Bravo Venture Group Inc
BRAVO VENTURE GROUP INC.
May 10th, 2007 BVG-TSX.V
Frankfurt: B6I
NR-08-07
Woewodski Exploration Plan Approved
Bravo Venture Group Inc. reported today the US Forest Service has issued a Decision Memo approving Bravo’s Plan of Operations for the 2007 mineral exploration activities on Woewodski Island in south east Alaska. The Decision Memo, which becomes effective after 45 days from issuance, is scheduled to be confirmed by June 11th, at which time Bravo will proceed with its’ planned exploration program.
The 2007 exploration program will target both gold prospects along the western and southern margins of the Woewodski Island and VMS targets in the central and southern portions of the island. Bravo anticipates 2,400 metres of drill testing on three main target areas in 2007 as well as surface geophysical surveys, surface sampling and mapping on multiple gold and massive sulphide occurrences throughout the island. Initial work including surface gravity geophysics have already commenced in preparation for drill testing scheduled to be underway by mid June.
Blue Quartz Targets
Two prospects along the 400 metre long Blue Quartz trend have been targeted for immediate drill testing. Up to 600 metres of drilling is anticipated on the Matt’s Trench prospect where values of up to 542g/t (14.3oz/t) were returned from float and rubble outcrop samples (see NR-20-06). An additional 600 metres of drilling is scheduled to test the Miami Beach prospect where large volume chip and channel samples (10 to 20 kg) of several individual veins returned values from 2.7g/t to 9.1g/t Au and select chip samples with values up to 49.5g/t Au.
Surface exploration will continue on the nearby Krause’s and Virginia gold-quartz vein occurrences in anticipation of drill testing, if warranted, later in the program.
Red Quartz Zone
Surface work on the Red Quartz target continues to highlight the potential of this target which can now be traced via a series of discontinuous exposures for up to 500 metres strike length. Previous sampling by Bravo has identified 1g/t Au (up to 3.8g/t Au) in 13 of 30 select chip samples with strongly-enriched silver values (from 17.8 to 91.3g/t Ag) in eight of these samples. Assay results from sampling of the most recently identified exposures along this trend are pending.
Gold mineralization at Red Quartz has a strong association with elevated Ag, As and Sb values, which is in sharp contrast to the relatively low values of silver and pathfinder elements typically associated with gold mineralization in the blue quartz veins. The recent identification of quartz-after-calcite, and druzy and banded quartz provide textural evidence of boiling within an epithermal environment. Up to 600 metres of drill testing is anticipated on this target as part of the 2007 exploration program. Surface sampling and mapping will continue in order to refine additional drill targets along the full 500 metre strike length.
East Lake VMS
Surface gravity geophysics has commenced on the East Lake VMS prospect in the central part of the island with up to 10 line-kilometers of detailed IP geophysics scheduled for the middle to latter part of June. Previous exploration on the prospect has identified a well preserved Late Triassic volcanic and sedimentary stratigraphy and a series of strong east west-trending EM conductors within the East Lake basin. Argillitic rocks hosting broad intervals of base-metal and precious-metal enriched iron sulphides occur both on surface and in drill intercepts with grades up to 3.3m of 4.2g/t Au and 4.68%Zn identified in historic drilling. Up to 800 metres of drilling is anticipated as follow-up to the geophysical targeting.
Woewodski Island
The Woewodski Island Project comprises 501 Federal claims and three State claims covering 3260 hectares in southeast Alaska in which Bravo may acquire a 100% interest. This “deep-water, tide-water” property is located approximately 30km SSW of Petersburg Alaska and includes over 13 syngenetic VMS and gold-quartz vein targets and is hosted within the same volcanic-sedimentary rocks which host the both the Green’s Creek, Alaska and Windy Craggy, British Columbia VMS deposits and orogenic gold quartz veins at the Kensington Mine near Juneau, Ak.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.
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Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at .
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
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