Bravura Ventures sees potential for a low-cost gold mine in Idaho
ZURICH, SWITZERLAND / ACCESSWIRE / October 4, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage on Bravura Ventures Corp. (CSE: BVQ; market capitalization: $7 million CAD).
With less than 16 million shares in the market and a current market valuation of $7 million CAD, Rockstone Research is initiating coverage on Bravura Ventures Corp. The company is led by a diversified team of professionals with combined backgrounds in finance, mining, acquisitions and exploration experience including, due diligence, permitting and advanced stage planning.
According to its website, Bravura is currently in the process of reviewing potential property acquisitions and joint ventures.
A month ago, in early September, Bravura acquired the Musgrove Creek Property, an advanced gold exploration project located in Lemhi County, Idaho (USA), approximately 24 km southwest of the Beartrack Gold Mine previously operated by Meridian Gold Inc. and producing about 600,000 ounces ("oz") of gold in 7 years with a cost of $190-200 USD/oz.
Musgrove Creek is a low-cost, open-pit gold opportunity looking to increase its historic resource (314,000 oz gold averaging 1.22 g/t gold at a 0.8 g/t cut-off) and to upgrade it into a NI43-101 compliant resource. Latest exploration activity conducted at Musgrove Creek was focused on adding to that resource with the objective of establishing a mineable deposit.
Planned exploration activity by Bravura will be focused on confirming, defining and expanding upon known mineralization, with the objective of delineating a current mineral resource. An updated NI43-101 report is currently being prepared.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/Bravura1en.pdf
English (web version):
German (PDF):
http://rockstone-research.com/images/PDF/Bravura1de.pdf
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Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
