(Updated February 4th, 2021)
The Pete Hanson property is situated approximately 56km northwest of the town of Eureka, Nevada and is in the heart of the Battle Mountain – Eureka Gold trend. It is situated about 13km northwest of the Gold Bar Satellite Deposits and 6km east of the Tonkin Springs Deposits. Cortez, Pipeline and the Cortez Hills/Pediment Properties, all multi-million ounce gold discoveries, are centered approximately 40km northwest of Pete Hanson Creek. Bravada owns 30 unpatented mining claims subject only to a 1% NSR, half of which (0.5%) can be bought for US$3 million.
The Pete Hanson claims cover the southeast margin of a north-trending, pediment-covered basin and a portion of the uplifted Roberts Mountains. Silicification and widespread anomalous gold and pathfinder geochemistry establish the presence of a strong Carlin Gold system that has affected Lower Plate carbonate rocks. Exposed Lone Mountain Dolomite, a massive, unreactive carbonate that is not a favorable host rock, is strongly altered and geochemically anomalous along certain faults.
A north-trending structure, approximately coincident with a range front fault is targeted for drilling. The target is also cut by a northeast trending fault, which appears to have affected alteration and mineralization. Strongly anomalous gold mineralization has been detected in surface exposures and in shallow historic drill holes. The feeder structures that fed this mineralization are projected to cut the Roberts Mountains Formation at relatively shallow to moderate depths (<400m). Large, high-grade gold deposits may have been deposited where these feeders cut the prospective Roberts Mountains and McColly Canyon Formations.