# Bravada Updates In-Pit Resource for Wind Mountain Project, Nevada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada--bcb1fe41-5236-4760-bfed-44da1492f7bc Original source: https://money.tmx.com/en/quote/BVA/news/7593343010105113/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada Publisher: tmx Original announcement: 2025-09-09T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Bravada Gold Corporation - Ticker: BVA - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update - Extracted: 2026-09-15 15:19:37 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Bravada Gold Corporation has released an updated in-pit mineral resource estimate for the Wind Mountain project in Nevada, supported by an ongoing Pre-Feasibility Study. The update shows significant increases in both Indicated and Inferred resource categories, largely due to higher metal prices making previously classified waste mineralized and profitable. The estimate was prepared by RESPEC and is NI 43-101 compliant. Reasoning: Significant tonnage and metal growth in the Inferred category driven by higher metal prices and expanded pit optimization, though high Inferred component limits immediate economic confidence. - Positive factor: Indicated gold resource increased by 15% - Positive factor: Inferred gold resource increased by 292% - Positive factor: Inferred silver resource increased by 490% - Positive factor: Higher metal prices converted previous waste to profitable ore - Positive factor: QP/CP sign-off provided for NI 43-101 compliance - Negative factor: Inferred category remains a large component of the resource - Negative factor: Low metallurgical recoveries for mixed and unoxidized material Facts used in scoring: 4 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Inferred gold resource increased by 292% and silver by 490% compared to 2022 update. Evidence · text > Inferred Resources increased by 292% for gold and 490% for silver **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is prepared for the purpose of Canadian NI 43-101 standards. Evidence · text > Qualified Persons of the technical report for the purpose of Canadian NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource growth is in the Inferred category. Evidence · text > Inferred Resources increased by 292% for gold ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada--bcb1fe41-5236-4760-bfed-44da1492f7bc#fact-resource-facts-0) Wind Mountain · gold #### Identity - Project: Wind Mountain - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: BVA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Thomas Dyer, Michael Lindholm, Jeffery Woods - Resource group id: resource:42a6ef0b30a2ad5af8de - Deposit or zone: Wind Mountain - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 56604000 - Contained Metal: 543500 - Contained Unit: oz au - Cutoff Grade: 0.004 - Cutoff Unit: oz Au/ton #### Prior Estimate - Resource Date: 2025-09-03 #### Lab - Laboratory: RESPEC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-09-09T00:00:00.000Z Reasoning: Indicated gold resource shows growth compared to 2022 update. - Positive factor: 15% increase in Indicated gold vs 2022 Evidence · table > 0.010 Context: 56,604,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada--bcb1fe41-5236-4760-bfed-44da1492f7bc#fact-resource-facts-1) Wind Mountain · silver #### Identity - Project: Wind Mountain - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: BVA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Thomas Dyer, Michael Lindholm, Jeffery Woods - Resource group id: resource:42a6ef0b30a2ad5af8de - Deposit or zone: Wind Mountain - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 56604000 - Contained Metal: 14212000 - Contained Unit: oz ag - Cutoff Grade: 0.004 - Cutoff Unit: oz Au/ton #### Prior Estimate - Resource Date: 2025-09-03 #### Lab - Laboratory: RESPEC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-09-09T00:00:00.000Z Reasoning: Indicated silver resource shows growth compared to 2022 update. - Positive factor: 20% increase in Indicated silver vs 2022 Evidence · table > 0.25 Context: 56,604,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada--bcb1fe41-5236-4760-bfed-44da1492f7bc#fact-resource-facts-2) Wind Mountain · gold #### Identity - Project: Wind Mountain - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: BVA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Thomas Dyer, Michael Lindholm, Jeffery Woods - Resource group id: resource:b81098471017e9671c28 - Deposit or zone: Wind Mountain - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 16840000 - Contained Metal: 85900 - Contained Unit: oz au - Cutoff Grade: 0.004 - Cutoff Unit: oz Au/ton #### Prior Estimate - Resource Date: 2025-09-03 #### Lab - Laboratory: RESRES #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-09-09T00:00:00.000Z Reasoning: Massive expansion of Inferred resource due to price-driven conversion of waste to ore. - Positive factor: 292% increase in Inferred gold vs 2022 - Negative factor: High Inferred component Evidence · table > 0.005 Context: 16,840,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/bravada-updates-in-pit-resource-for-wind-mountain-project-nevada--bcb1fe41-5236-4760-bfed-44da1492f7bc#fact-resource-facts-3) Wind Mountain · silver #### Identity - Project: Wind Mountain - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: BVA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Thomas Dyer, Michael Lindholm, Jeffery Woods - Resource group id: resource:b81098471017e9671c28 - Deposit or zone: Wind Mountain - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 16840000 - Contained Metal: 2930000 - Contained Unit: oz ag - Cutoff Grade: 0.004 - Cutoff Unit: oz Au/ton #### Prior Estimate - Resource Date: 2025-09-03 #### Lab - Laboratory: RESRES #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-09-09T00:00:00.000Z Reasoning: Massive expansion of Inferred resource due to price-driven conversion of waste to ore. - Positive factor: 490% increase in Inferred silver vs 2022 - Negative factor: High Inferred component Evidence · table > 0.17 Context: 16,840,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.