The Company is re-assessing the shallow and oxidized, disseminated gold and silver resource on the Wind Mountain property, starting with in-fill drilling in several under-drilled areas that could inexpensively add higher grade resource.
Based on our paleo-reconstruction, the depth of the vein zone intersected in WM20-102 is estimated to be less than 150 metres below the paleosurface, consistent with other observations of being in the shallow part of the mineralizing system with the strongest gold mineralization occurring deeper.
The Wind Mountain Property is in northwestern Nevada approximately 160km northeast of Reno in a sparsely populated region with excellent logistics, including county-maintained road access and a power line to the property.
Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves.
Note that although the PEA was encouraging, it is preliminary in nature, it includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.
Bravada’s value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.
Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals.
These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company’s projects, and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.