Categories: Precious Metals
Topics: General Precious Metals

Game-Changing Drill Results from Brazil’s Next Major PGM Deposit

Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$4.60 per share — has announced one of the deepest, highest-grade drill intercepts to-date at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium project in the world-class Carajás Mineral Province in northern Brazil.

Bravo’s ongoing Phase-2 program — which is focused on the Central and Southwest Sectors — is successfully targeting mineralization at around twice the depth of both historical drilling and the company’s recently completed Phase-1 program.

Hole DDH23LU175 intersected 54 meters of 3.33 grams per tonne (g/t) PGM+Au from 280 meters depth at the Central Sector. That includes a 32 meter higher-grade zone grading 4.99 g/t PGM+Au (and 0.30% Ni) from 300 meters downhole, which remains open at depth, representing one of the very best drill-hits ever recorded at Luanga. 

Bravo Mining CEO Luis Azevedo commented on the deeper drilling and latest batch of assays from 15 drill holes via press release: 

“The Phase 2 drill program continues to successfully define PGM+Au+Ni mineralization at depth from 150m to ~330m below surface. DDH23LU175 demonstrates consistent thicknesses and grades at these depths, suggesting potential for significant zones of higher-grade mineralization that could be amenable to open pit and/or underground exploitation in the future. Central Sector Drilling (DDH23LU163 and DDH23LU164) continues to intercept narrow zones of magmatic nickel sulphide mineralization supporting Luanga's nickel sulphide exploration potential. With final HeliTEM survey and ground geophysics (magnetics and micro-gravity) data interpretation expected to be completed soon, our upcoming exploration drilling efforts will be directed towards targets pinpointed by these surveys, commencing soon.”

Based on assays received to-date, the Bravo team sees potential for doubling the depth extent of the mineralization in the Central and Southwest Sectors at Luanga. The results are setting up nicely for the next big piece of news, which is final interpretation of the company’s recently completed airborne electromagnetic (EM) survey across all 7,800-hectares (78 sq km) of the Luanga property. 

Preliminary data has identified a brand new set of promising anomalies with final results expected within the next 10 days; Bravo’s geologists have already started ground truthing over some of the newly-identified targets in anticipation of the next set of high-priority drill targets. 

To date, the company has drilled 209 holes (74 in 2023) totaling 40,787 meters with assays due from 15 holes. Results received thus far have confirmed the thickness and tenor of mineralization from previous drilling and, in some cases, have significantly enhanced it — including higher than expected rhodium and nickel sulphide values.

In the Central Sector, the Bravo Team has confirmed a new zone and style of disseminated nickel sulphide mineralization, including an extension of mineralization into the North Sector. 

Recent assays also reveal that magmatic nickel sulphide mineralization exists in the South Sector, indicating the potential for nickel sulphides at depth along the entire 8.1 km strike length of the Luanga project.

With multiple rigs turning on the Phase-2 program, and with final EM data interpretation due in days, things are progressing as planned at the 78 sq km Luanga project, which the Brazilian government has designated as a Strategic Minerals Project due to its large size and highly favorable metals mix. 

Our own Gerardo Del Real of Junior Resource Monthly caught up with Bravo Mining president Simon Mottram to go over the potentially game-changing deeper drill results ahead of the eagerly anticipated final EM data interpretation. 

And just around the corner, Gerardo will be meeting up with Simon in person at next month’s Precious Metals Summit in beautiful Beaver Creek, Colorado. We’ll be bringing you an exclusive sit-down from there, and we’ll also keep you posted on the forthcoming EM survey news, which should be out within the next ten or so days. 

In the meantime, be sure to sign up to receive updates directly from Bravo here. For more information on Bravo Mining Corp., please be encouraged to email the company’s IR department at info@bravomining.com.

Mike Fagan
Editor, Resource Stock Digest