Mike Fagan,
Editor
March 30, 2023
Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$3.35 per share — has commenced Phase-2 drilling at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium Project in the world-class Carajás Mineral Province in northern Brazil.
The Phase-2 program — slated for 21,500 meters — will focus on both extensional and exploration drilling.
Extensional drilling will aim to expand known zones of PGM+Au+Ni mineralization at depth and below the ~150 meters of vertical depth as previously defined by historical drilling and through Bravo’s recently completed Phase-1 program.
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View ReportsExploration drilling will target newly identified higher-grade magmatic nickel sulphide mineralization within the Luanga footwall (below the historically defined PGM+Au mineralization), new targets outside of the known mineralized zone, plus potential feeder zones to the main Luanga resource.
Bravo Mining chairman & CEO Luis Azevedo commented via press release:
“We are pleased to report the completion of the Phase 1 program, and the encouraging results thereof, while advancing both maiden mineral resource estimate ("MRE") and metallurgical testwork programs. The commencement of Phase 2 marks a significant milestone in Bravo's progress after only eight months since listing on the TSXV. Starting in the Central Sector, where thicker mineralized areas have been consistently encountered at depth, Phase 2 was initiated with extensional drilling below known mineralization and where we have also observed increasing levels of magmatic nickel sulphides associated with PGM+Au, albeit at an early stage of interpretation. Drilling will also be testing through the basal ultramafics, where most of the higher-grade magmatic nickel sulphides have been intersected to date, and significantly higher rhodium to palladium ratios have been identified, indicating the possibility of new styles of mineralization and a potential vector towards higher-grade nickel sulphide zones.”
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, a total of 165 drill holes (30 thus far in 2023) for more than 28,000 meters have been completed by the Bravo team; results have been reported for 112 holes with assays due for another forty-plus holes.
Importantly, Bravo is exceptionally well-funded to complete its 2023 field program at Luanga wherein speculators can anticipate a steady stream of drilling updates and assay releases over the coming quarters.
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View PublicationsOur own Gerardo Del Real of Junior Resource Monthly caught up with Bravo Mining president Simon Mottram for an in-depth look at the current drilling focus at Luanga, including the very exciting prospect of vectoring in on a potential nickel-copper sulphide feeder zone beneath the main Luanga resource.
Please enjoy!
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