Bravo’s HeliTEM Survey Defines 17 Priority Exploration Drill Targets for Systematic testing at Luanga
NEWS RELEASE
11 September 2023
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Bravo’s HeliTEM Survey Defines 17 Priority Exploration Drill Targets for
Systematic testing at Luanga
VANCOUVER, September 11, 2023 – Bravo Mining Corp. (TSXV: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
announced that it has received the final data from its helicopter based (HeliTEM) electromagnetic (EM) geophysical
survey over its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project (“Luanga” or “Luanga
PGM+Au+Ni Project”), located in the Carajás Mineral Province, state of Pará, Brazil.
“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 ,” said Luis Azevedo, Chairman and CEO of Bravo. “EM plate modelling 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.”
Highlights Include:
▪ A HeliTEM geophysical survey (Figure 1 ) targeting massive sulphide mineralization that potentially could
contain nickel ± copper, was completed over the Luanga project (7,810ha).
▪ Numerous of EM anomalies have been identified in the survey, which includes 16 Priority One Anomalies and
16 Priority Two Anomalies. The remainder are lower priority anomalies.
▪ From these anomalies, 17 Priority Drill Targets have been selected to be tested in the first round of drilling.
▪ Work is now underway to create plate models and design proposed drill holes to test them.
▪ Detailed ground micro-gravity and magnetic surveys have also been completed and utilised in this work.
▪ Six drill rigs are now on-site, of which two will be assigned to the pending EM exploration drilling once ready.
Figure 1: HeliTEM Equipment leaving landing area to commence work.
NEWS RELEASE
11 September 2023
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Luanga Geophysics Update
Final data has been received from the HeliTEM (airborne electromagnetics) survey completed over the entire
(7,810ha) Luanga project (Figure 4) . Initial target identification and ranking has been completed, identifying a
numerous EM anomalies including 16 Priority One anomalies, 16 priority two anomalies, with the remainder being
low order anomalies.
Priority 1 and 2 a nomalies were ranked using the newly completed ground micro -gravity and magnetic surveys,
together with Bravo’s latest detailed geological and structural interpretations, soil geochemistry data and the existing
drilling database. From this work 17 Priority Drill Targets have been selected (Figure 2 and 3).
Figure 2: 17 First Priority EM Targets Shown Over Luanga Local Geology.
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11 September 2023
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The Priority Drill Targets are all comprised of strong EM anomalies, which coincide with favourable ultramafic
positions below or close to the previously identified main Luanga PGM+Au+Ni mineralization, or are proximal to (T6,
T7, T8 and T9) the ultramafic which strikes East from Luanga and/or have favourable Ni/Cu soil geochemistry.
Detailed interpretation, including EM plate modelling and drill hole design has started, with drilling set to commence
as soon as possible. Bravo has 2 drill rigs ready (of the 6 rigs now on site) available for this work.
Figure 3: 17 First Priority EM Targets show over Magnetics. Ultramafics (magnetic low shown in blue) below Luanga PGM drilling.
NEWS RELEASE
11 September 2023
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Luanga Drilling Update
The Phase 2 Drilling Program targeting the continuation of PGM+Au+Ni mineralization to approximately 300m below
surface, or twice as deep as Phase 1 or historical drilling, continues to progress well.
A total of 213 drill holes (78 in 2023) have been completed by Bravo to date, for 42,996 metres, including 8 planned
twin holes and 8 metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill
holes to date. Results for 19 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes).
Figure 4: Coverage of Bravo HeliTEM Airborne Geophysical Survey Reported in this News Release
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About Bravo Mining Corp.
Bravo is a Canada and Brazil-based mineral exploration and development company focused on advancing its Luanga
PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.
The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity to
existing infrastructure, including road, rail, and clean and renewable hydro grid power. A fully funded 63,000m infill,
step out and exploration drilling is currently underway . Bravo’s current Environmental, Social and Governance
activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the
environment during its exploration activities.
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:
Alex Penha
EVP Corporate Development
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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 “encouraging”, “potential feeder”, “continue”, “potential”,
“favourable”, or 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 ongoing drill program and the results thereof including the potential for extensions to mineralization to
depth and the potential to convert such extensio ns into mineral resources; the results of geophysical surveys and
whether interpretations of them are related to mineralization; 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 regu latory 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, the assumption that the assay
results confirm that the interpreted mineralization contains significant values of nickel , PGMs and Au; that the
mineralization remains open to depth, that Ni grades are improving to depth, that final drill and assay results will be
in line with management’s expectations; that activities will not be adversely disrupted or impeded by regulatory,
political, community, eco nomic, environmental and/or healthy and safety risks; that the Luanga Project will not be
materially affected by potential supply chain disruptions; and general business and economic conditions will not
change in a materially adverse manner. Although the C ompany 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.
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Schedule 1: HeliTEM Survey Specifications
Acquisition Equipment
Description Specification
Manufacturer Xcalibur
Model Helitem2
Frequency Base 15 Hz
Pulse Ramp 450 μs
Off time Channels 25
Power 560,000 Am2 (@+1°C)
Sensor Coil 3 Component
Loop Diameter 30 m
Sampling Rate 10 Hz
Base Station/System Clock
Description Specification
Manufacturer Scintrex CS-3 Cesium Vapor
Operating Range 15 - 105 nT
Sampling Rate 10 Hz