Bravada Gold Corporation, through its wholly owned US subsidiaries Bravo Alaska, Inc. and Rio Fortuna Exploration (U.S.), Inc., controls 10 exploration properties, (approximately 6,500 hectares or 25 square miles) in several of Nevada's productive gold trends; several of the properties are drill-ready.
Bravada believes these properties have characteristics of very large Carlin-type gold deposits or rich low-sulfidation gold/silver deposits. Underlying payments are reasonable and royalties generally are, or can be reduced to, 1% NSR or lower.
Very large Carlin-type gold deposits occur in “Lower Plate” Paleozoic sedimentary rocks along two major trends in Nevada; the Carlin trend and the Battle Mountain-Eureka trend. Deep crustal features are believed to be responsible for these trends. Along the trends, deposits further cluster as districts and sub-districts. A striking characteristic of the largest Carlin-type gold deposits is their ever-present association with smaller gold deposits that have similar alteration and geochemical signatures. For example, relatively small gold deposits were discovered at and around the Cortez mine decades before discovery of the much-larger Pipeline and Cortez Hills deposits. Goldstrike and Turquoise Ridge are other very large deposits that were discovered long after nearby small satellite deposits were placed into production.
Low-sulfidation gold and silver deposits are another important deposit type in Nevada and elsewhere in the world. These types of deposits are among the most profitable types of precious metal deposits. Such deposits in Nevada include Midas, Sleeper, Sandman, Comstock, and many others.