Mike Fagan,
Editor
June 2, 2023
Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$3.50 per share — has received assays from an additional nineteen infill holes at its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium project in the world-class Carajás Mineral Province in northern Brazil.
Assays continue to compare favorably with results from historical drilling and with wider spaced drill holes completed previously by Bravo at the Central and Southwest sectors of the resource stage project.
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View ReportsBravo Mining chairman & CEO Luis Azevedo neatly summarized the findings in the company’s 25 May 2023 press release:
“Recent assay results from infill drilling at Luanga continue to consistently enhance our understanding of the historical data. In the Southwest Sector, DDH22LU116 intersected the thickest known interval of continuous PGM+Au mineralization (in that sector). Further trenching is planned in the Southwest Sector to determine whether there is an increase in grade and thickness at surface, similar to what we observed in trenching the Central Sector. Meanwhile, results from drilling of the Central Sector continue to show mineralization dominated by a single thick zone, with higher-than-expected nickel concentrations as drilling continues to advance at depth. We look forward to further testing the potential for mineralization at depth with the Phase 2 drill program, and in particular the commencement of the HeliTEM survey at the end of this month, designed to cover the whole area of the Luanga Project.”
Of particular interest, the company continues to intercept magmatic nickel sulfides at depth, especially in the Central Sector where the focus is on finding a potential feeder zone to the mineralized system.
Those efforts will be further enhanced via an airborne electromagnetic (EM) survey across the entire 7,800-hectare Luanga property, which is likely just underway as you’re reading this.
As you’re about to discover in our exclusive interview with Bravo president Simon Mottram, Simon’s preferred geophysical tool is EM. He says, “If you’ve got massive sulfides — it's going to show up!”
The EM readout will basically light up like a Christmas tree if massive sulfides are present; the Bravo team expects to have results starting in June, and that could mean a whole new set of high-priority drill targets for the next drill phase.
Keep in mind also that tier-one-potential Luanga project, which has been designated by the Brazilian government as a Strategic Minerals Project, already 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.
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View PublicationsThe company’s ongoing Phase-2, 21,500 meter drill program commenced last month and is focused on extensional drilling to depth (below the known mineralization) as well as exploratory drilling of new magmatic nickel sulphide targets.
In all, results have been reported for 138 Bravo drill holes to date, which includes all drilling completed in 2022. Excluding the metallurgical holes, results for 32 Bravo drill holes are currently outstanding.
And with multiple rigs continuing to spin at Luanga, there should be no let up in assay results over the coming weeks and months.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Bravo Mining president Simon Mottram to go over the latest batch of infill results, plus a look ahead to the highly anticipated EM survey. 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