Drill Program Starts at Woewodski Island
Bravo Venture Group Inc. (BVG: TSX-V) (“Bravo”) reported today that the company has received final drill permits and drilling has commenced on its Woewodski Island project located in southeast Alaska. Bravo anticipates 8-10 core holes for the 2008 drill program which will focus on precious-metal-rich VMS targets at the Brushy Creek and East Lake prospects.
Brushy Creek VMS
Drilling has started at Brushy Creek. Up to three initial drill holes, totaling 400 metres, are planned to offset historical drill intercepts from 2002 which returned 1.8 metres grading 0.58g/t Au, 71g/t Ag, and 3.7% Zn and a second 3.3 metre interval grading 0.47g/t Au, 58g/t Ag and 3.9% Zn within strongly altered sedimentary rock. Significantly this drill hole ended in mineralization (0.3m grading 2.80%Zn).
East Lake VMS
Drilling at the East Lake prospect will test several targets identified along the northern and southern margins of a broad sedimentary basin which occupies the central part of the island. Previous work at this prospect has identified well-preserved Late Triassic volcanic and sedimentary stratigraphy, a series of strong east-west-trending EM conductors and Ag-Pb-Zn-rich multi-element soil anomalies within the basin. Argillitic rocks hosting broad intervals of base-metal and precious-metal enriched iron sulphides occur both on surface and in drill intercepts with grades up to 3.3m of 4.2g/t Au and 4.68% Zn identified in historic (non-compliant NI43-101) core drilling. Strong resistivity anomalies mark the margin of the basin and reflect the transition from predominantly volcanic footwall rocks to overlying sedimentary rocks. Such an environment can be an area of massive sulphide deposition and preservation. Up to 800 metres of drilling is anticipated as follow-up to geophysical and geochemical targeting
About Woewodski Island
The Woewodski Island Project includes 501 Federal claims and three State claims covering 3260 hectares in southeast Alaska in which Bravo may acquire a 100% interest. This “deep-water, tide-water” accessible property is located approximately 30km SSW of Petersburg Alaska and includes over 13 syngenetic VMS and gold-quartz vein targets all hosted within the same volcanic-sedimentary rocks that host the Green’s Creek, Alaska and Windy Craggy, British Columbia VMS deposits.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. The Homestake Ridge project in British Columbia is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.
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Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
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