Categories: Base Metals
Topics: General Base Metals

Investing in Critical Metals

Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$3.20 per share — has received assays from 27 drill holes primarily from the Northern Sector at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium Project in the world-class Carajás Mineral Province in northern Brazil.

Highlights include 44.5 meters of 2.07 g/t PGM+Au and 16 meters of 4.11 g/t PGM+Au.

Importantly, mineralization in the Northern Sector is characterized by multiple stacked zones of PGM+Au mineralization with magmatic nickel sulphide mineralization appearing to be more prevalent on the footwall ultramafic side of the system.

As the geological picture at Luanga continues to come into focus, the Bravo team is setting its sights on testing the extent of magmatic nickel sulphide mineralization at depth in the upcoming drill rounds.

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

“The latest results from Luanga's Northern Sector continue to provide excellent results, comparing well with historic drilling on nearby drill sections, in both tenor and mineralized thickness. Results also confirm that rhodium is a significant part of the Luanga project, with unique high-grade levels of rhodium now identified in all three Sectors at Luanga. Drilling in the Northern Sector has not yet made significant progress into the basal ultramafic footwall; however, we still see evidence for increasing levels of magmatic nickel sulphides as drilling approaches the basal position. We look forward to starting the Phase 2 program including testing the potential depth extents of Luanga PGM+Au+Ni mineralization combined with testing the potential for magmatic nickel sulphide mineralization at depth.”

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.

To date — as part of an ongoing Phase-1 redrill program of the historic mineral resource area at Luanga — Bravo has completed 160 drill holes (25 thus far in 2023) across 27,794 meters with assays received from 85 holes. The company is awaiting results from 48 recently completed holes.

The ongoing Phase-1 program is close to wrapping up with only 9 priority drill holes remaining to be completed before the commencement of Phase-2, which is slated for 21,500 meters.

Phase-2 will focus on step out drilling with the aim of extending known zones of mineralization at depth as well as exploration of new targets within the Luanga footwall (potential feeder zones) as identified via EM surveying, plus exploration of new targets outside of the currently defined mineralized trends.

Results will be used to further increase confidence in the geologic model at Luanga and to provide the basis for the company’s forthcoming maiden NI 43-101 mineral resource estimate and, shortly thereafter, a PEA (Preliminary Economic Assessment).

Building off recent upward momentum — and with the Bravo team continuing to demonstrate efficient and targeted drilling prowess along with its stated objective of moving quickly into Phase-2 — speculators can expect a steady stream of news flow out of Luanga over the coming quarters with which to potentially move the needle.   

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