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Bravada Projects

Signal property

The Signal Project is located in the northwestern portion of the Eureka Mining District in Eureka County, Nevada.  Bravada can acquire a 100% interest in 139 unpatented lode mining claims that comprise this project, subject to a 2% NSR royalty retained by the underlying owners, which can be reduced to 1% NSR by payment of US $1million. 

Historic drilling on the property, prior to Bravada's acquisition, had identified several near-surface intercepts of strongly anomalous gold.  Bravada pursued these historic intercepts with detailed mapping and drill testing to explore the potential of a near-surface gold deposit.  A small, but uneconomic, gold resource was estimated in-house (non 43-101 compliant) following the Bravada drilling program.  However, the location and attitude of the feeder structures for this mineralization were identified and recent mapping and re-examination of regional historic drill data allow for the projection of highly favorable host rocks at reasonable drill depths beneath the resource.

Bravada drilling penetrated a thick section of thin-bedded limestone in the Sadler Ranch Formation elsewhere on the property; this unit has the characteristics of a favorable host rock for gold mineralization.  The McColley Canyon Formation, a known gold host rock elsewhere in Nevada, may also be reached by drilling in the vicinity of the feeder structures.  A total of 26 drill sites are permitted and bonded at Signal.