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Bravada Projects

Three Bar project

The Three Bar project is situated in the heart of the Battle Mountain Gold Trend and is approximately 55km northwest of Eureka, Nevada and 5 km northwest of the now-closed Gold Bar Mine.  Bravo owns 85 unpatented mining claims, which are subject only to a 1% NSR royalty, half of which (0.5%) can be bought for US$3 million.

The project lies along a major, north-trending, gravity anomaly associated with the Gold Bar Mine Deposit.  A north-trending fault also runs through the property.  Bravo has drilled two holes on the property and has data for several others drilled prior to their acquisition of the property.  Favorable host rocks consisting of Lower Plate carbonates have been delineated to the northeast of this fault at shallow to moderate depths beneath gravel and Tertiary volcanic rocks.  Relatively thick zones of low-level gold, as well as intrusive dikes and silicified Paleozoic rocks, have also been intersected in drilling.  Drilling on the footwall, or west side, of the fault is sparse, and the Lower Plate rocks lie deeper there.

Potential for shallow to deep deposits of gold and a possible northern extension of the Gold Bar feeder zone are indicated by regional gravity data.  Competitors continue to hold their land adjacent to Three Bar, and Bravo will continue to monitor exploration activity in the area.