Bravura signs definitive property agreement with Golden Predator for gold project
A Golden Predator employee checks out core samples from one of the company's mining projects. — Photo: Golden Predator
Bravura Ventures Corp. is pleased to announce it has entered into an Option Agreement (the "Option") dated October 24, 2016 with Golden Predator Mining Corp. ("Golden Predator") to acquire up to a 90% interest in and to certain mineral properties, together with the surface rights, mineral rights, personal property and permits associated therewith (collectively, the "Grew Creek Property" or the "Property"), located in the Watson Lake Mining District in southeast Yukon.
Highlights:
- Option to acquire 90% of the Grew Creek Project
- 19,000 m in 70 drill holes since 2010 by Golden Predator,
- Exploration expenditures of more than $4.7 million by Golden Predator since 2010
- Year-round access in southeast Yukon, less than 1 km from the highway with powerlines crossing the project area
Greg Burns CEO, commented, "The company is very excited in its latest option & welcomes the opportunity to align itself with a progressive company such as Golden Predator. We look forward to defining the next steps on this exceptional project."
The Company is excited to option & advance exploration of the Grew Creek Project in close association with Yukon focused Golden Predator who have a significant database on the project and well developed relationships with many Yukon First Nation groups. Golden Predator is well funded and focused on developing its high grade 3 Aces project.
About the Grew Creek Property:
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 was staked 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.
Qualified Person
Brandon Macdonald, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and approved the contents of this press release. Potential quantity and grades results disclosed in this press release are conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will results in the discovery of a mineral resource.. The historical estimates should not be relied upon until the Company can confirm them.
