The Pete Hanson property is situated approximately 56km northwest of the town of Eureka, Nevada and is in the heart of the Battle Mountain – Eureka Gold trend. It is situated about 13km northwest of the Gold Bar Satellite Deposits and 6km east of the Tonkin Springs Deposits. Cortez, Pipeline and the Cortez Hills/Pediment Properties, all multi-million ounce gold discoveries, are centered approximately 40km northwest of Pete Hanson Creek. Bravada owns 191 unpatented mining claims subject only to a 1% NSR, half of which (0.5%) can be bought for US$3 million.
The Pete Hanson claims cover the southeast margin and central part of a north-trending, pediment-covered basin and a portion of the uplifted Roberts Mountains. The property is referred to as two sub-projects; Pete Hanson East and Pete Hanson West. A geologic legend is included at the end of the report.
Pete Hanson East
At Pete Hanson East, silicification and widespread anomalous gold and pathfinder geochemistry establish the presence of a strong Carlin Gold system that has affected Lower Plate carbonate rocks. Exposed Lone Mountain Dolomite, a massive, unreactive carbonate that is not a favorable host rock, is strongly altered and geochemically anomalous along certain faults. A highly favorable host rock, the Roberts Mountain Formation, is projected to underlie portions of the area at moderate depths. Permitting for Pete Hanson East is in progress.
Two prominent faults are being permitted for drill testing because of their strong, consistent gold anomalies, several of which are more than 1g/t (high value 3.39g/t Au), and associated alteration consisting of strong hematite staining and silicification.
A north-trending structure, approximately coincident with a range front fault, will be tested to the north and a north-northeast structure will be tested to the south. Both of these targets are also cut by northeast trending faults, which appear to have affected alteration and mineralization. Strongly anomalous gold mineralization has been detected in surface exposures and in shallow drill holes. The feeder structures that fed this mineralization are projected to cut the Roberts Mountain Formation at relatively shallow to moderate depths (<500m). Large, high-grade gold deposits may have been deposited where these feeders cut the Roberts Mountain Formation.
Pete Hanson West
The target on Pete Hanson West is a geophysical magnetic ‘bulls-eye’ high beneath post-mineral gravel and volcanic cover along the western property boundary that may be caused by a mineralized intrusion. The target is a gold deposit in Lower Plate host rocks, which could include the Roberts Mountain Formation. While the target is blind, the magnetic anomaly and the proximity of the target to significant known resources of gold on the Tonkin Springs Property make this an attractive target. Pete Hanson West is fully permitted and bonded and ready to drill at 9 sites.
