Bravada Gold (BVA.V) has released the assay results of the final few holes drilled on its Wind Mountain project in Nevada. In our interview with President Joe Kizis (which you can read HERE), we already discussed how the first batch of assay results seemed to indicate higher gold grades over thicker intervals than what had been assumed to put the resource estimate together, almost 10 years ago.
Some of the highlights are for instance 65.5 meters containing 0.43 g/t gold (starting at a depth of just 21 meters down hole) including a thicker interval of almost 14 meters of just over 0.7 g/t gold starting at just 50 meters downhole. But as you can see above, hole 110 wasn’t even the best one: hole 111 is also exceptionally strong with almost 78 meters of just under 0.52 g/t gold starting at just 14 meters downhole after the first 14 meters in that same hole also encountered gold mineralization above the cutoff grade (13.7 meters at 0.36 g/t gold). While the true thickness of the system remains unknown at this point, the company expects it to be 70% or higher so it should indeed be easy to really upgrade the existing resource as we should see an uptick in both tonnage as well as the average gold grade, resulting in an increase in the total amount of ounces from the current 924,000 ounces gold and almost 25 million ounces silver (in a 60/40 division between indicated and inferred resource categories.
Disclosure: The author has a long position in Bravada Gold and is participating in the current placement. Please read our disclaimer.