Highlights include 21m at 9.34g/t PGM+Au, 116m at 1.59g/t PGM+Au, 5m at 16.40g/t PGM+Au, and 42m at 2.41g/t PGM+Au, 0.12% Ni
VANCOUVER, BC, Nov. 5, 2024 /CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") received assay results from twenty-five diamond drill holes ("DDH") from its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, state of Pará, Brazil.
Figure 1: Central Sector (Section 1 on Figure 4). Mineralized Grades and thicknesses continue to increase with depth. (CNW Group/Bravo Mining Corp.)
Figure 2: Central Sector (Section 2 on Figure 4). Infill drilling continues to support previous drilling results by Bravo. (CNW Group/Bravo Mining Corp.)
Figure 3: Central Sector (Section 3 on Figure 4). Better mineralized grades and thicknesses compared to historic drilling. (CNW Group/Bravo Mining Corp.)
Figure 4: Location of Bravo Drilling and Sections Reported in this News Release (CNW Group/Bravo Mining Corp.)
"Today's drilling results mark another step forward as Bravo progresses towards completing the 2024 PGM definition drilling program to support future MRE updates. These results continue to intercept high grades over thick intersections, including those in the Oxide and Low Sulphide zones that have high platinum to palladium ratios.", said Luis Azevedo, Chairman and CEO. "The Luanga Project's consistent delivery of robust results and advancements across various potential development tracks solidify its position as a leading candidate to become a major new Western supplier of these essential metals through market cycles and away from sources affected by geopolitical risks and deep operational challenges. The Project's potential benefits from the substantial infrastructure of the Carajás District, including cost-effective hydro power as well as ready access to power lines, highways, rail, water, labour, and suppliers."
Highlights Include:
Infill and extensional drilling in the Central Sector continue to reveal improved mineralized grades and thicknesses as compared to previous 100m spaced sections.
Much of the mineralization intersected in the new drilling lies within 150m of surface and remains open for further extension to depth.
Drilling in the North Sector of the Luanga deposit continues to demonstrate high-grade supergene mineralization in the oxide zone (e.g. 21m at 9.34g/t PGM+Au in DDH24LU264) and wide zones of mineralization in the fresh rock (e.g. 116m at 1.59g/t PGM+Au in DDH24LU266).
Drilling at T5 target continues to extend mineralization eastward. Testing of the Bore Hole Electromagnetic ("BHEM") anomaly at T1 will commence soon, as well as drill testing of a new copper/gold target west of T5.
HOLE-ID
From
(m)
To
(m)
Thickness (m)
Pd
Pt
Rh
Au
PGM + Au
Ni* (%) Sulphide
TYPE
Sector
(g/t)
(g/t)
(g/t)
(g/t)
(g/t)
DDH24LU264
0.00
21.00
21.00
1.05
8.14
0.08
0.07
9.34
NA
Ox
North
DDH24LU265
128.30
164.60
36.30
0.45
1.36
0.04
0.01
1.87
0.01
FR/LS
North
And
201.60
228.60
27.00
1.64
0.93
0.18
0.04
2.78
0.07
FR
North
DDH24LU266
29.70
146.00
116.30
0.54
1.01
0.03
0.01
1.59
0.02
FR
North
DDH24LU269
49.65
54.65
5.00
10.46
5.09
0.77
0.08
16.40
0.04
FR
Central
DDH24LU271
69.20
81.20
12.00
2.09
0.92
0.14
0.01
3.16
0.12
FR
Central
DDH24LU275
25.80
46.90
21.10
2.34
0.81
0.15
0.03
3.33
0.10
FR
Central
DDH24LU277
86.90
89.90
3.00
22.13
8.56
1.01
0.06
31.65
0.03
FR
Central
And
175.90
179.90
4.00
3.21
13.93
0.62
0.01
17.77
0.02
FR/LS
Central
DDH24LU278
23.00
27.00
4.00
4.13
2.18
0.31
0.03
6.64
0.02
FR
Central
DDH24LU280
150.50
184.50
34.00
1.71
0.56
0.08
0.17
2.52
0.29
FR
Central
DDH24LU281
102.80
142.80
40.00
1.43
0.51
0.07
0.14
2.16
0.23
FR
Central
DDH24LU282
170.65
213.30
42.65
1.67
0.61
0.09
0.04
2.41
0.28
FR
Central
Notes: All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material. Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 135% of true thickness in the Central Sector, and 135% to 155% of true thickness in the North Sector. Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization. * Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays.
Luanga Drilling Update
Results from twenty-five diamond drill holes have been received, eight from the North Sector and seventeen from the Central Sector of the Luanga PGM+Au+Ni deposit. All the drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 090° in the North Sector and 330° in the Central sector. Together, this set of drill holes comprise a total of 4,994.6 metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector shows an infill section, with DDH24LU282 being the deepest drill hole on the section, exhibiting a wide zone of mineralization, open at depth, within 150m from surface, and consistently increasing in grade from DDH23LU230 to DDH24LU237 to DDH24LU282. These results continue to support the mineralization defined on Bravo's earlier 100m spaced sections. This work continues to bode well for potential future project studies.
Section 2 (Figure 2) shows infill hole DDH24LU280, in the Central Sector, aimed at increasing classification confidence in the next MRE update. Drilling also shows mineralized grades and thicknesses that are similar to, or better than, drilling from earlier Bravo phases on either side of this drill hole (DDH23LU058 and DDH23LU136). Trenching (TRC24LU031A/B) on this section also demonstrates the more significant volume of near surface oxide mineralization (due to dispersion) compared to more discrete thicknesses intersected by drilling in the fresh rock below. These results will support future Mineral Resource Estimate ("MRE") updates.
Section 3 (Figure 3) is an infill section in the Central Sector. Drilling (DDH24LU275, and DDH22LU059) also shows clear evidence of better mineralized grades and thicknesses compared to historic drilling (PPT-LUAN-FD0121) between the Bravo drill holes, again with mineralization defined to date less to ~150m from surface and still open at depth.
HeliTEM (Helicopter borne EM) and Copper/Gold Exploration Update
Exploration is progressing on both BHEM targets and HeliTEM targets. Drilling continues at T5, the previously reported massive sulphide Cu-Ni discovery (see news release dated May 28, 2024), expanding mineralization to the east. Drilling to follow up BHEM at T1 will commence soon, along with drill testing of a new copper target located west of T5.
Drill Results Status Update
A total of 338 drill holes have been completed by Bravo to date, for 72,006 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 297 Bravo drill holes to date. Assay results for 33 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of 42 trenches have been completed to date (for 8,317 metres), with results for 37 trenches reported and results for 5 trenches pending.
Complete Table of Recent Intercepts.
HOLE-ID
From
To
Thickness (m)
Pd
Pt
Rh
Au
PGM + Au
Ni* (%) Sulphide
TYPE
(m)
(m)
(g/t)
(g/t)
(g/t)
(g/t)
(g/t)
DDH24LU260
119.90
123.90
4.00
2.68
4.24
2.22
0.52
9.66
0.01
FR/LS
DDH24LU261
0.00
41.50
41.50
0.44
0.77
0.03
0.01
1.24
NA
Ox
And
53.90
73.90
20.00
0.27
0.59
0.08
<0.01
0.94
0.02
FR/LS
And
88.90
90.90
2.00
0.31
0.89
0.13
0.01
1.34
0.02
FR/LS
And
111.90
113.90
2.00
0.95
2.53
0.49
0.02
4.00
0.02
FR/LS
And
181.90
192.90
11.00
0.39
0.23
0.04
0.01
0.66
0.03
FR
DDH24LU262
0.00
35.00
35.00
0.33
0.68
0.03
0.01
1.05
NA
Ox
And
35.00
49.00
14.00
0.16
0.46
0.05
0.01
0.66
0.01
FR/LS
And
58.00
63.00
5.00
1.16
4.61
0.92
0.03
6.71
0.02
FR/LS
And
146.00
152.00
6.00
0.91
2.62
0.42
0.15
3.96
0.15
FR
DDH24LU263
0.00
29.90
29.90
0.64
0.68
0.02
<0.01
1.34
NA
Ox
And
62.50
68.55
6.05
0.35
0.76
0.03
0.01
1.15
0.01
FR/LS
And
72.55
104.60
32.05
0.27
0.60
0.04
<0.01
0.91
0.01
FR/LS
And
147.60
151.60
4.00
0.64
0.63
0.11
0.03
1.40
0.14
FR
And
177.60
192.60
15.00
0.39
0.18
0.02
0.05
0.64
0.09
FR
DDH24LU264
0.00
21.00
21.00
1.05
8.14
0.08
0.07
9.34
NA
Ox
And
31.25
85.30
54.05
0.37
0.71
0.02
<0.01
1.10
0.01
FR/LS
DDH24LU265
128.30
164.60
36.30
0.45
1.36
0.04
0.01
1.87
0.01
FR/LS
And
201.60
228.60
27.00
1.64
0.93
0.18
0.04
2.78
0.07
FR
DDH24LU266
0.00
7.85
7.85
0.30
1.01
0.04
0.01
1.35
NA
Ox
And
29.70
146.00
116.30
0.54
1.01
0.03
0.01
1.59
0.02
FR
And
186.00
194.00
8.00
0.59
0.42
0.08
0.01
1.10
0.10
FR
DDH24LU267
67.00
92.00
25.00
0.21
0.49
0.03
<0.01
0.73
0.01
FR
And
236.80
242.80
6.00
0.54
0.37
0.05
<0.01
0.97
0.06
FR
And
269.80
277.80
8.00
0.23
0.10
0.04
<0.01
0.37
0.21
FR
DDH24LU268
0.00
12.00
12.00
0.31
0.62
0.07
0.01
1.02
NA
Ox
DDH24LU269
49.65
54.65
5.00
10.46
5.09
0.77
0.08
16.40
0.04
FR
And
107.30
149.30
42.00
0.31
0.25
<0.01
<0.01
0.57
0.03
FR
DDH24LU270
47.00
88.00
41.00
0.27
0.22
0.01
<0.01
0.51
0.02
FR
DDH24LU271
0.00
5.15
5.15
0.84
0.33
0.03
0.03
1.25
NA
FR
And
69.20
81.20
12.00
2.09
0.92
0.14
0.01
3.16
0.12
FR
And
181.20
249.20
68.00
0.31
0.29
0.01
<0.01
0.61
0.02
FR
DDH24LU272
0.00
2.70
2.70
0.49
0.29
0.06
0.02
0.87
NA
Ox
And
20.10
28.35
8.25
0.44
0.18
0.03
0.02
0.67
NA
Ox
And
31.00
38.00
7.00
1.01
0.41
0.08
0.03
1.54
0.19
FR
And
48.00
58.00
10.00
1.48
0.54
0.09
0.18
2.29
0.21
FR
And
136.00
191.00
55.00
0.34
0.31
0.01
<0.01
0.66
0.01
FR
DDH24LU273
0.00
12.75
12.75
1.21
0.49
0.08
0.02
1.80
NA
Ox
And
86.60
110.60
24.00
0.29
0.24
0.01
<0.01
0.53
0.01
FR
And
122.60
125.60
3.00
0.20
0.61
0.10
<0.01
0.92
0.01
FR/LS
DDH24LU274
0.00
6.00
6.00
0.33
0.21
0.01
0.01
0.56
NA
Ox
And
20.50
52.70
32.20
0.32
0.26
0.01
<0.01
0.59
0.01
FR
DDH24LU275
0.00
5.80
5.80
0.50
0.34
0.05
0.03
0.92
NA
Ox
And
25.80
46.90
21.10
2.34
0.81
0.15
0.03
3.33
0.10
FR
And
131.90
174.90
43.00
0.31
0.24
0.01
<0.01
0.57
0.02
FR
DDH24LU276
0.00
4.00
4.00
0.60
0.26
0.03
0.01
0.89
NA
Ox
And
84.50
96.50
12.00
0.33
0.20
0.01
<0.01
0.54
0.02
FR
DDH24LU277
0.00
1.79
1.79
0.49
0.22
0.28
0.02
1.01
NA
FR
And
75.90
80.90
5.00
0.67
0.39
0.04
0.02
1.11
0.05
FR
And
86.90
89.90
3.00
22.13
8.56
1.01
0.06
31.65
0.03
FR
And
149.90
161.90
12.00
0.18
0.38
0.01
0.01
0.58
0.01
FR/LS
And
175.90
179.90
4.00
3.21
13.93
0.62
0.01
17.77
0.02
FR/LS
DDH24LU278
14.00
17.00
3.00
2.28
0.93
0.16
0.02
3.38
NA
Ox
And
23.00
27.00
4.00
4.13
2.18
0.31
0.03
6.64
0.02
FR
And
120.50
126.77
6.27
0.20
0.33
0.01
0.01
0.54
0.01
FR
DDH24LU279
39.50
44.50
5.00
0.35
0.33
0.01
0.01
0.69
0.02
FR
DDH24LU280
107.95
112.75
4.80
0.59
0.20
0.03
0.06
0.88
0.31
FR
And
150.50
184.50
34.00
1.71
0.56
0.08
0.17
2.52
0.29
FR
And
206.50
237.50
31.00
0.25
0.24
<0.01
0.01
0.51
0.02
FR
DDH24LU281
15.90
19.60
3.70
0.60
0.26
<0.01
0.32
1.18
NA
Ox
And
56.80
60.80
4.00
0.45
0.15
<0.01
0.09
0.68
0.19
FR
And
63.80
66.80
3.00
0.61
0.24
<0.01
0.11
0.97
0.12
FR
And
79.80
87.80
8.00
0.29
0.11
0.01
0.10
0.50
0.11
FR
And
93.80
96.80
3.00
0.23
0.10
0.01
0.02
0.36
0.20
FR
And
102.80
142.80
40.00
1.43
0.51
0.07
0.14
2.16
0.23
FR
And
146.80
171.80
25.00
0.24
0.22
0.02
0.01
0.47
0.02
FR
DDH24LU282
170.65
213.30
42.65
1.67
0.61
0.09
0.04
2.41
0.28
FR
And
218.30
252.30
34.00
0.32
0.23
0.01
0.01
0.57
0.01
FR
And
295.30
299.30
4.00
1.80
1.75
0.27
0.14
3.97
0.04
FR
And
306.30
310.30
4.00
0.15
0.40
0.02
<0.01
0.61
0.02
FR
DDH24LU283
22.10
27.80
5.70
0.60
0.23
0.02
0.01
0.86
0.01
FR
DDH24LU284
109.38
113.97
4.59
0.25
0.31
0.01
<0.01
0.57
0.01
FR
Notes:
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.
Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 135% of true thickness in the Central Sector, and 135% to 155% of true thickness in the North Sector.
Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.
The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and clean renewable hydro grid power. A fully funded +70,000 infill, step out and exploration drilling and trenching program is well advanced for 2024. Bravo's current Environmental, Social and Governance activities includes planting more than 30,000 high-value trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.
Technical Disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "continues", "significant", "critical", "undoubtedly", "robust", "potential", "solidify", "essential", "substantial", "improved", "further extension", "high-grade", "consistently increasing", "better", "wide", "bode well", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth; the impact of current and future drilling on future mineral resource estimates, after taking into account other modifying factors; whether or not the mineralization is amenable to open pit mining and, if so, to what extent; potential economic outcomes, including strip ratios, in future economic studies; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Schedule 1: Drill Hole Collar Details
HOLE-ID
Company
East (m)
North (m)
RL (m)
Datum
Depth (m)
Azimuth
Dip
Sector
DDH24LU260
Bravo
659449.835
9343124.194
258.596
SIRGAS2000_UTM_22S
165.25
90.00
-60.00
North
DDH24LU261
Bravo
659398.590
9343123.961
255.949
SIRGAS2000_UTM_22S
245.40
90.00
-60.00
North
DDH24LU262
Bravo
659539.417
9342814.041
273.110
SIRGAS2000_UTM_22S
190.60
90.00
-60.00
North
DDH24LU263
Bravo
659451.586
9342974.382
267.848
SIRGAS2000_UTM_22S
260.55
90.00
-60.00
North
DDH24LU264
Bravo
659387.575
9343074.446
252.390
SIRGAS2000_UTM_22S
160.35
90.00
-60.00
North
DDH24LU265
Bravo
659297.480
9343074.500
237.800
SIRGAS2000_UTM_22S
260.30
90.00
-60.00
North
DDH24LU266
Bravo
659356.430
9343124.000
249.810
SIRGAS2000_UTM_22S
245.75
90.00
-60.00
North
DDH24LU267
Bravo
659655.160
9342616.070
254.510
SIRGAS2000_UTM_22S
350.35
90.00
-60.00
North
DDH24LU268
Bravo
658508.010
9340906.000
235.950
SIRGAS2000_UTM_22S
105.70
330.00
-60.00
Central
DDH24LU269
Bravo
658730.170
9340927.830
237.050
SIRGAS2000_UTM_22S
165.80
330.00
-60.00
Central
DDH24LU270
Bravo
658731.530
9341015.780
229.700
SIRGAS2000_UTM_22S
100.45
330.00
-60.00
Central
DDH24LU271
Bravo
658755.370
9340883.910
238.040
SIRGAS2000_UTM_22S
250.20
330.00
-60.00
Central
DDH24LU272
Bravo
658655.830
9340855.020
245.410
SIRGAS2000_UTM_22S
205.45
330.00
-60.00
Central
DDH24LU273
Bravo
658630.870
9340898.340
242.680
SIRGAS2000_UTM_22S
150.15
330.00
-60.00
Central
DDH24LU274
Bravo
658604.230
9340944.550
238.180
SIRGAS2000_UTM_22S
100.10
330.00
-60.00
Central
DDH24LU275
Bravo
658693.880
9340890.480
239.010
SIRGAS2000_UTM_22S
185.35
330.00
-60.00
Central
DDH24LU276
Bravo
658700.910
9340978.290
237.550
SIRGAS2000_UTM_22S
105.55
330.00
-60.00
Central
DDH24LU277
Bravo
658830.010
9340945.250
239.620
SIRGAS2000_UTM_22S
220.75
330.00
-60.00
Central
DDH24LU278
Bravo
658802.200
9340993.410
230.410
SIRGAS2000_UTM_22S
150.25
330.00
-60.00
Central
DDH24LU279
Bravo
658774.840
9341040.260
221.600
SIRGAS2000_UTM_22S
85.10
330.00
-60.00
Central
DDH24LU280
Bravo
658485.620
9340648.530
283.830
SIRGAS2000_UTM_22S
295.10
330.00
-60.00
Central
DDH24LU281
Bravo
658333.870
9340511.980
280.550
SIRGAS2000_UTM_22S
275.20
330.00
-60.00
Central
DDH24LU282
Bravo
658405.280
9340488.590
285.330
SIRGAS2000_UTM_22S
340.25
330.00
-60.00
Central
DDH24LU283
Bravo
658090.780
9340435.240
232.570
SIRGAS2000_UTM_22S
180.45
330.00
-60.00
Central
DDH24LU284
Bravo
658051.730
9340402.830
245.820
SIRGAS2000_UTM_22S
200.20
330.00
-60.00
Central
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.
Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
Bravo SGS Geosol
Preparation
Method
Method
Method
Method
For All Elements
Pt, Pd, Au
Rh
Sulphide Ni, Cu
Trace Elements
PRPCLI (85% at 200#)
FAI515
FAI30V
AA04B
ICP40B
SOURCE Bravo Mining Corp.
Luis Azevedo, Chairman and CEO or Alex Penha, EVP Corporate Development, T: +1-416-509-0583, [email protected]
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