored under an option agreement by Placer Dome U.S. which has recently been acquired by Barrick Gold Corporation. Thirty two sites were permitted and bonded by Placer Dome; however, planned follow up drilling is pending an evaluation by Barrick of all joint-venture exploration projects held by Placer Dome, including the South Lone Mountain.