Bravo wheels and deals in Nevada

Vancouver – Bravo Venture Group (BVG-V) has struck an exploration and development deal with Placer Dome (PDG-T) on the junior’s Pete Hanson project in Nevada’s Battle Mountain-Eureka trend. This represents Bravo’s fourth such deal with Placer Dome on its ten properties in the prolific gold trend.

The recent agreement covers the 139-claim Pete Hanson project located some 2 km east of Tonkin Springs.Bravo’s work over the past year has identified possible dissolution breccia-type mineralization and Carlin-type mineralization hosted by Devonian and Silurian carbonates on the property.

The claim block is believed to be underlain by rocks of the Upper Devils Gate, the Upper Denay, the McColley Canyon and the Roberts Mountains formations.

The lower plate rocks and jasperoids are exposed locally on the property which is mostly covered by gravel. The favourable stratigraphy coincides with a set of cross-cutting lineaments believed to be prospective for gold mineralization.

After paying Bravo an initial US$35,000, Placer Dome can earn 51% by spending US$1 million on the property after which it may earn another 19% by taking the project to feasibility.

Last October, Bravo struck similar agreements on its Three Bar, South Gold Bar and South Lone Mountain claims blocks.

Bravo added to its South Lone Mountain property after an analyis of oil well cuttings in February revealed a 120-foot gold mineralized section of the Roberts Mountains formation.

Last week the company picked up the Mountain Boy project in the south Battle Mountain-Eureka trend. The claim blocks lie west and southwest of Barrick’s past-producing Ruby Hill mine.

The Ruby Hill mine produced 670,000 oz. gold between 1997 and 2002 and Barrick plans to renew open-pit mining by 2007.

Previous exploration drilling at Mountain Boy in the 1980s and 1990s intersected extensive areas with grades between 0.3 to 1 gram gold in flat-lying stratigraphic units.

Bravo believes that little attention was directed toward possible high-angle feeder fault zones on the property and plans to test for structurally controlled mineralization, such as that at Placer Dome’s Cortez Hills deposit.