| Announcement Date: | 2023-01-23 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Bravada Gold Corp. |
| Project name: | Wind Mountain |
| Location: | United States |
| Commodities: | Gold,Silver |
| Highlight: | PEA result incl. Post Tax NPV (5%) of USD $46.1M & IRR of 38% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | RESPEC Company LLC (“RESPEC”), formerly Mine Development Associates (“MDA”), has prepared this updated technical report on the Wind Mountain gold-silver project, located in the state of Nevada, at the request of Bravada Gold Corporation (“Bravada”). Bravada was formed as a spin-off of Bravo Gold Corporation’s Nevada property holdings and began trading in May 2010. In August 2010, Bravada announced its intention to merge with Fortune River Resource Corporation (“Fortune River”), who held the Wind Mountain project through its wholly owned subsidiary Rio Fortuna Exploration (U.S.), Inc. (“Rio Fortuna”), to form an amalgamated company that retained the name “Bravada Gold Corp.”; the merged company began trading in January 2011. Rio Fortuna is now a wholly owned U.S. subsidiary of Bravada. Bravada is referred to in this report as “Fortune River,” “Rio Fortuna,” or “Bravada,” as appropriate for the subject and date discussed. The purpose of this technical report is to provide an updated mineral resource estimate and Preliminary Economic Assessment (“PEA”) for the Wind Mountain gold-silver project for Bravada. This report and the resource estimates have been prepared in accordance with the disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”), Companion Policy 43-101CP, and Form 43-101F1, |
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