Bravo’s Luanga PGM+Au+Ni Deposit Continues to Deliver Significant Mineralized Grades & Thicknesses Highlights include 21m at 9.34g/t PGM+Au, 116m at 1.59g/t PGM+Au, 5m at 16.40g/t PGM+Au, and 42m at 2.41g/t PGM+Au, 0.12% Ni
NEWS RELEASE
05 November 2024
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Bravo’s Luanga PGM+Au+Ni Deposit Continues to Deliver Significant
Mineralized Grades & Thicknesses
Highlights include 21m at 9.34g/t PGM+Au, 116m at 1.59g/t PGM+Au,
5m at 16.40g/t PGM+Au, and 42m at 2.41g/t PGM+Au, 0.12% Ni
VANCOUVER, November 5, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
received assay results from twenty-five diamond drill holes (“DDH”) from its 100% owned Luanga palladium +
platinum + rhodium + gold + nickel deposit (“Luanga deposit” or “ Luanga PGM+Au+Ni deposit”), located in the
Carajás Mineral Province, state of Pará, Brazil.
“Today’s drilling results mark another step forward as Bravo progresses towards completing the 2024 PGM definition
drilling program to support future MRE updates . These results continue to intercept high grades over thick
intersections, including those in the Oxide and Low Sulphide zones that have high platinum to palladium ratios.”, said
Luis Azevedo, Chairman and CEO. “The Luanga Project’s consistent delivery of robust results and advancements across
various potential development tracks solidify its position as a leading candidate to become a major new Western
supplier of these essential metals through market cycles and away f rom sources affected by geopolitical risks and
deep operational challenges. The Project’s potential benefits from the substantial infrastructure of the Carajás
District, including cost-effective hydro power as well as ready access to power lines, highways, rail, water, labour, and
suppliers.”
Highlights Include:
▪ Infill and extensional d rilling in the Central Sector continue to reveal improved mineralized grades and
thicknesses as compared to previous 100m spaced sections.
▪ Much of the mineralization intersected in the new drilling lies within 150m of surface and remains open for
further extension to depth.
▪ Drilling in the North Sector of the Luanga deposit continues to demonstrate high-grade supergene
mineralization in the oxide zone (e.g. 21m at 9.34g/t PGM+Au in DDH24LU264) and wide zones of mineralization
in the fresh rock (e.g. 116m at 1.59g/t PGM+Au in DDH24LU266).
▪ Drilling at T5 target continues to extend mineralization eastward. Testing of the Bore Hole Electromagnetic
(“BHEM”) anomaly at T1 will commence soon, as well as drill testing of a new copper/gold target west of T5.
HOLE-ID From To Thickness
(m)
Pd Pt Rh Au PGM + Au Ni* (%)
Sulphide TYPE Sector (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t)
DDH24LU264 0.00 21.00 21.00 1.05 8.14 0.08 0.07 9.34 NA Ox North
DDH24LU265 128.30 164.60 36.30 0.45 1.36 0.04 0.01 1.87 0.01 FR/LS North
And 201.60 228.60 27.00 1.64 0.93 0.18 0.04 2.78 0.07 FR North
DDH24LU266 29.70 146.00 116.30 0.54 1.01 0.03 0.01 1.59 0.02 FR North
DDH24LU269 49.65 54.65 5.00 10.46 5.09 0.77 0.08 16.40 0.04 FR Central
DDH24LU271 69.20 81.20 12.00 2.09 0.92 0.14 0.01 3.16 0.12 FR Central
DDH24LU275 25.80 46.90 21.10 2.34 0.81 0.15 0.03 3.33 0.10 FR Central
DDH24LU277 86.90 89.90 3.00 22.13 8.56 1.01 0.06 31.65 0.03 FR Central
And 175.90 179.90 4.00 3.21 13.93 0.62 0.01 17.77 0.02 FR/LS Central
DDH24LU278 23.00 27.00 4.00 4.13 2.18 0.31 0.03 6.64 0.02 FR Central
DDH24LU280 150.50 184.50 34.00 1.71 0.56 0.08 0.17 2.52 0.29 FR Central
DDH24LU281 102.80 142.80 40.00 1.43 0.51 0.07 0.14 2.16 0.23 FR Central
DDH24LU282 170.65 213.30 42.65 1.67 0.61 0.09 0.04 2.41 0.28 FR Central
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material. Given the orientation of drilling and
mineralization, intercepts are estimated at 1 15% to 135% of true thickness in the Central Sector, and 135% to 155% of true thickness in the
North Sector. Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
* Bravo’s nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays.
NEWS RELEASE
05 November 2024
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Luanga Drilling Update
Results from twenty-five diamond drill holes have been received , eight from the North Sector and seventeen from
the Central Sector of the Luanga PGM+Au+Ni deposit . All the drill holes reported herein are angled holes ( -60
degrees), towards an azimuth of 090° in the North Sector and 330° in the Central sector. Together, this set of drill
holes comprise a total of 4,994.6 metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector shows an infill section , with DDH24LU282 being the deepest drill hole on
the section, exhibiting a wide zone of mineralization, open at depth, within 150m from surface, and consistently
increasing in grade from DDH2 3LU230 to DDH24LU2 37 to DDH24LU2 82. These results continue to support the
mineralization defined on Bravo’s earlier 100m spaced sections. This work continues to bode well for potential future
project studies.
Figure 1: Central Sector (Section 1 on Figure 4). Mineralized Grades and thicknesses continue to increase with depth.
NEWS RELEASE
05 November 2024
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Section 2 (Figure 2) shows infill hole DDH24LU280, in the Central Sector, aimed at increasing classification confidence
in the next MRE update. Drilling also shows mineralized grades and thicknesses that are similar to, or better than,
drilling from earlier Bravo phases on either side of this drill hole (DDH23LU058 and DDH23LU136) . Trenching
(TRC24LU031A/B) on this section also demonstrates the more significant volume of near surface oxide mineralization
(due to dispersion) compared to more discrete thicknesses intersected by drilling in the fresh rock below. These
results will support future Mineral Resource Estimate (“MRE”) updates.
Figure 2: Central Sector (Section 2 on Figure 4). Infill drilling continues to support previous drilling results by Bravo.
NEWS RELEASE
05 November 2024
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Section 3 (Figure 3) is an infill section in the Central Sector. Drilling (DDH24LU275, and DDH22LU059) also shows clear
evidence of better mineralized grades and thicknesses compared to historic drilling (PPT-LUAN-FD0121) between the
Bravo drill holes, again with mineralization defined to date less to ~150m from surface and still open at depth.
Figure 3: Central Sector (Section 3 on Figure 4). Better mineralized grades and thicknesses compared to historic drilling.
HeliTEM (Helicopter borne EM) and Copper/Gold Exploration Update
Exploration is progressing on both BHEM targets and HeliTEM targets. Drilling continues at T5, the previously
reported massive sulphide Cu-Ni discovery (see news release dated May 28, 2024), expanding mineralization to the
east. Drilling to follow up BHEM at T1 will commence soon, along with drill testing of a new copper target located
west of T5.
NEWS RELEASE
05 November 2024
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Drill Results Status Update
A total of 338 drill holes have been completed by Bravo to date, for 72,006 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 2 97 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
42 trenches have been completed to date (for 8,317 metres), with results for 37 trenches reported and results for 5
trenches pending.
Complete Table of Recent Intercepts.
HOLE-ID From To Thickness
(m)
Pd Pt Rh Au PGM + Au Ni* (%)
Sulphide TYPE (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t)
DDH24LU260 119.90 123.90 4.00 2.68 4.24 2.22 0.52 9.66 0.01 FR/LS
DDH24LU261 0.00 41.50 41.50 0.44 0.77 0.03 0.01 1.24 NA Ox
And 53.90 73.90 20.00 0.27 0.59 0.08 <0.01 0.94 0.02 FR/LS
And 88.90 90.90 2.00 0.31 0.89 0.13 0.01 1.34 0.02 FR/LS
And 111.90 113.90 2.00 0.95 2.53 0.49 0.02 4.00 0.02 FR/LS
And 181.90 192.90 11.00 0.39 0.23 0.04 0.01 0.66 0.03 FR
DDH24LU262 0.00 35.00 35.00 0.33 0.68 0.03 0.01 1.05 NA Ox
And 35.00 49.00 14.00 0.16 0.46 0.05 0.01 0.66 0.01 FR/LS
And 58.00 63.00 5.00 1.16 4.61 0.92 0.03 6.71 0.02 FR/LS
And 146.00 152.00 6.00 0.91 2.62 0.42 0.15 3.96 0.15 FR
DDH24LU263 0.00 29.90 29.90 0.64 0.68 0.02 <0.01 1.34 NA Ox
And 62.50 68.55 6.05 0.35 0.76 0.03 0.01 1.15 0.01 FR/LS
And 72.55 104.60 32.05 0.27 0.60 0.04 <0.01 0.91 0.01 FR/LS
And 147.60 151.60 4.00 0.64 0.63 0.11 0.03 1.40 0.14 FR
And 177.60 192.60 15.00 0.39 0.18 0.02 0.05 0.64 0.09 FR
DDH24LU264 0.00 21.00 21.00 1.05 8.14 0.08 0.07 9.34 NA Ox
And 31.25 85.30 54.05 0.37 0.71 0.02 <0.01 1.10 0.01 FR/LS
DDH24LU265 128.30 164.60 36.30 0.45 1.36 0.04 0.01 1.87 0.01 FR/LS
And 201.60 228.60 27.00 1.64 0.93 0.18 0.04 2.78 0.07 FR
DDH24LU266 0.00 7.85 7.85 0.30 1.01 0.04 0.01 1.35 NA Ox
And 29.70 146.00 116.30 0.54 1.01 0.03 0.01 1.59 0.02 FR
And 186.00 194.00 8.00 0.59 0.42 0.08 0.01 1.10 0.10 FR
DDH24LU267 67.00 92.00 25.00 0.21 0.49 0.03 <0.01 0.73 0.01 FR
And 236.80 242.80 6.00 0.54 0.37 0.05 <0.01 0.97 0.06 FR
And 269.80 277.80 8.00 0.23 0.10 0.04 <0.01 0.37 0.21 FR
DDH24LU268 0.00 12.00 12.00 0.31 0.62 0.07 0.01 1.02 NA Ox
DDH24LU269 49.65 54.65 5.00 10.46 5.09 0.77 0.08 16.40 0.04 FR
And 107.30 149.30 42.00 0.31 0.25 <0.01 <0.01 0.57 0.03 FR
DDH24LU270 47.00 88.00 41.00 0.27 0.22 0.01 <0.01 0.51 0.02 FR
DDH24LU271 0.00 5.15 5.15 0.84 0.33 0.03 0.03 1.25 NA FR
And 69.20 81.20 12.00 2.09 0.92 0.14 0.01 3.16 0.12 FR
And 181.20 249.20 68.00 0.31 0.29 0.01 <0.01 0.61 0.02 FR
DDH24LU272 0.00 2.70 2.70 0.49 0.29 0.06 0.02 0.87 NA Ox
And 20.10 28.35 8.25 0.44 0.18 0.03 0.02 0.67 NA Ox
And 31.00 38.00 7.00 1.01 0.41 0.08 0.03 1.54 0.19 FR
And 48.00 58.00 10.00 1.48 0.54 0.09 0.18 2.29 0.21 FR
And 136.00 191.00 55.00 0.34 0.31 0.01 <0.01 0.66 0.01 FR
DDH24LU273 0.00 12.75 12.75 1.21 0.49 0.08 0.02 1.80 NA Ox
And 86.60 110.60 24.00 0.29 0.24 0.01 <0.01 0.53 0.01 FR
And 122.60 125.60 3.00 0.20 0.61 0.10 <0.01 0.92 0.01 FR/LS
DDH24LU274 0.00 6.00 6.00 0.33 0.21 0.01 0.01 0.56 NA Ox
And 20.50 52.70 32.20 0.32 0.26 0.01 <0.01 0.59 0.01 FR
DDH24LU275 0.00 5.80 5.80 0.50 0.34 0.05 0.03 0.92 NA Ox
NEWS RELEASE
05 November 2024
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HOLE-ID From To Thickness
(m)
Pd Pt Rh Au PGM + Au Ni* (%)
Sulphide TYPE (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t)
And 25.80 46.90 21.10 2.34 0.81 0.15 0.03 3.33 0.10 FR
And 131.90 174.90 43.00 0.31 0.24 0.01 <0.01 0.57 0.02 FR
DDH24LU276 0.00 4.00 4.00 0.60 0.26 0.03 0.01 0.89 NA Ox
And 84.50 96.50 12.00 0.33 0.20 0.01 <0.01 0.54 0.02 FR
DDH24LU277 0.00 1.79 1.79 0.49 0.22 0.28 0.02 1.01 NA FR
And 75.90 80.90 5.00 0.67 0.39 0.04 0.02 1.11 0.05 FR
And 86.90 89.90 3.00 22.13 8.56 1.01 0.06 31.65 0.03 FR
And 149.90 161.90 12.00 0.18 0.38 0.01 0.01 0.58 0.01 FR/LS
And 175.90 179.90 4.00 3.21 13.93 0.62 0.01 17.77 0.02 FR/LS
DDH24LU278 14.00 17.00 3.00 2.28 0.93 0.16 0.02 3.38 NA Ox
And 23.00 27.00 4.00 4.13 2.18 0.31 0.03 6.64 0.02 FR
And 120.50 126.77 6.27 0.20 0.33 0.01 0.01 0.54 0.01 FR
DDH24LU279 39.50 44.50 5.00 0.35 0.33 0.01 0.01 0.69 0.02 FR
DDH24LU280 107.95 112.75 4.80 0.59 0.20 0.03 0.06 0.88 0.31 FR
And 150.50 184.50 34.00 1.71 0.56 0.08 0.17 2.52 0.29 FR
And 206.50 237.50 31.00 0.25 0.24 <0.01 0.01 0.51 0.02 FR
DDH24LU281 15.90 19.60 3.70 0.60 0.26 <0.01 0.32 1.18 NA Ox
And 56.80 60.80 4.00 0.45 0.15 <0.01 0.09 0.68 0.19 FR
And 63.80 66.80 3.00 0.61 0.24 <0.01 0.11 0.97 0.12 FR
And 79.80 87.80 8.00 0.29 0.11 0.01 0.10 0.50 0.11 FR
And 93.80 96.80 3.00 0.23 0.10 0.01 0.02 0.36 0.20 FR
And 102.80 142.80 40.00 1.43 0.51 0.07 0.14 2.16 0.23 FR
And 146.80 171.80 25.00 0.24 0.22 0.02 0.01 0.47 0.02 FR
DDH24LU282 170.65 213.30 42.65 1.67 0.61 0.09 0.04 2.41 0.28 FR
And 218.30 252.30 34.00 0.32 0.23 0.01 0.01 0.57 0.01 FR
And 295.30 299.30 4.00 1.80 1.75 0.27 0.14 3.97 0.04 FR
And 306.30 310.30 4.00 0.15 0.40 0.02 <0.01 0.61 0.02 FR
DDH24LU283 22.10 27.80 5.70 0.60 0.23 0.02 0.01 0.86 0.01 FR
DDH24LU284 109.38 113.97 4.59 0.25 0.31 0.01 <0.01 0.57 0.01 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.
Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 135% of true thickness in the Centr al Sector,
and 135% to 155% of true thickness in the North Sector.
Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
* Bravo’s nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays
NEWS RELEASE
05 November 2024
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Figure 4: Location of Bravo Drilling and Sections Reported in this News Release
NEWS RELEASE
05 November 2024
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About Bravo Mining Corp.
Bravo is a Canadian 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 is situated on mature freehold farming land and benefits from being in a location close to
operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure,
including road, rail, and clean renewable hydro grid power. A fully funded +70,000 infill, step out and exploration
drilling and trenching program is well advanced for 2024. Bravo’s current Environmental, Social and Governance
activities includes planting more than 30,000 high-value 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 National 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.