Categories: Precious Metals
Topics: General Precious Metals

Early-Stage Critical Metals Opportunity

Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$3.10 per share — has announced assays from an additional ten holes at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium project in the world-class Carajás Mineral Province in northern Brazil.

Highlights from the recently completed Phase-1 program include 115.6 meters of 1.38 g/t PGM+Au from surface and 44 meters of 1.88 g/t PGM+Au.

Bravo Mining chairman & CEO Luis Azevedo commented via press release:

“New results from Luanga's infill drilling completed in 2022 continue to encourage, comparing well with historic drilling on nearby drill sections, and to previously reported results from Bravo's drilling on the same drill sections. DDH22LU100 from the North Sector is now the thickest known interval of continuous PGM+Au mineralization to date in the Luanga deposit. DDH22LU122 (North Sector) and DDH22LU123 (Central Sector) show continuing evidence of increasing levels of magmatic nickel (± copper) sulphide mineralization as drilling approaches the footwall ultramafic sequence. We look forward to advancing the Phase 2 program of extensional drilling, probing deeper into the Luanga deposit.”

The BRVO team reports that results from all three sectors of the Luanga deposit continue to compare well with intercepts from historical drilling on nearby drill sections — both in tenor and mineralized thickness — and to previously reported results from the company’s own drilling in the same areas.

The tier-one-potential Luanga project — which has been designated by the Brazilian government as a Strategic Minerals Project — boasts a 5.7-million-ounce historic resource estimate [142 Mt 1.24 g/t Pd+Pt+Au & 0.11% Ni] done by Vale — one of the largest iron ore and nickel producers in the world.

Importantly, Vale’s historical resource does not include the rhodium component, which should prove a high-value PGM to add to the project’s overall economics. 

To date, a total of 169 drill holes (34 thus far in 2023) for more than 29,300 meters have been completed by the Bravo team; results have been reported for 119 holes with assays due for another forty-plus holes. 

Phase-2 drilling has commenced — slated for 21,500 meters — and will focus on extensional drilling to depth, below the known mineralization, as well as exploratory drilling of new magmatic nickel sulphide targets. The company is planning an EM survey, along with surface trenching, to aid in the delineation of new targets.  

Bravo Mining is exceptionally well-funded to complete its 2023 multi-rig field program at Luanga wherein speculators can anticipate a steady stream of drilling updates and assay releases over the coming quarters. 

For more information on Bravo Mining, please email the company’s IR department at info@bravomining.com. Sign up to receive updates directly from the company here.

Mike Fagan
Editor, Resource Stock Digest