Resource In-fill Holes And Exploration Holes At Feeder Target

VANCOUVER – Bravada Gold Corporation has completed the announced reverse-circulation drilling program at Wind Mountain Au/Ag Project in northwestern Nevada. The program totaled 2,186.8 meters and consisted of two separate components: In-filling drilling portions of the existing oxide resource where shallow, higher-than-average gold and silver grades are expected. A total of 13 holes (1,324.3 meters) were completed, and drill samples are at the assay lab with assays expected in 3-5 weeks. The Company is re-assessing the shallow and oxidized, disseminated gold and silver resource at Wind Mountain, beginning with the now-completed in-fill drilling in an area that could evolve into a Phase I starter pit. The goal is to complete an update to the resource and PEA by Q1 2022; and Completing next-stage exploration drilling at the Feeder Target by offsetting the vein zone encountered in hole WM20-102, which intersected 1.5 meters of 4.5g/t Au-eq (0.404g/t Au and 269.0g/t Ag) within a thicker interval of quartz veining with anomalous gold and silver mineralization. Three of the holes offset the WM20-102 vein zone below and a short distance along possible strike to determine its orientation. A fourth hole was added to the planned program to test the on-strike projection of the vein zone approximately 400m along strike to the northeast. All four holes, totaling 862.5 meters, intersected quartz veining below the elevation of the WM20-102 intercept, and all encountered encouraging vein textures ranging from delicate banding to strong hydrothermal brecciation, and with some chips exhibiting quartz-after-calcite boiling texture. Samples have been delivered to the assay lab and analyses are expected in 6-8 weeks.

President, Joe Kizis, said, “Our geological model for a feeder vein at Wind Mountain appears to be generally correct based on the vein textures noted above and silica mineralogy transitioning from lower temperature chalcedony high in the holes to higher temperature quartz lower in the recent drill holes; however, we will be anxiously awaiting assays to determine any economic significance. After verifying the likely orientation of the vein zone with the first three drill holes, we took a rather large step-out to assess continuity of the covered vein zone along its projection. The fourth hole is approximately 400m to the northeast of WM20-102 and approximately 250m southwest of a shallow, historic ‘condemnation’ drill hole that intersected strongly anomalous gold and silver at a shallow depth along projection of the WM20-102 vein zone.”