Tag: Luis Azevedo

Categories
Junior Mining Precious Metals

Bravo’s Re-sampling Program Continues to Outperform Historic Grades at Luanga

VANCOUVER, BC, Nov. 28, 2022 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) (“Bravo” or the “Company“) today announced that it has received assay results from the analysis of re-sampled historic drill core from an additional eight historical diamond drill holes (“DDH”) from its Luanga (palladium + platinum + rhodium + gold +nickel) project (“Luanga” or “Luanga PGM+Au+Ni“), located in the Carajás Mineral Province, state of Pará, Brazil.

“Assay results have been received from a total of 42 re-sampled historic drill holes to date, with the previously noted positive trend of higher PGM+Au grades continuing to be observed in most intercepts as compared to historical intercepts,” said Luis Azevedo, Chairman and CEO of Bravo. “It is also encouraging that nickel sulphide grades are very comparable to the historical total nickel results, suggesting that very little nickel is tied up in silicates in the fresh rock. All these observations, combined with the first-time assaying for rhodium in many intercepts, are supportive as we work to validate Luanga’s historical mineral resource estimate of 142Mt @ 1.24 g/t Pd+Pt+Au and 0.11% Ni” (see Page 5 of this news release for important information in respect of the Historical Estimate).

Highlights

  • Results from the ongoing re-sampling of historic drill core continue to show a tendency to exceed the tenor of historic intercept grades, with mineralized thicknesses directly comparable to the thicknesses reported for historic intercepts.
  • Highlights of Bravo’s most recent re-sampling results are tabulated below, with details including comparisons to historic intercepts:
HOLE-IDFROM (m)TO(m)THICKNESS 
(m)		HISTORIC SGS PGM + Au (g/t)BRAVO ALSPGM + Au (g/t) HISTORICNi % (Total) BRAVO**Ni % (Sulphide) TYPE 
PPT-LUAN-FD0072     79.086.07.01.191.500.090.08FR
PPT-LUAN-FD008244.068.024.01.592.08*0.180.21FR
PPT-LUAN-FD01120.030.030.01.342.340.24NAOx
And139.0156.017.01.022.150.010.01FR/LS 
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the hole and the mineralization, the intercept is estimated to be 80% to 90% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. 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.
* = Includes Rh >1.00g/t result. Overlimit analyses pending.
** = Bravo’s nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historic total nickel assays.
  • 119 drill holes (including 8 metallurgical drill holes) have been completed so far in 2022, for a total of 20,409 metres (or 80% of the Phase 1 Drill Program). Currently, samples from 46 drill holes are at the assay laboratory pending results, and results from 34 drill holes have been released to date.
  • 22,318 samples have been submitted for assay in 2022, including 3,353 samples from re-sampling of historic drill core.
  • 6 drill rigs operating onsite.

Luanga Re-Sampling Program and Phase 1 Drilling Progress

A comparison of the historic intercepts with the Bravo assay results from re-sampled core is tabulated below, with a plan showing the re-sampled hole locations. A drill section is provided below, showing results for PPT-LUAN-112. Bravo’s assay results from re-sampled core continue to closely correlate to the historic intercepts in thicknesses, while the previously observed trend of intercepts frequently exceeding the tenor of historic grades continues. This is most likely related to improved assay methods for PGMs versus those available over 20 years ago, and only sporadic rhodium assaying historically.

The Phase 1 diamond drill program continues as planned at Luanga. Six drill rigs are on site, with drilling progressing in various locations along the entire 8.1km strike length of the known Luanga mineralized envelope. To date, 114 drill holes have been completed, for a total of 19,384 metres (or 76%) of the planned 25,500 metre Phase 1 drill program.

Comparison of Re-Sampled Intercepts – Historic Intercept (SGS Laboratory) versus Bravo Intercept (ALS Laboratory)

HOLE-IDFrom (m)To(m)Thickness 
(m)		HISTORIC SGS PGM + Au (g/t)BRAVO ALSPGM + Au (g/t) HISTORICNi % (Total) BRAVO**Ni % (Sulphide) TYPE 
PPT-LUAN-FD0072     44.060.016.00.720.710.160.18FR
And79.086.07.01.191.500.090.08FR
PPT-LUAN-FD007326.044.018.00.810.840.150.16FR
PPT-LUAN-FD00820.019.019.00.810.830.10NAOx
And44.068.024.01.592.08*0.180.21FR
And81.084.03.00.901.000.090.08FR
PPT-LUAN-FD008357.063.06.00.280.230.150.13FR
And68.074.06.00.170.140.110.09FR
PPT-LUAN-FD0096292.0307.015.00.500.480.100.10FR
PPT-LUAN-FD01120.030.030.01.342.340.24NAOx
And139.0156.017.01.022.150.010.01FR/LS 
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the hole and the mineralization, the intercept is estimated to be 80% to 90% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. 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.
* = Includes Rh >1.00g/t result. Overlimit analyses pending.
** = Bravo’s nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historic total nickel assays.

Complete Table of New Intercepts for Re-sampled holes

HOLE-IDFrom (m)To(m)Thickness 
(m)		Pd(g/t) Pt(g/t) Rh(g/t)Au
(g/t)		PGM +
Au (g/t) 		Ni %
(Sulphide) 		TYPE 
PPT-LUAN-FD0072     44.060.016.00.380.210.040.090.710.18FR
And79.086.07.00.870.500.100.021.500.08FR
PPT-LUAN-FD007326.044.018.00.440.250.010.150.840.16FR
PPT-LUAN-FD00820.019.019.00.610.180.010.030.83NAOx
And44.068.024.01.220.620.20*0.032.08*0.21FR
And81.084.03.00.680.260.050.011.000.08FR
PPT-LUAN-FD008357.063.06.00.120.090.01<0.010.230.13FR
And68.074.06.00.090.040.010.010.140.09FR
PPT-LUAN-FD0096292.0307.015.00.250.170.030.040.480.10FR
PPT-LUAN-FD01120.030.030.01.380.820.110.042.34NAOx
And139.0156.017.00.771.170.190.022.150.01FR/LS 
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the hole and the mineralization, the intercept is estimated to be 80% to 90% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. 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.
* = Includes Rh >1.00g/t result. Overlimit analyses pending.
Section 1 – Showing PPT-LUAN-FD00112 (CNW Group/Bravo Mining Corp.)
Section 1 – Showing PPT-LUAN-FD00112 (CNW Group/Bravo Mining Corp.)
Location of Historic Drill Hole Results Discussed in this Report (CNW Group/Bravo Mining Corp.)
Location of Historic Drill Hole Results Discussed in this Report (CNW Group/Bravo Mining Corp.)

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, engagement with local communities, 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.

Historical Resource Estimate

This press release includes a historical resource estimate for the Luanga Project (the “Historical Estimate“) prepared internally by prior owners, VALE SA, in 2017 and contained in a report by  Mansur E.T., Ferreira Filho C.F., Oliveira D.P.L. entitled “The Luanga deposit, Carajás Mineral Province, Brazil: Different styles of PGE mineralization hosted in a medium-size layered intrusion.” and published in Ore Geology Reviews (Volume 118, March 2020, 103340). A qualified person has not done sufficient work to classify the Historical Estimate as current mineral resources or mineral reserves under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Bravo is not treating the Historical Estimate as current mineral resources or mineral reserves. Bravo cautions that the Historical Estimate was not prepared in accordance with NI 43-101. There can be no certainty, following further evaluation and/or exploration work, that the Historical Estimate can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101. Further, the assays values used to calculate the nickel content in the Historical Estimate are total nickel, and thus contain both sulphide nickel (potentially recoverable) and silicate nickel (unrecoverable by conventional methods). Bravo is not aware whether the nickel content in the Historical Estimate has been modified to account for this or not. In addition, no breakdown of the assay results for the individual metals contributing to this Historical Estimate has been published and the Historical Estimate was not classified in accordance with the mineral resource categories set out in NI 43-101. Nevertheless, Bravo considers the Historical Estimate to be relevant to the reader’s understanding of the status of the Project and its future potential.

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 “outperform”, “highlights”, “positive trend”, “encouraging”, “inspiring”, “exceeding”, “correlate”, “exceeding”, “improved”, “validate” and other similar words, phrases or statements that certain events or conditions “could”, “should”, “potentially” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s ongoing re-sampling and drill programs and the results thereof; the potential for a continued trend of improved in grade relative to historic assays and the possible impact on future mineral resource estimates; the potential for the definition of 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, re-sampling results may vary negatively from historical results, 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 sample grades from re-assayed core may continue to outperform historic grades; 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-IDCompany East (m)North (m)RL (m) DatumDepth
(m) 		Azimuth DipSector 
PPT-LUAN-FD0072     Vale SA659387.119341285.56226.76SIRGAS2000 
UTM22S 		231.00330.0-60.0Central 
PPT-LUAN-FD0073Vale SA659211.289341185.85226.30SIRGAS2000
UTM22S 		229.10330.0-60.0Central 
PPT-LUAN-FD0082Vale SA659734.399341481.67206.98SIRGAS2000
UTM22S 		213.20330.0-60.0Central 
PPT-LUAN-FD0083Vale SA659904.929341589.34233.28SIRGAS2000
UTM22S 		216.65330.0-60.0Central 
PPT-LUAN-FD0096Vale SA659609.309341300.37201.82SIRGAS2000
UTM22S 		320.40360.0-90.0Central 
PPT-LUAN-FD0112Vale SA659393.129343373.87244.94SIRGAS2000
UTM22S 		160.9090.0-60.0North

Schedule 2: Assay Methodologies and QAQC

Samples followed chain of custody between collection, processing and delivery to the ALS laboratory in Parauapebas, state of Pará, Brazil. The drill core was delivered to the core shack at Bravo’s Luanga site facilities and processed by geologists who inserted certified reference materials, blanks and duplicates into the sampling sequence. Drill core was quarter 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 respective ALS or SGS global websites (ALS, 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 ALS
PreparationMethodMethodMethodMethod
For All ElementsPt, Pd, AuRhNi-SulphideTrace Elements 
PREP-31BPGM-ICP27 Rh-MS25 Ni-ICP05ME-ICP61
Historic Drill Assaying SGS Geosol
PreparationMethodMethodMethodMethod
For All ElementsPt, Pd, AuRhTOTAL NiTrace Elements
Crushed to <200# mesh FA30AFA30BICP-117ICP-117
www.bravomining.com (CNW Group/Bravo Mining Corp.)
www.bravomining.com (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

Cision
Cision

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Categories
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).”

Highlights

  • 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:
HOLE-IDFrom(m)To(m)Thickness
(m)		Pd(g/t)Pt(g/t)Rh(g/t)Au
(g/t)		Ni %
(Sulphide)		PGM + Au
(g/t)		TYPE
DDH22LU00593.0124.031.01.190.590.090.110.161.98FR
DDH22LU01890.8107.716.91.600.890.220.100.232.82FR
DDH22LU0190.064.264.20.580.290.040.07NA0.99Ox/FR
Including50.664.213.61.580.800.140.160.222.67FR
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

HOLE-IDFrom(m)To(m)Thickness
(m)(1)		Pd(g/t)Pt(g/t)Rh(g/t)Au
(g/t)		Ni %
(Sulphide)		PGM + Au
(g/t)		TYPE
DDH22LU00593.0124.031.01.190.590.090.110.161.98FR
DDH22LU00947.662.414.81.010.550.080.020.201.67FR
DDH22LU01029.733.03.30.710.450.130.010.081.30FR
And47.955.07.10.650.330.050.010.081.04FR
And64.073.19.10.770.350.060.010.101.19FR
And87.498.411.00.600.340.060.010.081.02FR
DDH22LU01184.288.24.00.980.460.090.030.141.56FR
DDH22LU012No Significant Result
DDH22LU0130.05.95.90.490.300.050.01NA0.86Ox
And98.9EOH1.31.010.180.050010.131.25FR
DDH22LU01425.331.76.40.770.290.050.01NA1.12Ox
And43.461.418.00.550.220.040.030.090.83FR
And66.070.04.00.850.320.050.020.141.23FR
And81.090.09.00.890.350.050.020.151.31FR
And102.0111.69.61.070.390.060.030.081.55FR
DDH22LU0150.028.028.00.310.140.020.04NA0.52Ox
And57.871.013.20.590.230.050.010.360.88FR
And88.5100.512.00.250.130.020.030.310.42FR
DDH22LU0170.011.211.20.810.470.090.02NA1.39Ox
And18.223.25.00.520.510.080.01NA1.12Ox
And85.988.93.01.150.440.060.010.051.66FR
And126.0141.015.01.220.540.100.080.171.95FR
DDH22LU01859.971.912.00.550.260.080.040.190.93FR
And90.8107.716.91.600.890.220.100.232.82FR
DDH22LU0190.064.264.20.580.290.040.07NA0.99Ox/FR
Including50.664.213.61.580.800.140.160.222.67FR
And74.278.84.60.600.520.070.020.101.21FR
DDH22LU0200.09.09.01.380.520.100.02NA2.02Ox
And13.031.718.70.980.380.070.04NA1.46Ox/FR
And55.4117.462.00.350.250.010.010.010.61FR
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
(m)		AzimuthDip
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
PreparationMethodMethodMethodMethod
For All ElementsPt, Pd, AuRhNi-SulphideTrace Elements
PREP-31BPGM-ICP27Rh-MS25Ni-ICP05ME-ICP61
www.bravomining.com (CNW Group/Bravo Mining Corp.)
www.bravomining.com (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

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Base Metals Energy Junior Mining Precious Metals

Bravo Intercepts High-Grade Nickel/Copper Massive Sulphide Mineralization at Luanga

Results Include 11m @ 2.04% Nickel + 1.23% Copper (PGM Results Pending)

VANCOUVER, BC, Aug. 16, 2022 /CNW/ – Bravo Mining Corp. (TSX.V: BRVO), (“Bravo” or the “Company“) today announced high grade nickel and copper assay results from the previously released diamond drill hole DDH22LU047 at its Luanga platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil.  The high-grade intercept of 11.04m grading 2.04% nickel and 1.23% copper occurs in massive and semi-massive sulphides – a style of mineralization not previously observed at Luanga, increasing the target type potential at the project. Palladium, platinum and rhodium assay results are pending.

Highlights:

  • 11.04m @ 2.04% nickel and 1.23% copper, from 131.11m
  • Contractors arriving onsite this week to commence Downhole Transient Electromagnetic (“DHTEM”) surveying at Luanga, starting with DDH22LU047
  • Palladium, platinum and rhodium results are pending
Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)
Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)

“As announced in Bravo’s August 3rd, 2022 news release, high-grade nickel-copper mineralization at these concentrations, has not been observed previously at Luanga and could represent a new type of mineralisation that occurs within the Luanga PGM deposit, or a potential indication of feeder zones,” said Luis Azevedo, Chairman and CEO of Bravo. “DHTEM surveying will commence shortly, which should allow us to vector in on the continuation of high-grade nickel/copper massive sulphides, guiding follow-up drilling.”

Luanga Drill Program

The Phase 1 diamond drill program continues as planned at Luanga.  With six drill rigs on site, drilling is now in progress in various locations along the entire 7km strike length of the known mineralization, including to the north where the latest and final surface access agreements were recently signed (see August 2, 2022 news release).

Phase 1 drilling is 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, as well as exploration targets at Luanga.

Complete Table of Assay Results

HOLE-IDFrom(m)To(m)Thickness (m)Ni(%)Cu(%)Pd(g/t)Pt(g/t)Rh(g/t)Au(g/t)TYPE
DDH22LU047131.11142.1511.042.031.23PendingFR
Including132.26136.804.542.770.54PendingFR
Including136.80137.600.800.9810.82PendingFR
  • All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole
  • Given the orientation of the holes and the mineralization, the intercepts are estimated to range from ~80 to 90% of true thickness.
  • FR = Fresh Rock.
DDH22LU047: High grade massive sulphide nickel mineralization at 136.0m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: High grade massive sulphide nickel mineralization at 136.0m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: High grade breccia semi–massive sulphide nickel-copper mineralization, from at 137.0m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: High grade breccia semi–massive sulphide nickel-copper mineralization, from at 137.0m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Drill core showing massive and brecciated semi-massive sulphides, from 131.1m to 142.1m* * Depths and widths are downhole (CNW Group/Bravo Mining Corp.)
DDH22LU047: Drill core showing massive and brecciated semi-massive sulphides, from 131.1m to 142.1m* * Depths and widths are downhole (CNW Group/Bravo Mining Corp.)

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 “confirm”, “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(m)AzimuthDip
DDH22LU047 Bravo 659899.999342475.05275.18SIRGAS2000 UTM22S 170.05090-60

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. IN this case a split is collected by Bravo staff and securely delivered to the Intertek laboratory in Parauapebas where it was assayed by high priority for ore grade Ni and Cu.

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
PreparationMethodMethodMethodMethod
For All ElementsPt, Pd, AuRhNi-SulphideTrace Elements
PREP-31BPGM-ICP27Rh-MS25Ni-ICP05ME-ICP61
Bravo Intertek
Method
Ni, Cu Sulphide
Ni-ICP05
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.)
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SOURCE Bravo Mining Corp.

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Categories
Base Metals Energy Junior Mining Precious Metals

Bravo Intercepts Massive Sulphide Mineralization at its Luanga (PGM + Au + Ni) Project

Bravo Mining, Proven and Probable

11m* Zone of Massive and Brecciated Semi-Massive Nickel/Copper Sulphides Intersected

VANCOUVER, BC, Aug. 3, 2022 /CNW/ – Bravo Mining Corp. (TSX.V: BRVO), (“Bravo” or the “Company“) today announced that a diamond drill hole at its Luanga Project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil, intersected massive sulphide and semi-massive sulphide mineralization. Based on visual inspection by experienced geologists the core is interpreted to contain pyrrhotite, pentlandite (a primary nickel sulphide mineral) and chalcopyrite (a primary copper sulphide mineral). This style of sulphide mineralization, in these concentrations, has not previously been observed at the Luanga platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project. Likewise, primary copper mineralization (interpreted as chalcopyrite) has previously only been observed in trace amounts at Luanga.

DDH22LU047: Massive sulphide mineralization interpreted as pyrrhotite + lesser pentlandite (a nickel mineral) and chalcopyrite (a copper mineral), from 136.0 to 137.6m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Massive sulphide mineralization interpreted as pyrrhotite + lesser pentlandite (a nickel mineral) and chalcopyrite (a copper mineral), from 136.0 to 137.6m* (CNW Group/Bravo Mining Corp.)

“Intersecting this style of massive sulphide mineralization for what we believe to be the first time at Luanga is a potentially material development,” said Luis Azevedo, Chairman and CEO of Bravo. “The drill hole has already been cased with PVC for planned downhole electromagnetic survey (DHTEM), and we will shortly be commencing a detailed ground gravity survey. Both geophysical techniques could help guide follow-up drill holes. We believe that further discovery potential exists at Luanga, particularly regarding prospective zones below the PGM mineralization and the geophysics could help direct that work.”

Highlights

  • Subsequent to executing the remaining land access agreements, the first of the planned northern drill holes (DDH22LU047) intersected massive and semi-massive sulphides that are interpreted to contain both pentlandite (a primary nickel mineral) and chalcopyrite (a primary copper mineral). PGM+Au+Ni assays are pending.
  • DDH22LU047 is already PVC cased ready for DHTEM, a highly successfully geophysical tool for defining and targeting conductors generated by massive sulphides.
  • Bravo plans to commence a detailed ground gravity survey. Gravity surveys are ideally suited to detecting differences in density, such as the high densities native to massive sulphides.

Luanga Drill Program

The Phase 1 diamond drill program continues as planned at Luanga. With six drill rigs on site, drilling is now in progress in various locations along the entire 7km strike length of the project, including to the north where the latest and final surface access agreements were recently signed.

Phase 1 drilling is designed to confirm, infill and step out from the previously defined mineralization in order to increase confidence in the geological model and provide the basis for future mineral resource estimates. Additionally, deeper drilling will target extensions and exploration targets at Luanga.

DDH22LU047: Breccia sulphide interpreted as pyrrhotite + pentlandite (a nickel mineral) + chalcopyrite (a copper mineral), from 137.0 to 137.5m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Breccia sulphide interpreted as pyrrhotite + pentlandite (a nickel mineral) + chalcopyrite (a copper mineral), from 137.0 to 137.5m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Drill core showing massive and brecciated semi massive sulphides, from 131.1m to 142.1m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Drill core showing massive and brecciated semi massive sulphides, from 131.1m to 142.1m* (CNW Group/Bravo Mining Corp.)

* Depths and widths are downhole

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.

For further information about Bravo, please visit www.bravomining.com or contact:

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 “confirm”, “designed”, “increase confidence”, “interpreted”, “pending”, and other similar words, phrases or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s ongoing re-assay and drill programs; the expected arrival of additional drill rigs and delivery of historic core; 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.

Bravo Mining LOGO (CNW Group/Bravo Mining Corp.)
Bravo Mining LOGO (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.