Bravada provides update on Wind Mountain resource
Executive Summary
- Bravada Gold Corp. released an updated, independent in‑pit resource for the Wind Mountain project, showing a 15% increase in indicated gold and 20% increase in indicated silver versus the 2022 estimate.
- Inferred resources surged dramatically – +292% for gold and +490% for silver – driven by re‑classification of previously waste rock as economically viable due to higher metal prices.
- The updated resource will be filed on SEDAR+ within 45 days under NI 43‑101, supporting the company’s ongoing prefeasibility study and potential mine‑life extension.
Key Details
- Indicated Resources:
- Gold increased by 15%.
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Silver increased by 20%.
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Inferred Resources:
- Gold increased by 292%.
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Silver increased by 490%.
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The uplift is attributed to higher metal prices allowing previously classified waste rock to be considered profitable for mining and heap‑leach processing.
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Additional potential resources may be unlocked with further drilling at:
- North End target,
- South End target, and
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Historic “waste rock piles” containing recoverable gold and silver.
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Technical Report:
- Majority unchanged from the Jan 20 2023 report (summary & resource sections revised).
- Qualified persons: Thomas Dyer, PE; Michael Lindholm, CPG; Jeffery Woods, SME MMSA QP.
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Filing on SEDAR+ required within 45 days per NI 43‑101 regulations.
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Historical Context:
- Wind Mountain previously produced ~300,000 oz Au and >1.7 M oz Ag (1989‑1999).
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Bravada acquired the property via an earn‑in from Agnico‑Eagle; Agnico‑Eagle retains a 2% NSR royalty (with 1% purchasable for $1 M before production).
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Management Commentary:
- President Joe Kizis highlighted that the updated in‑pit resource reflects progress toward advancing Wind Mountain through the prefeasibility stage and underscores potential mine‑life extension via additional leach pads.
Notable Quotes
“The in‑pit resource is an important update of our progress.” – Joe Kizis, President & Director, Bravada Gold Corp.