Bravada Gold (TSXV: BVA) (OTCQB: BGAVF) today announced an option/joint venture agreement has been fully executed with OceanaGold, giving the company the option to earn up to a 75% interest in Bravada's Highland gold-silver project in Nevada's Walker Lane Gold trend.
The Highland project consists of 102 Federal lode claims for a total of approximately 825 hectares and is located along the Walker Lane Gold trend of western Nevada. Previous drilling by Bravada's subsidiary intersected vein zones with locally high-grade intercepts; the Company's best hole intersected 1.5 meters of 66.9 grams of gold per tonne and 397.7g/t silver within a 12.2m intercept of 9.5g/t gold and 109.4g/t silver, with true thicknesses estimated at 65% of the intervals.
"Highland is an excellent example of Bravada's business model, which is to identify and advance early-stage, potentially high-margin gold/silver deposits in Nevada to a point that joint-venture partners then further advance the property through a combination of providing significant project funding and adding technical expertise," Bravada president Joe Kizis said in a media release.