New IPO: Tier One Green Metals Stock

Bravo Mining Corp. (TSX-V: BRVO) — newly-IPO’d and currently trading around C$1.70 per share — has intersected massive sulphide mineralization in drill core via its Phase-1, six-rig drill program at the flagship Luanga PGM project located in the world-class Carajás Mineral Province of Brazil.

The Carajás Mineral Province is the world’s largest producer of high-grade iron ore and a major supplier of copper, nickel, and manganese. 

Drilling is currently progressing in various locations along the entire 7 km strike length of the palladium-dominant project, including to the north where final surface access agreements have now been signed and which now cover 100% of the Luanga mineralized envelope. 

Geologists onsite have visually identified the presence of massive sulphide mineralization in drill core (see below), which is currently being prepared for assaying. 

Geologists onsite have visually identified the presence of massive sulphide mineralization in drill core.

Bravo Mining CEO Luis Azevedo commented via press release:

“Intersecting this style of massive sulphide mineralization for what we believe to be the first time at Luanga is a potentially material development. The drill hole has already been cased with PVC for planned downhole electromagnetic survey (DHTEM), and we will shortly be commencing a detailed ground gravity survey. Both geophysical techniques could help guide follow-up drill holes. We believe that further discovery potential exists at Luanga, particularly regarding prospective zones below the PGM mineralization and the geophysics could help direct that work.”

The Luanga project — which boasts a 7-km-long mineralized trend and has a historical resource by way of previous owner and major mining firm Vale SA — has been selected by the Brazilian government as a Strategic Metals Project and is eligible for a streamlined permitting process, which materially de-risks future project development. 

The favorable governmental designation was granted based on several key factors at Luanga including:

  • Green metals mix: PGMs [palladium, platinum, rhodium] + gold, nickel  
  • Close proximity to 3 operating mines with completed environmental surveys
  • No native forest and no communities within a 10 km radius

Luanga’s unique metals mix is particularly important in that PGMs (Platinum Group Metals) — as well as the base metal nickel — are deemed critical metals in the green-energy revolution that’s taking place globally, driven primarily by the worldwide boom in EVs. 

PGM supply is currently dominated by Russia and South Africa. Hence, the potential for a new PGM deposit-of-consequence in Brazil by Bravo Mining Corp. could certainly drive some excitement if the drills — or truth machines as I like to call them — are able to prove up a large, high-grade polymetallic deposit. 

Bravo’s current Phase-1, 6-rig, 25,500-meter drill program is being deployed to confirm, infill, and step-out from the previously defined mineralization with the aim of increasing confidence in the geological model while providing the basis for future mineral resource estimates. 

Highlight intercepts to-date at Luanga include 6.5 g/t PGM+Au over 11 meters and 6.45 g/t PGM+Au over 8.6 meters. In addition to infill and step-out drilling, the Bravo Mining team plans to conduct deeper drilling in select zones to target extensions of the known mineralization.

For speculators, now’s the time to get to know Bravo Mining Corp. The junior firm just commenced trading last month and has multiple drills turning on a large PGM+Au+Ni project with assays pending and with designation by the Brazilian government as a Strategic Metals Project. 

Looking ahead, Bravo is planning a 2023 Phase-2, 21,500-meter drill program at Luanga to be followed by the release of a maiden NI 43-101 mineral resource estimate by year-end. 

Our own Gerardo Del Real caught up with Bravo Mining lead director Dr. Nicole Adshead-Bell in an exclusive interview that covers the company’s genesis, its experienced management team, and the plan for unlocking the potential of this tier-one asset. 

We’ll bring you the full interview tomorrow. So be sure to keep an eye out for it. 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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