Categories: Precious Metals
Topics: General Precious Metals

This Brazilian PGM+Gold Asset Just Got A Lot Bigger!

Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) — currently trading around C$4 per share — has announced 17 new priority exploration drill targets resulting from a highly successful EM survey across its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium project in the world-class Carajás Mineral Province in northern Brazil.

The HeliTEM survey, which covered the entire 7,800-hectare (78 sq km) Luanga property, produced 16 Priority One Anomalies and 16 Priority Two Anomalies. 

The resulting 17 priority drill targets (see below) will be tested in the upcoming drill round; six drill rigs are currently on-site, of which two will be assigned to the upcoming EM exploration drilling.

Bravo Mining CEO Luis Azevedo commented on the newly identified EM anomalies and new priority drill targets via press release:

“Bravo's HeliTEM has shown to be productive and highly encouraging, defining a significant number of EM anomalies. Following ground truthing and further examination in conjunction with Bravo's micro-gravity and ground magnetics geophysical dataset and the latest detailed geological and structural interpretations, 17 Priority Drill Targets have been selected for systematic drill testing. EM plate modeling and drill hole design has started with drilling anticipated to commence soon. To that end, we have sourced an additional two drill rigs, bringing the total on site to six.” 

In addition to the new EM targets, Bravo’s ongoing Phase-2 drill program continues to successfully target continuation of PGM+Au+Ni mineralization to ~300 meters below surface — 2X the depth of Bravo’s Phase-1 program and historical drilling performed by Vale.  

To date, Bravo has drilled 213 holes (78 in 2023) totaling 42,996 meters with assays due from 19 holes. Results received thus far have confirmed the thickness and tenor of mineralization from previous drilling and, in some cases, have significantly enhanced it — including higher than expected rhodium and nickel sulfide values.

Our own Gerardo Del Real of Junior Resource Monthly caught up with Bravo Mining president Simon Mottram to go over the potentially game-changing EM survey results along with next-steps in the exploration/drilling process. 

Gerardo will be meeting up with Bravo executive chairman, Luis Azevedo, in person later this week at the Beaver Creek Precious Metals Summit for a sit-down chat. Gerardo has his video team in tow… so we’ll have that full interview for you shortly thereafter. 

Be sure to also sign up to receive updates directly from Bravo here. For more information on Bravo Mining Corp., please be encouraged to email the company’s IR department at info@bravomining.com.

Mike Fagan
Editor, Resource Stock Digest