Click here (http://bravadagold.com/docs/12WM_Intercepts_DrillingProgramSummary.pdf) to view the table.
Zephyr Exploration Target - Two vertical scout holes were drilled to 183 meters and 133 meters depth, respectively, in this large, alluvial-covered area. Neither hole intersected the targeted host rock; however, overlying lake sediments contain long intervals of anomalous gold and silver (20-80ppb gold and 1-5ppm silver). These concentrations are similar to the values encountered in lake sediments that overlie the DeepMin resource. A gravity geophysical survey was conducted in December over the Zephyr target and is being interpreted to identify structures and basement highs that could represent silicified rock at shallow depths. Follow-up drilling is being planned for Q2-Q3 2013.
North Hill Exploration Target - Drill holes tested the alluvium-covered, down-dip projection of shallow, oxide mineralization of the North Hill deposit. Unfortunately, the mineralized horizon was eroded prior to being covered by alluvium, limiting the size of the resource at North Hill. This area will now be evaluated as a heap leach site, which should reduce operating costs compared to costs attributed to the site used in the 2012 PEA.
Click here (http://media3.marketwire.com/docs/bva109i.pdf) to view the map.
President Joe Kizis commented, "In addition to further drilling at Zephyr, we are developing other exploration targets designed to expand our existing resource with new deposits and extensions of known deposits. Drilling is expected to recommence Q1-Q2 2013, once targeting has been completed and permits have been modified."
In Other News
Terra Rossa Gold Ltd. has notified Bravada that it will not continue with its option to earn an interest in the Signal property, located approximately 6km west of Barrick's Ruby Hill gold mine in the northwestern portion of the Eureka district. Terra Rossa reportedly drilled nine core holes on two targets west of shallow, Carlin-style gold mineralization that was identified previously by Bravada. The Company will evaluate Terra Rossa's data upon receipt in January.
About Wind Mountain
The past-producing Wind Mountain gold/silver project is located approximately 160km northeast of Reno, Nevada in a sparsely populated region with excellent logistics, including county-maintained road access and a power line to the property. A Technical Report for an independent Preliminary Economic Assessment (PEA) and resource estimate was conducted by Mine Development Associates (MDA) of Reno and has been posted on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012).
Mine Development Associates compiled the technical report. Thomas Dyer, P.E. is a Senior Engineer for MDA and is responsible for sections of the technical report involving mine designs and the economic evaluation, and Steven Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the sections involving the Mineral Resource estimate. These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects.
About Bravada Gold Corporation
Bravada is a member of the Manex Resource Group of companies with an exploration office in Reno, from which it is exploring its extensive Carlin-type and low-sulfidation-type gold holdings strategically located within numerous productive gold trends in Nevada. Homestake Resource Corporation (TSX VENTURE: HSR) owns 10.19% of Bravada's 114,834,282 outstanding common shares.
Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors of Bravada Gold Corporation
Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation
For further information, please visit Bravada Gold Corporation's websites at www.bravadagold.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bravada Gold Corporation
604.641.2773 or Toll Free at 1.888.456.1112
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