Bravo Venture Group Inc., through its wholly owned US subsidiary Bravo Alaska, Inc., controls twelve exploration properties, 946 claims (approximately 7,700 hectares or 30 square miles), in the Battle Mountain-Eureka Gold trend of Nevada, including several that are drill-ready with permits in place.
Pursuant to a recently announced “Plan of Arrangement”, Bravo will spin-out all of the Nevada projects into a newly formed company called “Bravada”. For further information on this transaction, please see News Release dated September 22/09.
Bravada believes these properties have characteristics of very large Carlin-type gold deposits. Underlying payments are reasonable and royalties are, or can be reduced to, 1% NSR or lower.
Very large Carlin-type gold deposits occur in “Lower Plate” Paleozoic sedimentary rocks along two major trends in Nevada; the Carlin trend and the Battle Mountain-Eureka trend. Deep crustal features are believed to be responsible for these trends. Compare the prominent northwest-trending gravity “break” shown on the attached figure of the Battle Mountain-Eureka trend below and to the left with the map below and to the right that shows known deposits and Bravo’s projects for the same area. Along the trends, deposits further cluster as districts and sub-districts. A striking characteristic of the largest Carlin-type gold deposits is their ever-present association with smaller gold deposits that have similar alteration and geochemistry signatures. For example, relatively small gold deposits were discovered at and around the Cortez mine decades before discovery of the much-larger Pipeline and Cortez Hills deposits. Goldstrike and Turquoise Ridge are other very large deposits that were discovered long after nearby small satellite deposits were placed into production.
History and Exploration Targets
The Battle Mountain - Eureka Trend has produced approximately 23 million ounces of gold over the past thirty years making it the second most productive belt in Nevada after the Carlin Trend. Much of the recent production is from Placer Dome's 11.7MM oz Pipeline- Pediment deposit. The discovery of the ET Blue deposit in late 2002 and the Cortez Hills deposit (5.5 Mozs measured, indicated and inferred resources), both owned by the Cortez Joint Venture (Barrick and Kennecott Explorations), has boosted interest in the trend. It has been reported that past and future resources along the sixteen kilometre zone from Pipeline to Cortez pediment can easily exceed 30Mozs, making it the second most important gold trend in Nevada.
