Bravo Announces Corporate Appointments
Bravo Gold Corp. (TSX.V: BVG) is pleased to announce the
appointment of Michael Sproule as Vice President, Corporate
Development.
Mr. Sproule has over 20 years
of senior executive experience during which he has raised over $2.7B
for companies in the mineral and oil and gas sectors. Most recently, Mr.
Sproule held the position of Managing Director-Corporate Finance with
Sandfire Securities Inc., and prior to that, the positions of Managing
Director and Director and Head of Institutional Equities with Octagon
Capital Corporation. He has also served in senior capacities
with other Canadian brokerages. Mr. Sproule received an MBA degree from
the Richard Ivey School of Business in 1989 and a Bachelor of Science
degree in Aeronautical Engineering from Embry-Riddle Aeronautical
University in 1984.
In assuming this position, Mr.
Sproule has replaced Mr. Robert Swenarchuk who recently retired from the
positions of Senior Vice President and Director of the Company; Mr.
Swenarchuk will remain a consultant to the company on an as-needed
basis. The Board would like to thank Mr. Swenarchuk for his
extensive contribution to the Company and wish him well in his
semi-retirement.
The Company has appointed Robert
Macdonald, MSc., P.Geo., as Vice President,
Exploration. Mr. MacDonald is a member of the Manex Resource
Group of Companies and, in such capacity, since 2003 he has been the
Project Geologist managing the exploration program at the Company’s
Homestake Ridge project where the project has developed from an early
stage exploration target into a significant gold and silver
resource.
Mr. Macdonald graduated with a
B.Sc. from Memorial University of Newfoundland in 1990 and earned a MSc.
from the University of British Columbia in 1999. Over his career in the
geosciences Mr. Macdonald's work has focused on vein and
intrusion-related gold systems and VMS environments. Prior to joining
Bravo, Mr. Macdonald worked as a geologist with the British Columbia
Geological Survey and Teck Exploration on projects in Alaska, Peru and
British Columbia.
Following the appointments of Mr. Sproule and
Mr. Macdonald, the directors and officers of the Company
are:
Lawrence Page, Director and
Chairman
Joseph A. Kizis Jr., Director and
President
Terry Eyton, Director
Ken Thorsen,
Director
Declan Costelloe, Director
Scott Hean,
Director
Mahesh Liyanage, Chief Financial
Officer
Michael Sproule, Vice President Corporate
Development
Robert MacDonald, Vice President,
Exploration
Stacey Bligh, Corporate
Secretary
Homestake Ridge -
Update
Bravo also reported that work is
progressing well at its Homestake Ridge project located 32 kilometeres
south of Stewart in northwest British Columbia.
Crews
and two drill rigs have been active on the property since mid-June.
Eight drill holes, comprising 3240 metres of the anticipated +12,000
metre program have been completed to date.
Five of
the completed drill holes test lateral and down-dip extensions of the
Homestake Silver deposit offsetting hole
HR09-165, which returned two thick mineralized intervals: a shallower
interval of 14.5 metres (est. true thickness) averaging
4.8g/t gold and 2.1g/t silver and a deeper interval of
24.4 metres averaging 12.1g/t gold and 6.8g/t
silver.
Three of the completed drill holes test
surface anomalies in the East Valley geophysical zone, one of six
geophysical exploration targets identified in the 630-line kilometre
airborne geophysical program conducted last season and located 1000
metres due east of the Main Homestake
deposit. One hole, HR10-169, which targeted the Homestake
Silver deposit required re-alignment and was stopped prior to target
depth. Logging and sampling of the core is in progress. Core samples
from several of these initial holes have been submitted for assay,
results are pending.
Drilling continues on
the Homestake Silver deposit while drilling has now started on the
North Dome, target located 1.5 kilometres northeast of the
Main Homestake deposit.
About Bravo
Bravo Gold Corp has a 100 percent interest in the Homestake
Ridge project located in a prolific mineral belt in northwestern British
Columbia. The project is being advanced as a potential high-grade
underground mining operation with a current NI43-101 compliant Indicated
Resource, at a 3.0 g/t AuEq. cut-off, of 191,000 ozs gold and 1,350,000
ozs silver plus an Inferred Resource of 348,000 ozs gold and 7,990,000
ozs silver (1). Two deposits have been indentified to date and multiple
exploration targets remain to be tested on the large, 2761ha property.
Bravo also holds a 44 percent interest in Bravada Gold Corp, which is
exploring 13 projects in the Battle Mountain-Eureka Gold trend in
Nevada.
Robert Macdonald (P.Geo) is the Qualified
Person as defined by National Instrument 43-101 for the Homestake Ridge
project and has reviewed and approved the technical contents of this
release.
ON BEHALF OF THE BOARD,
Joseph A. Kizis Jr.,
President
For further information, please visit the company’s website at
bravogoldcorp.com or contact Liana Shahinian at either 1-888-456-1112 or
604-641-2773 or by email at liana@mnxltd.com.
(1) The
current estimate, as reported in NR-07-10, was prepared by Scott Wilson
Roscoe Postle Associates Inc. (Scott Wilson RPA) and carried out using a
block model constrained by 3D wireframes of the mineralized
zones. The block model comprised an array of blocks measuring 5
m x 5 m x 5 m, with grades for Au, Ag, Cu, Pb, and Zn interpolated
using Inverse Distance to the Third Power (ID3) weighting. At a 3.0g/t
AuEq. cut-off, the model identified an indicated resource of 888,000
tonnes averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and an inferred
resource of 2,340,000 tonnes averaging 4.6g/t Au, 105.5g/t Ag and 0.13%
Cu.
The TSX Venture Exchange,
nor its regulation service provider, has not reviewed and does not
accept responsibility for the adequacy or accuracy of the contents of
this news release, which has been prepared by management. We seek safe
harbor.