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BRAVO VENTURE GROUP INC. (TSXV: BVG) FOLLOW-UP N° 4 /June
24, 2009
Home page of BVG
2 Year Chart
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BRAVO
VENTURE GROUP : RETURN ON CAD 10,000 INVESTMENT
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Purchase Date
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No. of Shares
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Purchase Price
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Cost (CAD)
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Price Today
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Value Today
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October 21, 2005
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23'000
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0.44
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10'120.00
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Total
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23,000
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0.44
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10'120.00
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0.49
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11'270.00
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Profit
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1'150.00
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Profit (in %)
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11%
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SHARES
OUTSTANDING / FULLY DILUTED
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MARKET
CAP
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119.8
Million / 156.6 Million
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CAD
39.7 Million
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52
WEEK LOW / HIGH
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TSXV
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CAD
0.18 to 0.61
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229,400
(200-day)
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RECOMMENDATION
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RISK
RATING
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BUY
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HIGH
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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
Peter Zihlmann
The Timeless Precious Metal Fund
Peter Zihlman is
an independant Swiss asset manager, who manages the Timeless Precious Metal
Fund and the Sierra Madre Gold and Silver Venture Fund.
Disclaimer: P.
ZIHLMANN INVESTMENT MANAGEMENT AG does not accept any liability for any loss
or damage whatsoever, that may directly or indirectly result from any advice,
opinion, information, representation or omission, whether negligent or
otherwise, contained in the trading recommendations or in any accompanying
chart analyses, whether communicated by word, or message, typed or spoken by
any of its employees.
Information
contained herein is obtained from sources believed to be reliable, but its
accuracy cannot be guaranteed. It is not intended to constitute individual
investment advice and is not designed to meet your personal financial
situation. The opinions expressed herein are those of the author and are
subject to change without notice. The information herein may become outdated
and there is no obligation to update any such information. The author,
24hGold, entities in which they have an interest, family and associates may
from time to time have positions in the securities or commodities discussed.
No part of this publication can be reproduced without the written consent of
the author.
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