Each site can be used for multiple drill holes, and three or four reverse-circulate drill holes are planned as the first relatively deep test of the interpreted feeder zone of this large hydrothermal system. Although a drilling contract has been signed, a rig is not expected to be available until late November due to high demand for RC drill rigs.
The Feeder target is interpreted as the 'upwelling zone' of auriferous fluids that formed the disseminated gold/silver deposit previously mined by Amax Gold and the remaining Resources defined by Bravada. Evidence for the target concept is from Amax's shallow condemnation drill holes and Bravada's geological mapping, geochemical sampling, magnetic geophysics, and 2018/19 deep drilling nearby. Disseminated gold and silver mineralization on the
In other project news, assays for diamond drilling completed at Bravada's Highland gold/silver project are still pending as assay labs continue to be backed up due to Covid-19 restrictions and delayed drilling programs that are now underway, which have overwhelmed assay labs. Assays are expected late in October or early in November.
The 2020 exploration program consisted of 427m of core in two holes and was funded by Option/Joint-Venture partner
About
The Wind Mountain Property is in northwestern
About Bravada
Bravada is an exploration company with a portfolio of high-quality properties in
Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 764 claims for approximately 6,100 ha in two of
Contact:
Tel: +1-604-641-2759
Fax: +1-604-688-4670
Email: ir@mnxltd.com
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
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