Bravada Projects

Bravada owns 70 claims that comprise the Shoshone Pediment property.  Low-level gold and encouraging pathfinder geochemistry are widespread in generally unfavorable Upper Plate rocks.  The property is near the northwestern projection of a series of small gold deposits in Upper Plate rocks at US Gold's Slaven Canyon property.  These gold deposits are between approximately 1.5 and 8km southeast of the property.  More prospective Lower Plate carbonates are at an unknown depth.

The rights to barite at the Company’s Shoshone Pediment property were leased to Baker Hughes, for which the Company will receive an advanced minimum royalty and a royalty for any barite produced from the property.  They will also pay federal and county fees to maintain the claims and provide Bravada with a split of any drill samples that they collect while they drill out the bed of barite exposed on the property.  Bravada reserves the rights to explore for and mine gold and other metals.

Bravada has no immediate plans to drill the property, but will continue to monitor competitor activity in the area and will be provided with cuttings from any Baker Hughes drilling, which can be analyzed for gold and associated pathfinder elements by Bravada. Bravada believes that the best potential on its land lies in the more prospective Lower Plate rocks at depth.  Gold and pathfinder geochemistry on Baker Hughes' drill samples may provide vectors that will allow targeting for deeper drilling needed to test the Lower Plate rocks.