BRAVO VENTURE GROUP INC. (TSXV: BVG) FOLLOW-UP N° 4 /June 24, 2009
| BRAVO VENTURE GROUP : RETURN ON CAD 10,000 INVESTMENT | |||||
| Purchase Date | No. of Shares | Purchase Price | Cost (CAD) | Price Today | Value Today |
| October 21, 2005 | 23'000 | 0.44 | 10'120.00 | ||
| Total | 23,000 | 0.44 | 10'120.00 | 0.49 | 11'270.00 |
| Profit | 1'150.00 | ||||
| Profit (in %) | 11% | ||||
| SHARES OUTSTANDING / FULLY DILUTED | MARKET CAP |
| 119.8 Million / 156.6 Million | CAD 39.7 Million |
| 52 WEEK LOW / HIGH | TSXV |
| CAD 0.18 to 0.61 | 229,400 (200-day) |
| RECOMMENDATION | RISK RATING |
| BUY | HIGH |
DISCOVERY OF NEW GOLD DEPOSITS IN BRITISH COLUMBIA, ALASKA AND NEVADA
Business Summary
Bravo's exploration activities are focused within North America, specifically in N.W. British Columbia, Nevada, and S.E. Alaska.
The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a 2006 NI43-101 compliant technical evaluation which reported an inferred resource of 900,000 oz/gold.
The 2008 exploration program consisted of an extensive 42-hole, 8,400 meter multi-rig drill program that continues to demonstrate continuity of mineralization that remains open down dip and along strike to the southeast and northwest.
A similar drill program will start during the summer, 2009.
The Woewodski Island prospect in S.E. Alaska is a precious-metal rich VMS target, which lies within a mineralized trend that hosts both the Greens Creek and Windy Craggy VMS. A short drill program is planned during Q2/Q3.
As well the company has acquired a substantial land package consisting of thirteen properties located in the Battle Mountain/Eureka trend, Nevada.
Projects
The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a NI43-101 compliant technical evaluation which reported an inferred resource of 900,000 oz/gold.
An aggressive +7,500 meter multi-rig drill program will start late Q2.
The Woewodski Island prospect in S.E. Alaska is a precious-metal rich VMS target, which lies within a mineralized trend that hosts both the Greens Creek and Windy Craggy VMS.
The Battle Mountain/Eureka trend, Nevada.
The company has or can acquire a 100 percent interest in thirteen projects totaling approximately 41 square miles within the South Battle Mountain/Eureka trend. Bravo is targeting Carlin Type sediment-hosted gold prospects along trend of the Cortez Hill, Pediment and ET Blue discoveries.
Recent News: Drill Mobilizes to Bravo's Woewodski Island VMS Project in Alaska
Bravo Venture Group Inc. reported that a diamond drill rig and field crews have been mobilized on the Company's Woewodski Island precious-metal rich VMS project in southeastern Alaska, where Bravo is planning to drill two to three core holes for approximately 1,000 meters at an estimated cost of US$400,000.
The program is designed to test the central, east-west trending axis of the East Lake "paleo-graben", where surface mapping, 3D IP geophysics and recent drilling have successfully delineated the dimensions of the graben and semimassive to massive sulphide horizons around its perimeter. To date, only shallow targets within the host stratigraphy have been tested.
The new geologic model interprets surface exposures and previous drill intercepts of VMS-style base and precious metals, hosted by "mine argillite", as occurring along the northern and southern margins of an east-west-oriented paleo-graben. The center of that graben, where the thickest accumulations of massive sulfide are expected to occur, has never been tested by drilling. The mineralization at East Lake is in the same package of Triassic-age rocks that host the Greens Creek mine (24Mt of 13.9% Zn, 5.1% Pb, 5.8g/t Au and 730g/t Ag) (1) in a very similar geologic setting.
Fundamental Considerations
Homestake Ridge
THE EXTENSIVE DRILL PROGRAM FOR 2009 HAS THE OBJETIVE TO EXPAND AND TO DEVELOP THE KNOWN RESOURCE AND TO EXPLORE THE SATELLITE ZONES.
CONSIDERING THE OUTSTANDING DRILL RESULTS SHOWN ABOVE, THE POSSIBILITY THAT THE PRECENT INFERRED RESOURCE, WHICH DATES FROM 2007, COULD EASILY DOUBLE OR TRIPLE, MAKES BRAVO VENTURE AN EXCELLENT EXPLORATION SPECULATION WITH LIMITED DOWN-SIDE RISK.
AT THE BEGINNING OF 2007, WHEN THE COMPANY ANNOUNCED OUTSTANDING DRILL-RESULTS, THE SHARE PIRCE OF BRAVO REACHED CAD 1.92, BUT FELL SUBSEQUENTLY TO CAD 0.18 BY NOVEMBER 2008 RESULTING IN A LOSS OF 90%. THE SHARE PRICE HAS SINCE MORE THAN DOUBLED BUT IN CASE THE DRILLING PROGRAM FOR THE SUMMER OF 2009 SHOULD YIELD FURTHER OUTSTANDING RESULTS, THE SHARE PRICE COULD MOVE SIGNIFICANTLY HIGHER.
Technical Considerations
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Disclosure:
The author has not been paid to write this article, nor has he received any other inducement to do so.
Disclaimer:
The author's objective in writing this article is to invoke an interest on the part of potential investors in this stock to the point where they are encouraged to conduct their own further diligent research. Neither the information nor the opinions expressed should be construed as a solicitation to buy or sell this stock.
Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions in the stock - or use their own brains.
In our opinion, the best approach is to buy a diversified portfolio of stocks like THE TIMELESS PRECIOUS METAL FUND or THE SIERRA MADRE GOLD & SILVER VENTURE FUND instead of shares of only a small number of companies.
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