Is this Brazil’s Next Big PGM+Nickel Deposit?

Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$3.50 per share — has received assays from an additional 10 infill holes at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium project in the world-class Carajás Mineral Province in northern Brazil.

The assays reveal that magmatic nickel sulphide mineralization exists outside of the North Sector, indicating the potential for nickel sulphides at depth along the entire 8.1 km strike length of the Luanga project. 

The results are setting up nicely for the next big piece of news, which is forthcoming data from the company’s airborne electromagnetic (EM) survey, which is underway across all 7,800-hectares (78 sq km) of the Luanga property.

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Is this Brazil’s Next Big PGM+Nickel Deposit?

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

“Recent drilling in the Southwest Sector (DDH23LU142) has intercepted the first evidence of magmatic nickel sulphide mineralization outside that previously intersected in the North Sector (August 16 th , 2022 news release). This indicates the potential for nickel sulphides at depth along the entire 8.1km strike of the Luanga project. Coupled with the continuing evidence of elevated levels of disseminated nickel sulphides throughout the Central Sector, a HeliTEM survey across the entire Luanga land package has begun, designed to find indications of massive sulphides targets. The Phase 2 drill program is progressing as planned, with drilling completed to date (assays pending) shown in Figure 4 for reference. This shows where drill coverage is heading and where future results will come from as we begin to explore the next 150m interval of mineralization vertically below the top 150m defined by historical work and Bravo's Phase 1 program.”

The Bravo team expects forthcoming results from the EM survey to produce the next set of massive sulphide targets at Luanga. Those results, along with the company’s expert interpretation, should start trickling in as early as next week.

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With multiple rigs turning on a Phase-2, 21,500-meter program, and with the EM survey underway, things are beginning to heat up at Luanga, which the Brazilian government has designated as a Strategic Minerals Project due to its large size and highly favorable metals mix. 

We’ll keep you updated as results from the EM survey are released. Be sure to also sign up to receive updates directly from the company here. For more information on Bravo Mining, please be encouraged to email the company’s IR department at

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest