Base Metals

Bravo Continues to Intersect High-Grade PGM’s and Ni Sulphide at Luanga

Bravo Mining, Proven and Probable

Highlights include 16.9m @ 2.82g/t PGM + Au, plus 0.23% Ni Sulphide, and

13.6m @ 2.67g/t PGM + Au, plus 0.23% Ni Sulphide

VANCOUVER, BC, Sept. 7, 2022 /CNW/ – Bravo Mining Corp. (TSX.V: BRVO), (“Bravo” or the “Company“) today announced that it has received assay results from a further twelve infill diamond drill holes (“DDH”), from its wholly owned Luanga PGM (palladium + platinum + rhodium) + gold + nickel project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil. Samples for a further 34 drill holes (including 18 re-assay holes) are already at the laboratory for analysis with results pending. Both downhole and surface electromagnetic (“EM”) programs are also underway to follow up on the previously announced massive sulphide intercept.

“The infill drilling and historic core re-assay programs continue to advance rapidly. As we receive more assay results, we continue to see results comparable to the historic grades and thicknesses, increasing our confidence in the prior work completed at Luanga,” said Luis Azevedo, Chairman and CEO of Bravo. “The Company is also following up on the recently discovered nickel and copper massive sulphide mineralization that had not been previously identified at Luanga. Downhole EM assisted with the placement of the two follow-up holes (results pending) and the design for drilling on the next drill section. Surface EM will also start shortly, which we hope will greatly assist in vectoring-in and following these potential feeder zone(s).”


  • Assay results from infill drilling continue to compare well with the drill holes on their neighbouring historic drill sections in both tenor and mineralized thicknesses.
  • Highlights of Bravo’s recent intercepts are tabulated below, with details attached:
Ni %
PGM + Au
Notes:All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the holes and the mineralization, the intercepts are estimated to range from ~75 to 95% of true thickness.
Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NA: Not Applicable as intercept is oxide or a mix of oxide and fresh rock mineralization.
  • Additional results from historic drill hole re-assaying are expected in the following weeks.
  • Downhole (DH) Transient Electromagnetic (TEM) survey completed on previously reported (August 16rd, 2022 news release) high-grade Ni/Cu massive sulphide hole DDH22LU047;
  • Following DHTEM, two new drill holes on the same section have been completed (results pending);
  • Drilling on the next section to the north is expected to start soon; and
  • Surface Fixed Loop TEM (FLTEM) surveying is expected to commence shortly.
  • 67 drill holes have been completed, for a total of 11,091 metres (or 43% of Phase 1 Drilling Program), including 5 twin holes and 6 metallurgical holes.
  • 9,621 samples submitted for assay to date including 2,943 re-assay samples from historic drill core.
  • 6 drill rigs operating onsite.

Luanga Drill Program

The Phase 1 diamond drill program continues as planned at Luanga. With six drill rigs on site, drilling is now progressing in various locations along the entire 7km strike length of the known Luanga mineralized envelope (defined by historic drilling), including to the north where high-grade massive sulphide nickel/copper mineralization was intersected (see August 16rd, 2022 news release). DHTEM has been completed on this hole (see picture below), and two more drill holes have been completed on the same drill section (results pending), with two more holes about to commence on the section to the north. Surface FLTEM surveying is expected to start soon, to the south of the massive sulphide intercept. To date, 67 DDH have been completed for a total of 11,091m from the planned 25,500m Phase 1 drill program.

Phase 1 drilling is primarily designed to confirm, infill, and step out from the previously defined PGM+Au+Ni mineralization in order to increase confidence in the geological model and provide the basis for future mineral resource estimates. Additionally, drilling will target potential extensions to the mineralization at depth and, given the more recent discovery of massive sulphides, evaluate the potential of this new style of mineralization.

Commencement of DHTEM Surveying at Luanga – DDH22LU049 (CNW Group/Bravo Mining Corp.)
Commencement of DHTEM Surveying at Luanga – DDH22LU049 (CNW Group/Bravo Mining Corp.)
Location of Bravo Drilling Reported in this Document (CNW Group/Bravo Mining Corp.)
Location of Bravo Drilling Reported in this Document (CNW Group/Bravo Mining Corp.)

Complete Table of Assay Results

Ni %
PGM + Au
DDH22LU012No Significant Result
Notes:All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the holes and the mineralization, the intercepts are estimated to range from ~75 to 95% of true thickness.
Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NA: Not Applicable as intercept is oxide or a mix of oxide and fresh rock mineralization.

About Bravo Mining Corp.

Bravo is a Canada 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 benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Bravo was founded by a management team and board with extensive Brazilian and PGM exploration, permitting, project financing, construction and operating experience. This includes Luis Azevedo, Executive Chairman & CEO; Simon Mottram, President; Alex Penha, EVP Corporate Development; and Independent Directors, Dr. Nicole Adshead-Bell (Lead Director), Stuart Comline, Tony Polglase and Stephen Quin.

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.

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 “expectations”, “confirm”, “hope”, “potential”, “designed”, “increase confidence”, “interpreted”, “pending”, and other similar words, phrases or statements that certain events or conditions “should”, or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s ongoing re-assay and drill programs and the results thereof; the expected arrival of geophysical equipment and the results of such surveys; the potential for the definition o new styles of mineralization and extensions to depth 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, 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 the interpreted mineralization contains significant values of nickel, copper and also contain PGMs and Au; 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-IDCompanyEast (m)North (m)RL (m)DatumDepth
DDH22LU005Bravo657399.979339804.76259.36SIRGAS2000 UTM22S152.35360.00-60.00
DDH22LU009Bravo659101.849341075.30232.45SIRGAS2000 UTM22S200.50360.00-60.00
DDH22LU010Bravo659852.149341580.93221.61SIRGAS2000 UTM22S160.25330.00-60.00
DDH22LU011Bravo659028.759341007.34241.87SIRGAS2000 UTM22S100.20330.00-60.00
DDH22LU012Bravo659850.549341825.16255.78SIRGAS2000 UTM22S200.10330.00-60.00
DDH22LU013Bravo659938.899341630.21219.39SIRGAS2000 UTM22S151.1090.00-60.00
DDH22LU014Bravo656999.909339580.01270.50SIRGAS2000 UTM22S100.15330.00-60.00
DDH22LU015Bravo659925.019341825.05265.24SIRGAS2000 UTM22S151.35360.00-60.00
DDH22LU017Bravo659913.939341673.10231.91SIRGAS2000 UTM22S199.0590.00-60.00
DDH22LU018Bravo659164.679341072.65235.07SIRGAS2000 UTM22S150.30330.00-60.00
DDH22LU019Bravo659924.989341725.04239.05SIRGAS2000 UTM22S150.25330.00-60.00
DDH22LU020Bravo657000.039339654.43288.60SIRGAS2000 UTM22S150.00330.00-60.00

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing and delivery to the ALS 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 ALS laboratory by Bravo staff. Additional information about the methodology can be found on the ALS global website (ALS) in the analytical guides.

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 ALS
For All ElementsPt, Pd, AuRhNi-SulphideTrace Elements
PREP-31BPGM-ICP27Rh-MS25Ni-ICP05ME-ICP61 (CNW Group/Bravo Mining Corp.) (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.


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Base Metals Emx Royalty Energy Junior Mining Project Generators

EMX Executes Agreement to Sell its Svärdsjö Project in Sweden to District Metals

July 22, 2021

Related Document

Vancouver, British Columbia, July 22, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company” or “EMX”) is pleased to announce the the execution of an agreement for the sale of its Svärdsjö polymetallic project (the “Project”) in Sweden to District Metals Corp. (TSX-V: DMX) (“District”). The agreement provides the Company with additional share equity in DMX that brings EMX’s ownership of District to 9.9%, annual advance royalty payments, a 2.5% Net Smelter Returns (“NSR”) royalty interest in the Project, and other consideration.

The Svärdsjö Project is located in the prolific Bergslagen mining region of southern Sweden, nearby District’s Tomtebo and Trollberget polymetallic VMS projects, which are also EMX royalty properties (see Figure 1). The Svärdsjö Project hosts multiple zones of polymetallic (copper-zinc-lead-silver-gold) volcanogenic massive sulfide (“VMS”) and carbonate replacement (“CRD”) style mineralization and is located in the vicinity of the historic Falun VMS mine and Boliden AB’s active Garpenberg mine, one of the largest and most efficient underground polymetallic mines in the world.

Svärdsjö has been the site of historical mining activity for over 500 years, with production continuing through to 1989. Most recently, Boliden AB explored and drilled extensively in the area from 2009 until 2019. Historical production records indicate that much of the production came prior to 1972 and focussed on silver rich copper-zinc-lead mineralization developed as zones of replacement in carbonate host rocks. These styles of mineralization are similar to that seen in the nearby Garpenberg mine. See for further information on the Project.

The agreement with District represents another example of EMX’s execution of the royalty generation aspect of its business model. Although not available when first recognized during regional assessments, Svärdsjö remained on an EMX “watch list” for several years until coming available in 2020, when EMX quickly moved to secure the opportunity. EMX looks forward to working closely with District to further advance the Project.

Commercial Terms Overview. In accordance with the agreement, District will acquire a 100% interest in the Project subject to the following terms (all dollar amounts in CAD):

  • Upon closing, EMX will transfer the Svärdsjö exploration license to District.
  • Upon closing, EMX will receive $35,000 in cash and 1,400,000 common shares of DMX that increases EMX’s equity ownership in DMX to 9.9% (on a non-diluted basis).
  • EMX will receive a 2.5% NSR royalty interest in the Project. On or before the sixth anniversary after closing, DMX has the option to purchase 0.5% of the NSR on the Project by paying EMX $2,000,000.
  • EMX will receive annual advance royalty (“AAR”) payments of $25,000 for the Project commencing on the third anniversary of the closing, with the AAR payment increasing by $10,000 per year until reaching $75,000.
  • Payments of $275,000, payable in cash or shares of DMX, will be made to EMX upon the achievement of certain milestones, and District will be responsible for fulfilling work commitments on the Project.
  • To maintain its interest in the Project, within five years of the closing of the transaction, DMX will also: (i) spend a minimum of $1,000,000 on Project work expenditures with a minimum of $150,000 spent each year, and (ii) complete a minimum of 3,500 m of drilling.
  • Closing is subject to approval by the TSX Venture Exchange.

Overview of the Svärdsjö Project. The Project comprises 1,037 hectares within the prolific Bergslagen mining region in southern Sweden. In the Project area, copper-zinc-lead-silver-gold VMS and carbonate replacement style mineralization are associated with mid-Proterozoic age volcanic belts (refer to Figure 1). The Project is situated within a three-hour drive of Stockholm-Arlanda airport and has excellent year-round access, as well as nearby rail and power lines.

Mineralization at Svärdsjö is primarily developed as polymetallic sulfide replacements in dolomitic carbonate units accompanied by skarn minerals. Bodies of mineralization are enveloped within broader alteration zones typical of VMS systems, which in the case of Svärdsjö, provide well documented vectors that can be used to guide further exploration.

Historical production primarily came from three mining areas, which includes Kompanimalmen (“Company Ore”), Mellangruvan (“Middle Mine”), and Norramalmen (“Northern Ore”), with several of the historical zones remaining open and poorly explored at depth. Most recently, exploration between 2009-2019 delineated new lenses of mineralization to the west and southwest of the historical mining areas1. These, and other underexplored areas of the project will be targets for further exploration.

In addition, several additional exploration targets exist on the project, either defined by untested geophysical anomalies, or based upon trends of historical prospects and occurrences.

Notes on nearby mines and deposits. The nearby mines and deposits discussed in this news release provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the Project hosts similar mineralization.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX. Please see for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666

Scott Close
Director of Investor Relations
Phone: (303) 973-8585

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039

Neither the 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 may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein.  Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the year ended March 31, 2021 (the “MD&A”), and the most recently filed Annual Information Form (the “AIF”) for the year ended December 31, 2020, actual events may differ materially from current expectations.  More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at and on the SEC’s EDGAR website at

1  A. Fahlvik, 2018: Hydrothermal alteration and lithogeochemical marker units at the Svärdsjö Zn-Pb-Cu deposit, Bergslagen, Sweden, and their implication for exploration.

Figure 1. Location map, major geologic features and mineral occurrences in the Svärdsjö area.

Base Metals Energy Junior Mining Precious Metals

Group Ten Completes $6 Million Brokered Private Placement

Press Release

Corporate Presentation

Michael Rowley, President and CEO, commented: “We are very pleased to report such strong interest in our 100%-owned Stillwater West project in Montana USA. The additional funding will accelerate and expand our 2021 field program which prioritizes drilling in the most advanced target areas where results are expected to provide the basis for a future update to the inaugural mineral resource estimate which is anticipated mid-2021. We are fully permitted for our planned multi-rig drill program and expanded geophysical survey and look forward to providing additional updates in the near term.”


Michael Rowley, President, CEO & Director

Email:             Phone: (604) 357 4790
Web:             Toll Free: (888) 432 0075

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Group Ten Metals Completes Drill Program and Large-Scale Geophysical Survey, Reports 11 g/t Palladium-Platinum and 0.70% Nickel in Rock Samples at Stillwater West Project in Montana, USA

Press Release

Corporate Presentation

CEO Comment

Michael Rowley, President and CEO, commented, “We are very pleased with the preliminary results from our biggest field program to date at Stillwater West. Our 2020 IP survey, the largest ever completed in the district, is returning large, highly conductive and chargeable anomalies that show strong correlations with known mineralized zones, and remarkable continuity across the 11-kilometer span of the survey. Drilling, informed by the IP survey, is expected to advance the block model at the Discovery target while also providing vectors towards potential zones of strong mineralization at the Camp and HGR targets as well as into new untested areas, building on previously  successful campaigns.”

Michael Rowley, President, CEO & Director
Email: Phone: (604) 357 4790
Web: Toll Free: (888) 432 0075