Bravada Gold (BVA.V) has confirmed drilling is now underway on its Wind Mountain gold-silver project in Nevada, where three or four holes will try to intersect the feeder zone of the large hydrothermal system which is the source of the existing (low-grade) oxide resource estimate (which contains 570,000 ounces of gold in the indicated category at 0.343 g/t gold in the oxide layer and 354,000 ounces of gold in the inferred resource category at an average grade of 0.206 g/t in the oxide layer).
According to the company, the feeder target is the likely source of the hydrothermal fluids that deposited the gold-silver mineralization at surface and the company will use all available data, including the data from the 2017/2018 deep holes, to try to hit the feeder zone, which has not been discovered yet.
Additionally, the company has confirmed partner OceanaGold (OGC.TO) has dropped the Highland gold project (also in Nevada) where it had signed an agreement to earn a majority stake from Bravada Gold. The 2020 exploration program at Highland consisted of mapping and sampling while two core holes were drilled at the Big Hammer target, where the companies were trying to figure out what was hiding underneath the surface. The first hole only encountered weak alteration and according to Bravada, the low levels of gold and pathfinder geochemistry indicate there’s no proximity to gold mineralization. The second hole at Highland did intersect some anomalous gold and arsenic values, but that hole was terminated prior to reaching the F4 level (fault number four). Bravada Gold is now planning to complete hole 2 by themselves to try to reach the originally anticipated depth, and we will follow up with CEO Joe Kizis to discuss the relevance of the anomalous gold and to check up on Bravada’s own exploration plans.
Disclosure: The author has a long position in Bravada Gold. Bravada is a sponsor of the website. Please read our disclaimer.