Bravada Commences Drill Program at Wind Mountain Gold Project, Nevada
Bravada has commenced drilling at Wind Mountain ahead of the scheduled Q3 Preliminary Economic Assessment release.
Bravada Gold Corporation has initiated a 2,300-meter reverse-circulation drill program at its Wind Mountain Gold Project in Nevada. The company also staked 60 new claims, expanding its land position by nearly 50% to approximately 1,490 hectares (3,600 acres).
The drilling campaign targets two primary objectives. The first involves converting historic waste dumps into resources through 31 holes drilled to depths of 7-30m. The second objective aims to expand the resource at the Wind and Breeze pits via 16 holes drilled to depths of 60-210m. The program utilizes a casing advance technique for the dump portions and is expected to be completed by the end of Q3 2026.
An updated Preliminary Economic Assessment (PEA) remains on schedule for release in the third quarter of 2026.
Bravada Gold Corporation (BVA) released a routine positive update that aligns with the development timeline previously outlined in its June 15, 2026 operations update. The announcement confirms management's commitment to advancing the Wind Mountain project from exploration toward the Pre-Feasibility Study (PFS) stage.
There are no new surprises, unexpected catalysts, or material changes to the project's economics or timeline. The land expansion is incremental and supports future heap-leach infrastructure planning for the upcoming Preliminary Economic Assessment (PEA). The market impact is expected to be neutral to mildly positive, as the market already priced in the Q3 PEA release and the drilling program.
Bravada Gold Corporation (TSX.V: BVA) is a development-stage gold and silver explorer focused on the Wind Mountain Gold-Silver Project in Northern Nevada. The project is a brownfield oxide heap-leak operation with a history of production, yielding approximately 300,000 ounces of gold and more than 1.7 million ounces of silver between 1989 and 1999.
A 2022 Preliminary Economic Assessment (PEA) outlined a 4.2-year mine life, a $66 million net present value at a 5% discount rate, a 38% internal rate of return, and $1,045 per ounce cash costs at a gold price of $1,750 per ounce.
The company’s updated resource estimate, released in September 2025, significantly increased inferred resources, with gold up 292% and silver up 490%. This update extended the projected mine life to over 10 years at a throughput of 20,000 tonnes per day. Bravada Gold holds a 2% net smelter return royalty to Agnico-Eagle, with 1% of that royalty purchasable for $1 million prior to production.