Bravo’s Trenching Program Expands High Grade Oxide PGM+Au Mineralization Highlights include 97m at 4.86g/t PGM+Au, including 24m at 14.36g/t PGM+Au and, 123m at 2.33g/t PGM+Au and, 145m at 1.42g/t PGM+Au, including11m at 4.45g/t PGM+Au
NEWS RELEASE
28 January 2025
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Bravo’s Trenching Program Expands
High Grade Oxide PGM+Au Mineralization
Highlights include 97m at 4.86g/t PGM+Au, including 24m at 14.36g/t PGM+Au and, 123m at
2.33g/t PGM+Au and, 145m at 1.42g/t PGM+Au, including11m at 4.45g/t PGM+Au
VANCOUVER, January 28, 2025 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”) is
pleased to report that it has received assay results from nine trenches in the North, Central and Southwest Sectors
at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project (“Luanga” or “Luanga PGM+Au+Ni
Project”), located in the World Class Carajás Mineral Province, state of Pará, Brazil.
“Trenching has consistently shown a greater lateral extent to the oxide PGM+Au mineralization at surface, which
includes areas with significantly higher grades. The continued success of trenching results suggests the potential for
an increase in the volume of oxide mineralization at Luanga. Additionally, the higher-grade zones within these sections
align with or enhance the grades observed in the drilling below the trenches, further supporting our interpretation of
supergene enrichment,” said Luis Azevedo, Chairman and CEO of Bravo.
Highlights Include:
▪ Trenching across the strike of the Luanga PGM+Au+Ni deposit has been successfully completed, covering all
three Sectors ( North, Central and Southwest), and results are ready for inclusion in the upcoming mineral
resource update.
▪ Results highlight a significant expansion in the lateral extent of shallow oxide mineralization, extending across
the topographic highs, along the entire 8.1km strike length of the Luanga deposit , whilst also confirming the
presence of supergene enrichment in the saprolite zone.
▪ Grades encountered in the trenches are often comparable to, or higher than, the grade of oxide mineralization
and often exceed the grade of the underlying fresh rock.
▪ Trench TRC24LU037 in the North Sector was positioned across historic hole FD0136 (17m @ 36g/t PGM+Au)
and Bravo’s twin hole DDH22LU043 (17m @ 38g/t PGM+Au). The trench results align well with the underlying
drill intercepts, with 97m at 4.86g/t PGM+Au, including 24m at 14.36g/t, dispersed over this area.
▪ Trenching has consistently shown evidence of “mushrooming” of the oxide mineralization and supergene
enrichment. This demonstrates the potential for volumetric growth in oxide mineralization in the future.
TRENCH-ID From
(m)
To
(m)
Thickness
(m)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t) Au (g/t) PGM + Au
(g/t) TYPE
TRC24LU033 151.8 297.0 145.2 1.00 0.37 0.04 0.03 1.42 Ox
Including 197.4 208.7 11.3 3.21 0.96 0.12 0.16 4.45 Ox
TRC24LU034 72.0 161.0 89.0 1.11 0.39 0.04 0.02 1.56 Ox
TRC24LU037 0.0 96.9 96.9 2.49 1.87 0.32 0.18 4.86 Ox
Including 61.5 85.9 24.4 7.04 5.82 0.97 0.52 14.36 Ox
TRC24LU052 64.6 187.6 123.0 1.40 0.73 0.08 0.12 2.33 Ox
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are along the topographic surface.
Type: Ox = Oxide. Recovery methods and results will differ based on the type of mineralization.
NEWS RELEASE
28 January 2025
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Luanga Trenching Program
Trenching across the strike of the Luanga PGM+Au+Ni deposit aims to improve the interpretation of near surface
mineralization and to reduce the distance/spacing between assay data points with the objective of supporting
mineral resource classification to the indicated category. The program has continued to be successful in meeting
Bravo’s objectives, with trenching now complete over all three Sectors of Luanga (North, Central and Southwest).
Trenches TRC24LU037, 039, and 041 cover the southern end of the North Sector. Trenches TRC24LU033 and 0 34
(Figure 1) are at the southern end of the Central Sector. Trenches TRC24LU047, 050, 052 and 054 are in the Southwest
Sector. The current trenching program is now complete. Figure 5 shows the location of all trenches reported in this
news release.
Figure 1: Trenching in the Central Sector.
Trenching results continue to highlight significant expansion in the lateral extent of shallow oxide mineralization,
which extends down both slopes of the topographically elevated areas, along the entire 8.1km strike length of the
Luanga PGM+Au deposit. Results also continue to confirm the presence of enrichment in the saprolite zone (above
the base of oxidation), encountering grades that are equal or better than average grades of oxide mineralization in
surrounding drill holes . In the North Sector, trench TRC24LU037 (Figure 2, Section 1) passes above historic hole
FD0136 (17m @ 36g/t PGM+Au) and the Bravo twin hole to this, 22LU043 (17m @ 38g/t PGM+Au). The Bravo twin
hole replicated the historic hole extremely well, while the new trench result closely reflects the drill results below,
with 97m at 4.86g/t PGM+Au (including 24m at 14.36g/t) dispersed over this area.
Figure 2 (Section 1) illustrates the extent of surface oxide mineralization compared to underlying narrower high-
grade zones observed in historic hole FD0136 (17m @ 36g/t PGM+Au) and the Bravo twin hole to this, 22LU043 (17m
@ 38g/t PGM+Au).
NEWS RELEASE
28 January 2025
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Trench TRC24LU037 shows similar high grades, but now dispersed over a much larger are a, with 97m at 4.86g/t
PGM+Au (including 24m at 14.36g/t). This “mushrooming” of oxide mineralization demonstrates the potential for
volumetric growth in future oxide mineralization that was not possible to define by drilling alone.
Trenching has now been completed over the 8.1km strike length of the Luanga deposit.
Figure 2: North Sector (Section 1 on Figure 4) – Trenching showing the extent of surface mineralization in comparison to drilling below.
Figure 3 (Section 2) clearly defines the position of mineralization where it reaches surface, while illustrating the extent
of surface oxide mineralization compared to underlying zone of primary (fresh rock) mineralization observed in
drilling below the trench.
Mineralized widths and grades in all 4 drill holes on this section are relatively similar, while the assay results in trench
TRC24LU052 also reflect closely to the drilling. However, surface dispersion covers 123m across the topographic high,
showing potential for volumetric growth while maintaining a similar grade. Again, t his “mushrooming” of oxide
mineralization in the supergene zone demonstrates the potential for volumetric growth in future oxide
mineralization that was not possible to define by drilling alone.
NEWS RELEASE
28 January 2025
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Figure 3: Southwest Sector (Section 2 on Figure 4) – Trenching defining the location and extent of mineralization at surface.
The same sampling, assay laboratory procedures and QAQC protocols as applied to drill core sampling are applied to
trench samples.
Luanga Drilling & Trenching Status
A total of 345 drill holes have been completed by Bravo to date, for 73,675.65 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 304 Bravo drill holes to date. Assay results for 33
Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of
45 trenches have been completed to date (for 9,065.73 metres), with results for all trenches reported.
NEWS RELEASE
28 January 2025
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Complete Table of Recent Intercepts - Trenching
TRENCH-ID From
(m)
To
(m)
Thickness
(m)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t) Au (g/t) PGM + Au
(g/t) TYPE
TRC24LU033 61.10 76.70 15.60 0.45 0.14 0.04 0.15 0.79 Ox
And 79.70 82.70 3.00 0.74 0.26 <0.01 0.24 1.25 Ox
And 121.80 147.80 26.00 0.63 0.21 0.04 0.03 0.91 Ox
And 151.80 297.00 145.20 1.00 0.37 0.04 0.03 1.42 Ox
Including 197.35 208.65 11.30 3.21 0.96 0.12 0.16 4.45 Ox
And 303.00 323.20 20.20 0.24 0.21 0.01 0.01 0.46 Ox
TRC24LU034 72.00 160.95 88.95 1.11 0.39 0.04 0.02 1.56 Ox
And 167.45 181.45 14.00 0.45 0.26 0.02 0.01 0.74 Ox
TRC24LU037 0.00 96.90 96.90 2.49 1.87 0.32 0.18 4.86 Ox
Including 61.50 85.90 24.40 7.04 5.82 0.97 0.52 14.36 Ox
And 129.80 144.60 14.80 0.97 0.33 0.09 0.09 1.48 Ox
TRC24LU039 41.40 75.10 33.70 0.38 0.30 0.07 0.05 0.08 Ox
And 108.90 132.90 24.00 0.23 0.18 0.02 0.04 0.47 Ox
TRC24LU041 0.00 29.00 29.00 0.56 0.24 0.05 0.07 0.91 Ox
And 114.10 117.10 3.00 0.52 0.25 0.01 0.08 0.86 Ox
TRC24LU047 15.00 31.00 16.00 0.38 0.19 <0.01 0.02 0.59 Ox
And 90.40 117.95 27.55 0.48 0.19 0.02 0.02 0.70 Ox
TRC24LU050 3.00 79.60 76.60 0.64 0.30 0.03 0.02 1.00 Ox
TRC24LU052 0.00 9.70 9.70 0.59 0.09 0.01 0.04 0.74 Ox
And 21.40 48.70 27.30 0.73 0.33 0.02 0.10 1.18 Ox
And 64.60 187.60 123.00 1.40 0.73 0.08 0.12 2.33 Ox
TRC24LU054 31.15 101.75 70.60 0.57 0.29 0.02 0.02 0.90 Ox
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are along the topographic surface.
Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NEWS RELEASE
28 January 2025
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Figure 4: Location of Bravo Trenches and Sections Reported in this News Release
NEWS RELEASE
28 January 2025
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About Bravo Mining Corp.
Bravo is a Canadian and Brazil -based mineral exploration and development company focused on advancing its
PGM+Au+Ni Luanga Project , as well as our Cu -Au exploration opportunities in the world -class Carajás Mineral
Province, Para State, Brazil.
Bravo is one of the most active explorers in Carajás. The team, comprising of local and international geologists, has
a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG
greenfield project from discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating
mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including
road, rail, ports, and hydroelectric grid power. A fully funded +70,000m infill, step out and exploration drilling and
trenching program was completed in 2024. Bravo’s current Environmental, Social and Governance activities includes
planting more than 30,000 high-value trees in and around the project area, while hiring and contracting locally.
Technical Disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow
Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company’s “qualified
person” as defined in Nationa l Instrument 43 -101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr.
Mottram has verified the technical data and opinions contained in this news release.
For further information about Bravo, please visit www.bravomining.com or contact:
Luis Azevedo, Chairman and CEO or
Alex Penha, EVP Corporate Development
T: +1-416-509-0583
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NEWS RELEASE
28 January 2025
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Forward Looking Statements
This news release contains forward -looking information which is not comprised of historical facts. Forward -looking
information is characterized by words such as “consistent”, “greater”, “significant”, “high -grade”, “success”,
“potential”, “increase”, “enhance”, “growth”, “ improve”, “ highlight”, “ better”, “ extremely well ”, “much larger ”,
variants of these words and other similar words, phrases, or statements that certain events or conditions “may”,
“should” or “will” occur. This news release contains forward -looking information pertaining to the Company’s
trenching program; the interpretation of the results of trench data, including that the mineralization thickens in the
saprolite, is locally supergene enriched , and the impact on future mineral resource estimates thereof; the potential
that similar thickening and supergene enrichment may be present along the entire strike length of the Luanga deposit
and the impact on mineral resource estimates there after; the potential future economics of the saprolite material,
including the recoverability of PGMs and Au therein; and the Company’s plans in respect thereof. Forward -looking
information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities
to differ materially from those expressed or implied by such forward -looking information. Factors that could cause
actual results to differ materially from such forward-looking information include, but are not limited to, unexpected
results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance
coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward -
looking information in this news release is based on the opinions and assumptions of management considered
reasonable as of the date hereof, including, but not limited to results from trenching reasonably reflect consistent
zones of oxide mineralization and that future results from additional trenching will continue to see similar b road
distribution of oxides with higher grades that the current MRE ; that activities will not be adversely disrupted or
impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the
Luanga Project will not be materially affected by potential supply chain disruptions; and ge neral business and
economic conditions will not change in a materially adverse manner. Although the Company believes that the
assumptions and factors used in preparing the forward -looking information in this news release are reasonable,
undue reliance should not be placed on such information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, other than as required by applicable securities laws.