VANCOUVER, July 19, 2017 /CNW/ - Bravura Ventures Corp. (CSE: BVQ; OTC: BRVVF; FRA: 23B) ("Bravura" or the "Company") announces its plans to carry out a basal till sampling program on the Grew Creek Gold Property (collectively, the "Grew Creek Property" or the "Property"), located in the Watson Lake Mining District in southeast Yukon.
The program will be designed to test gold values in basal glacial till in areas of mineral potential outside of the known high-grade Carlos Zone. The thick till cover on the property presents a difficult exploration challenge in finding other mineralized zones as it prohibits trenching and conventional geochemical surveying methods. Limited basal till sampling was performed on the project previously and identified several till layers. The basal pre McConnel till will be the target for this sampling Program. The Program will utilize an RC drill rig to complete a thorough study and results will be interpreted considering ice-flow direction.
About the Grew Creek Property:
- Bravura holds an option to acquire 90% of the Grew Creek Project from Golden Predator
- Current Class 3 Exploration Permit
- 19,000 m in 70 drill holes since 2010 by Golden Predator, highlights include:
- GCRC11-3281: 68.0 m of 5.96 g/t gold and 24.1 g/t silver
- Including 4.0 m of 63.15 g/t gold and 344 g/t silver
- GC10-0012: 146.3 m of 1.72 g/t gold
- Including 3.1 m of 17.93 g/t gold
- Including 32.2 m of 2.80 g/t gold
- Including 15.7 m of 2.90 g/t gold
- GC11-2813: 92.0 m of 2.02 g/t gold
- Including 44.0 m of 3.09 g/t gol
Note: All the above intersections are stated as down hole intercepts and not true thickness
1 - Americas Bullion News Release dated February 23, 2012
2 - Americas Bullion News Release dated October 25, 2010
3 - Americas Bullion News Release dated July 5, 2011
- Exploration expenditures of more than $4.7 million by Golden Predator since 2010.
- Year-round access in southeast Yukon, less than 1 km from gravel highway with powerlines crossing the project area
The near surface Carlos zone is the largest known area of gold mineralization on the property measuring 300 m along strike, 100 m wide and open at depth below 400 m and is defined by core and RC drilling. The Grew Creek Property is located adjacent to the Robert Campbell highway between Faro and Ross River and consists of 670 contiguous quartz claims totaling approximately 110 km² which are owned 100% by Golden Predator (subject to a 4% NSR). The property lies within the Tintina Gold Belt, an extensive regional system of dextral strike-slip faults which host multiple gold prospects and mines.
The Tertiary stockwork epithermal gold mineralization at Grew Creek is hosted in Eocene felsic volcanics within a 4 km wide grabben. Stratigraphy consists of silicic-pyroclastics and epiclastic sediments bound by mafic lavas and overlain by Pleistocene gravels. Mineralization at the Carlos zone occurs within silicic/phyllic altered volcanoclastics along a steeply dipping structural zone as electrum with lesser eugenite in banded epithermal quartz-carbonate-Kspar veins.
2.5 km southeast of the Carlos Zone, chalcedonic coliform quartz, geochemical path finders and trace gold mineralization have been found within epiclastic rocks at the underexplored Knoll Zone.
The property wasstaked in 1983 by Al Carlos and has seen geological mapping, geophysics, geochemical sampling, trench and over 290 drill holes with a composite length of more than 57,000m.
Michael Waldegger, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and approved the contents of this press release.
BRAVURA VENTURES CORP.
ON BEHALF OF THE BOARD OF DIRECTORS OF BRAVURA VENTURES CORP.
Ken Tollstam, Director
Disclaimer for Forward-Looking Information
Historical data for the prospects were performed under supervision of a Professional Engineer or a geologist, and believed to be of good quality, with drill core and underground sampling results from fire assay analyses by B.C. Certified Assayers.
This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company's mineral projects. Forward-looking information may be, but not always, identified by the use of words such as "seek", "anticipate", "plan", "planned", "continue", "expect", "thought to", "project", "predict", "potential", "targeting", "intends", "believe", "opportunity", "further" and others, or which describes a goal or action, event or result such as "may", "should", "could", "would", "might" or "will" be undertaken, occur or achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property and includes that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to the Company's ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the CSE may not approve the transaction, and other factors beyond the control of the Company.
Additional information on risks and uncertainties can be found within Financial Statements and other materials found on the Company's SEDAR profile at www.sedar.com. Although Bravura has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Bravura withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
SOURCE Bravura Ventures Corp.
For further information: 800 - 1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5, Tel.: 604.283.1722 / Fax: 1.888.241.5996