Interview with CEO of Bravo Ventures:
http://www.smartstox.com/interviews/bvg.php
http://www.bravoventuregroup.com/
August 22, 2005
BRAVO AND PLACER DOME AGREE TO EXPLORE A FIFTH PROJECT IN THE BATTLE MOUNTAIN-EUREKA TREND
Bravo Venture Group Inc. reported today that the company has reached an agreement with Placer Dome Exploration Inc. (“Placer Dome”) , a wholly-owned subsidiary of Placer Dome Inc., whereby Bravo will fund the next phase of exploration on the Shoshone Pediment project . The project, located approximately 25 miles northwest of the Cortez Hills deposit along projection of the Cortez Fault zone, has potential for Cortez-style mineralization (e.g. Cortez Hills, Pediment, Hilltop), as well as low-sulphidation-style gold mineralization (e.g. Mule Canyon, Fire Creek). This becomes Bravo's eleventh property along Nev ada 's Battle - Mountain Eureka trend.
Developed by Placer Dome geologists, the early stage Shoshone Project consists of 148 claims (approximately four square miles). The area is largely covered by older Quatermary or Tertiary gravel. Rare bedrock exposures in the eastern portion of the claims consist of Devonian Slaven Chert , wi th interbeds of limestone. White Knight Resources Ltd.'s Slaven Canyon property is immediately to the southeast and Newmont's Mule Canyon Mine is approximately four miles to the northeast.
Under the terms of the agreement, Placer Dome will quitclaim the claims to Bravo in exchange for Bravo agreeing to fund and conduct the next phase of exploration. An exploration program has been agreed to by both Placer Dome and Bravo and will consist of Bravo paying land-holding costs, conducting geologic targeting, and drilling a minimum of 2,500 feet within the next two years. After Bravo spends U.S. $100,000, Placer Dome will then have a one-time right to fund the next U.S. $500,000, after which Placer Dome can elect to form a formal joint venture at 51%. Placer will then have the option to carry the property through a bankable feasibility study to earn an additional 19%.
The Shoshone Pediment Project brings to five the number of properties being jointly explored by Bravo and Placer Dome in the Battle -Mountain Eureka trend. In June 2005, Bravo and Placer Dome announced an agreement for Placer Dome to fund exploration on Bravo's Pete Hansen Project. In October 2004, Bravo and Placer Dome announced a funding agreement on Bravo's Three Bar, South Gold Bar and South Lone Mountain claims blocks.
On behalf of the Board of Directors
“Joseph A. Kizis”
Joseph A. Kizis Jr., Director, President
Bravo Venture Group Inc.
