by Greg Klein | October 24, 2016
High gold grades and wide, near-surface intercepts attracted Bravura Ventures CSE:BVQ to Golden Predator Mining’s (TSXV:GPY) Grew Creek project in southeastern Yukon. A 90% option announced October 24 would give Bravura the benefit of 290 holes totalling over 57,000 metres, including 70 holes and 19,000 metres sunk by Golden Predator since 2010.
A few highlights include:
- 5.96 g/t gold and 24.1 g/t silver over 68 metres, starting at 32 metres in downhole depth
- (including 63.15 g/t gold and 344 g/t silver over 4 metres)
- 1.72 g/t gold over 146.3 metres, starting at 40 metres
- (including 2.8 g/t gold over 32.2 metres)
- (including 2.9 g/t gold over 15.7 metres)
- (including 17.93 g/t gold over 3.1 metres)
True widths were unavailable.
The 110,000-hectare property’s Carlos zone measures about 300 metres along strike, 100 metres wide and remains open at depth below 400 metres. Bravura also sees potential at the underexplored Knoll zone, 2.5 kilometres southeast of Carlos. Located less than a kilometre from a highway, Grew Creek has powerlines passing nearby and year-round access.
“The company is very excited in its latest option and welcomes the opportunity to align itself with a progressive company such as Golden Predator,” remarked Bravura CEO Greg Burns. “We look forward to defining the next steps on this exceptional project.”
The 90% stake would cost Bravura $35,000 and 500,000 shares on closing, part of a total $950,000, two million shares and additional shares comprising 6% of the company within six years. Should Bravura define a resource estimate during that period, the company would pay Golden Predator an additional $50,000 and 500,000 shares. A second resource doubling the first would have Bravura issue 2% of its shares to the vendor. A 4% NSR applies.