Bravura Ventures aligns itself with Golden Predator and aquires the high-grade Grew Creek Gold Project in the Yukon
ZURICH, SWITZERLAND / ACCESSWIRE / October 24, 2016 / With approximately 20 million shares and a current market capitalization of $7 million CAD, Bravura Ventures Corp. (CSE:BVQ) has aligned itself with Golden Predator Mining Corp. (GPY.V). Today, Bravura has announced to option up to 90% of the high-grade Grew Creek Project in the prolific Watson Lake Mining District in southeast Yukon, Canada, with grades as high as 132 g/t gold and 907 g/t silver.
Since 2010, Golden Predator has drilled 70 holes over 19,000 m and was able to demonstrate extremely high-grade gold mineralization over remarkable lengths, such as 68 m @ 5.96 g/t gold (at 32 m depth), 146 m @ 1.72 g/t gold (at 40 m depth) and 92 m @ 2 g/t gold (at 60 m depth). At depths of 130 m, drilling showed 47 m @ 3.78 g/t gold.
For comparison: Gold Standard Ventures Corp., which Rockstone introduced as early as 2011, recently assayed as much as 126 m @ 3.95 g/t gold (at 165 m depth) at its Nevada project and currently enjoys a market capitalization in excess of $700 million CAD.
In fact, Grew Creek has strong similarities with the large and high-grade epithermal gold deposits in Nevada, such as the Midas Mine (+5 million ounces of gold @ ~17 g/t gold). William Sheriff, Golden Predator's Chairman, once said: "Being in the Yukon is like being in Nevada when the Carlin trend was identified but knowing what is coming. If you see the potential and know what is possible, how much of this would you want?"
Bravura's highly experienced management team around CEO Greg Burns already proved a few weeks ago with the acquisition of the Musgrove Creek Gold Project in Idaho, USA, to be capable of acquiring world-class gold projects for immediate development. An increased newsflow in the upcoming weeks is anticipated as exploration has already started at Musgrove Creek.
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SOURCE: Rockstone Research
