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The Baxter prospect is a low-sulphidation epithermal Au-Ag-rich system underlain by felsic flows and domes within a package of volcanic tuffs, sediments and breccias. Kinross Gold Corp. recently returned 100% interest to Bravada, after drilling 54 R.C. holes for a total of 10,726m.

Located ~9km southwest of the Highland property, the land package consists of 243 unpatented lode claims totaling ~1,940 ha and is accessible year-round by good gravel roads. Initial sampling by Bravada returned 16 of 51 samples with values from 1.0g/t to 21.2g/t Au, including seven samples >10g/t Au with up to 132g/t Ag. The silver to gold ratio is less than 10:1, indicative of a gold-biased system. The company's shallow drilling program in 2004 intersected narrow intervals of high-grade gold, including 1.5 metes of 9.12 g/t Au within 6.1 meters of 3.50 g/t Au beginning at 51.8 meters depth and 1.5 meters of 7.38 g/t Au within 10.7 meters of 2.00 g/t Au beginning at 47.2 meters. 

Prior to the drilling programs, Kinross increased the number of mining claims to 243, conducted mapping, rock-chip and soil sampling over the expanded claim block, conducted detailed ground gravity and airborne magnetics/radiometrics over the entire claim block, and conducted mineralogy studies to identify clay and other alteration products in surface and drill chips. Five of the 92 samples of vein, dump material, and wall rock that were collected contain 10.1 to 43.7g/t Au. The remaining samples assay in the range of less than detection limits to 7.8g/t Au.

Kinross’ drill holes discovered a shallow gold deposit at the Sinter Target, which remains open along strike and may extend to a wildcat hole BAX17-07, located 500m to the northwest of the Sinter drill holes. BAX17-07 intersected 3.05m of 3.70g/t Au within 9.14m of 1.38g/t Au, both intervals beginning at 198.6m depth. Additional field work and float sampling is planned to refine the target.