Bravo Continues to Intersect Increasingly Wide and High-Grade PGM+Au+Ni Mineralization in the North and Central Sectors at Luanga Highlights include 59.9m at 4.80g/t PGM+Au including 42.9m at 5.50g/t PGM+Au, 0.21% Ni, and 140.7m at 1.25g/t PGM+Au and 45.7m at 1.71g/t PGM+Au, 0.22% Ni
NEWS RELEASE
06 May 2024
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Bravo Continues to Intersect Increasingly Wide and High-Grade PGM+Au+Ni
Mineralization in the North and Central Sectors at Luanga
Highlights include 59.9m at 4.80g/t PGM+Au including 42.9m at 5.50g/t PGM+Au, 0.21% Ni,
and 140.7m at 1.25g/t PGM+Au and 45.7m at 1.71g/t PGM+Au, 0.22% Ni
VANCOUVER, May 06, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”) has
received assay results from nine diamond drill holes (“DDH”), four from the North Sector and five from the Central
Sector at 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.
“Drilling results at Luanga continue to demonstrate upside, notably with DDH24LU240 returning the highest
grade/thickness to date. Additionally, DDH24LU038 stands out as the thickest mineralized drill intersection, extending
over 140m from surface,” said Luis Azevedo, Chairman and CEO. “Drilling continues to show increasing nickel sulphide
grades at depth in the Central Sector, while the North Sector shows widening of multiple zones of mineralization ,
which has the potential to significantly improve ratios of near surface mineralized to unmineralized material. These
positive factors strengthen confidence for on-going drilling.”
Highlights Include:
▪ Drilling in the North Sector continues to show improvements in both mineralized grade and thickness
compared to previously reported drilling in this sector. Grades in and around the transitional weathering zone
are higher, influenced by supergene enrichment, as shown on Section 1:
o 59.9m at 4.80g/t PGM+Au, including 42.9m at 5.50g/t PGM+Au, 0.21% Ni
o 140.7m at 1.25g/t PGM+Au
▪ Mineralization intersected on all three drill sections are at shallow depths (<150m), which augurs well for the
future. Furthermore, the substantial volumes of mineralization, indicated by these wide intersections near
surface, could support lower strip ratios in these areas.
▪ Mineralization remains open at depth, while evidence of increasing PGM and nickel grades at depth remains
a common theme in the Central Sector.
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)
DDH24LU236 25.30 28.30 3.00 2.16 5.53 1.15 0.07 8.91 NA LS
And 178.25 187.25 9.00 1.11 0.93 0.22 0.02 2.28 0.02 FR
DDH24LU237 79.70 104.90 25.20 1.52 0.65 0.08 0.05 2.29 0.24 FR
DDH24LU238 5.00 145.70 140.70 0.57 0.66 0.01 0.01 1.25 NA Ox/FR
DDH24LU240 0.00 59.85 59.85 3.02 1.46 0.26 0.06 4.80 NA Ox/FR
Including 0.00 17.00 17.00 1.98 0.85 0.16 0.04 3.04 NA Ox
Also Including 17.00 59.85 42.85 3.43 1.71 0.30 0.06 5.50 0.21 FR
And 64.85 84.85 20.00 0.88 0.85 0.15 0.01 1.89 0.01 FR
DDH24LU241 75.80 86.80 11.00 1.93 0.65 0.10 0.07 2.76 0.32 FR
DDH24LU244 34.56 80.30 45.74 1.14 0.43 0.08 0.06 1.71 0.22 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.
Given orientation of drilling and mineralization, intercepts are estimated at 110% to 120% of true thickness in the Central S ector and
125% to 140% 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
06 May 2024
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Luanga Drilling Update
Results from nine diamond drill holes have been received from the North and Central Sectors. All the drill holes
herein reported are angled holes (-60 degrees), towards a 090° azimuth in the North and 330° azimuth in the Central
Sector. Together, this set of drill holes comprise a total of 1,581 metres of diamond drilling.
Section 1 (Figure 1) in the North Sector shows a new infill drill section with DDH24LU238 being the deepest drill hole
on the section, exhibiting an exceptionally wide (140m) mineralized intersection. Nearer to surface , this wide zone
of mineralization is replicated by two zones of mineralization in DDH24LU240, totalling ~80m of mineralization with
the remainder daylighting a bove surface. The grades in DDH24LU240 are significantly higher, mostly due to the
influence of high-grade supergene enrichment in and around the transitional zone above the base of oxidation. There
are a further two zones of mineralization stratigraphically below, and all three zones are almost entirely within 150m
of the surface, which augurs well for potential future MRE updates at these shallow depths.
Figure 1: North Sector (Section 1 on Figure 4). High-grade and wide PGM+Au mineralization close to surface.
Section 2 (Figure 2) in the North Sector shows evidence of increasing thickness (~50m) and increased presence of
nickel sulphides (0.23% Ni) at depth in DDH24LU241, with mineralization still open at depth. Section 2 is also an infill
section and, again, all the mineralization intersected is within <150m below surface. Coupled with the high volume
of mineralization near or at surface, both Section 1 (above) and Section 2 (below) demonstrate the potential for
improving strip ratios (mineralized to unmineralized material) in these areas, which bodes well for the future.
NEWS RELEASE
06 May 2024
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Figure 2: Central Sector (Section 2 on Figure 4). Wide zones of mineralization with improving nickel sulphides at depth in fresh rock.
Section 3 (Figure 3) in the Central Sector also shows evidence of increasing grade in both PGM and nickel sulphide
mineralization and remains open at depth. The grade of PGM and nickel mineralization intersected in DDH24LU230
(35.2m at 1. 59g/t PGM+Au, 0.14% Ni) improves significantly at depth in DDH24LU237 (25.2m at 2.29g/t PGM+Au,
0.24% Ni), while all mineralization on the section is again less than 150m below surface and remains open at depth.
NEWS RELEASE
06 May 2024
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Figure 3: Central Sector (Section 3 on Figure 4). Improving grades in PGM and nickel sulphide mineralization at depth in fresh rock.
Drill Results Status Update
A total of 285 drill holes have been completed by Bravo to date, for 61,190 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 2 44 Bravo drill holes to date. Assay results for 33
Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes).
NEWS RELEASE
06 May 2024
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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)
DDH24LU236 25.30 28.30 3.00 2.16 5.53 1.15 0.07 8.91 NA LS
And 178.25 187.25 9.00 1.11 0.93 0.22 0.02 2.28 0.02 FR
DDH24LU237 62.07 67.10 5.03 0.20 0.08 0.15 0.07 0.49 0.13 FR
And 79.70 104.90 25.20 1.52 0.65 0.08 0.05 2.29 0.24 FR
DDH24LU238 5.00 145.70 140.70 0.57 0.66 0.01 0.01 1.25 NA Ox/FR
And 160.70 169.60 8.90 0.53 0.61 0.01 0.01 1.16 0.01 FR
DDH24LU239 0.00 18.90 18.90 0.37 0.15 0.01 0.04 0.58 NA Ox
And 27.90 39.59 11.69 1.10 0.41 0.06 0.01 1.58 0.10 FR
And 58.60 97.60 39.00 0.28 0.27 <0.01 0.03 0.58 0.01 FR
DDH24LU240 0.00 59.85 59.85 3.02 1.46 0.26 0.06 4.80 NA Ox/FR
Including 0.00 17.00 17.00 1.98 0.85 0.16 0.04 3.04 NA Ox
Also Including 17.00 59.85 42.85 3.43 1.71 0.30 0.06 5.50 0.21 FR
And 64.85 84.85 20.00 0.88 0.85 0.15 0.01 1.89 0.01 FR
And 124.85 152.00 27.15 0.48 0.58 0.01 0.01 1.08 0.01 FR
DDH24LU241 0.00 7.25 7.25 0.33 0.14 0.04 0.08 0.59 NA Ox
And 39.60 89.80 50.20 0.86 0.30 0.05 0.07 1.28 0.23 FR
Including 75.80 86.80 11.00 1.93 0.65 0.10 0.07 2.76 0.32 FR
And 104.45 129.20 24.75 0.29 0.19 <0.01 <0.01 0.49 0.01 FR
DDH24LU242 0.00 29.70 29.70 0.30 0.35 0.01 0.01 0.67 NA FR
DDH24LU244 34.56 80.30 45.74 1.14 0.43 0.08 0.06 1.71 0.22 FR
DDH24LU246 39.00 65.10 26.10 0.43 0.33 <0.01 0.01 0.77 0.02 FR
And 83.10 86.10 3.00 0.43 1.52 0.59 0.01 2.55 0.03 LS
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.
Given orientation of drilling and mineralization, intercepts are estimated at 110% to 120% of true thickness in the Central Sector and
125% to 140% 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
06 May 2024
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Figure 4: Location of Bravo Drilling and Sections Reported in this News Release
NEWS RELEASE
06 May 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 63,000m 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 18,000 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 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
NEWS RELEASE
06 May 2024
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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 “ wider”, “ Increasingly”, “ upside”, “ notably”, “ highest”, “ thickest”,
“potential”, “improve”, “confidence”, “augurs well”, “substantial”, “exceptionally”, “significantly”, “ variants of these
words and other similar words, phrases, or statements that certain events or conditions “may” or “will” occur. This
news release contains forward-looking information pertaining to the Company’s ongoing drill program and the results
thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth;
the potential for greater thicknesses and/or higher grades at depth and the implications of copper in some areas; 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 i n 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,
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 PGM and/or Ni grades and mineralized thicknesses
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, economic, 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 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.