Bravo Extends T5 Copper-Gold Mineralization to ~300m of Strike Potential Source of T5 Mineralization to be Tested T5 Highlights include 13.4m at 2.9% Cu, 0.4g/t Au, including 2.2m at 10.2% Cu, 1.4g/t Au; And 3.2m at 8.0% Cu, 1.8g/t Au
NEWS RELEASE
19 November 2024
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Bravo Extends T5 Copper-Gold Mineralization to ~300m of Strike
Potential Source of T5 Mineralization to be Tested
T5 Highlights include 13.4m at 2.9% Cu, 0.4g/t Au, including 2.2m at 10.2%
Cu, 1.4g/t Au; And 3.2m at 8.0% Cu, 1.8g/t Au
VANCOUVER, November 19, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
is pleased to report that it has received assay results from seven additional drill holes at the “T5” copper-gold target
at its 100% owned Luanga Project . T5 lies to the east of the Luanga PGM+ Au+Ni deposit located in the Carajás
Mineral Province, Brazil.
“Drilling at T5 continues to generate encouraging assay results, extending the footprint of mineralization to the east,
where it remains open, and now covering ~300m of strike . DDH2405T015 again shows massive sulphide copper
mineralization, similar to that observed 100m away in discovery hole DDH2405T002 ”, said Luis Azevedo, Chairman
and CEO. “Further, a large circular magnetic anomaly, which lies between numerous important mineralized features
in the T5 region, appears as an exciting drill target for a potential blind source to a larger system driving these events.
In other important news, the Company surpassed 1 ,000 days without injury or reportable environmental incident ,
significant ESG milestones”.
▪ Drill hole DDH2405T015 (Figure 3) intercepted 13.39m at 2.93% Cu, 0.39g/t Au, including 2.16m at 10.23% Cu,
1.38g/t Au one hundred metres east of discovery hole DDH2405T002.
▪ Mineralization at T5 now covers ~300m of strike (Figure 3) and remains open to the east. Currently, ground
geophysics (Induced Polarization) is in progress at T5.
▪ Exploration geophysics in the T5 region has highlighted a significant circular magnetic anomaly . C entrally
located among T5, historic copper workings, Bravo’s high-grade massive sulphide intersected DDH22LU047
(August 16th, 2022 news release), and the hydrothermal alteration that exists below Luanga in the footwall of
the North sector, this anomaly could potentially be the source driving all these surrounding features.
▪ A single line of IP (Figure 4) has been completed over the magnetic anomaly, generating a large chargeability
anomaly; additional lines of IP and drill testing are planned to follow up.
Drilling Highlights
HOLE-ID Target From (m) To (m) Thickness (m) Cu (%)
Sulphide Au (g/t) TYPE
DDH2405T012 T5 156.00 159.20 3.20 8.00 1.83 FR
DDH2405T013 T5 107.05 109.65 2.60 2.79 0.57 FR
DDH2405T015 T5 121.70 135.09 13.39 2.93 0.39 FR
including T5 132.93 135.09 2.16 10.23 1.38 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given orientation of drilling and mineralization, intercepts are estimated at 105% to 135% of true thickness.
Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
Figure 1: Massive sulphide breccia copper mineralization in DDH2405T015 at T5 (133.40 – 133.60m downhole).
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19 November 2024
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Figure 2: High-grade interval of breccia copper sulphide mineralization (from red line) in DDH2405T015 at T5 (132.93 – 135.09m downhole).
T5 Target – Exploration Update
Assay results have been received from diamond drill holes DDH2405T011 to DDH2405T017 at the T5 target, with
assays pending for DDH2405T018 to 021. T5 is located 1km east of the Luanga PGM Deposit. This recent drilling,
including the pending holes, comprises a total of eleven holes for 2,352 metres. The status of drilling at T5 is shown
in Figure 3.
Drilling continues to define the continuation of mineralization to the east, where a plunge of approximately 20° to
the east is interpreted to exist. To define and better understand the plunge structure interpreted to host the
mineralization, an IP (Induced Polarization) geophysical survey is currently in progress.
DDH2405T012 (Figure 3) intercepted 3.20m at 8.00% Cu, 1.83g/t Au, 75m east of discovery hole DDH2405T002 (see
press release May 28, 2023 ), which intercepted 11.48m at 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t
Au. Drill hole DDH2405T015 (Figure 3), 100m east of DDH2405T002, intercepted 13.39m at 2.93% Cu, 0. 39g/t Au,
including 2.16m at 1 0.23% Cu, 1.38g/t Au, DDH2405T013 and DDH2405T016 (Figure 3) also both intersected the
mineralized zone, demonstrating the continuation of mineralization on this section.
The most easterly drill hole to date, DDH2405T017 intercepted two zones of mineralization, an upper zone (2.05m
at 0.92% Cu, 0. 23g/t Au which aligns with known mineralization to date ), and a second low grade zone of copper
mineralization approximately 50m (downhole ) below this. Mineralization c onsists of disseminated , veinlet and
breccia hosted copper sulphides.
To the west, DDH2405T018 is testing the potential near surface (up-plunge), while DDH2405T019 tests for potential
repetition to the south (Figure 3).
Mineralization observed to date continues to be of a typical of iron oxide copper-gold (IOCG)-style, as seen in other
deposits around the Carajás . The sul phide assemblage, consisting of chalcopyrite with lesser pyrrhotite does not
appear to change throughout the mineralization intercepted to date. Hydrothermal alteration associated with the
Cu/Au mineralization forms a continuous zone following the trend to the east. This alteration zone consists of variable
thicknesses and compositions, characterized by variable amounts of biotite-actinolite-calcite-scapolite-quartz-
sericite.
Mineralization at T5 now covers ~300m of strike (Figure 3) and remains open to the east. An IP survey has
commenced (4 lines) at T5, to better understand the structural controls of Cu/Au mineralization associated with the
sulphide zone and potential extensions.
Figure 1
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19 November 2024
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Figure 3: T5 Current drill status and results (DDH2405T11 off the map, see Figure 6).
Exploration in the T5 Region
Exploration in the region around the T5 target has recently shown several elements that , together, significantly
elevate the potential implications of a large buried circular magnetic anomaly, shown in Figure 4.
The magnetic anomaly is proximal to the T5 target, which lies to the northeast. Recent geological mapping and
reconnaissance has revealed historic copper workings to the southeast (Figure 5) of the magnetic anomaly, while
to the east of the magnetic anomaly lies the high -grade massive sulphide (11m @ 2.04% Nickel + 1.23% Copper )
intersected in Bravo drill hole DDH22LU047 (August 16th, 2022 news release) and its related EM (electromagnetic)
anomaly (Figure 4).
Furthermore, drilling in the North Sector at the Luanga PGM+Au+Ni deposit has consistently intersected
hydrothermal IOCG-style hydrothermal alteration at the base of drill holes on the eastern edge of the North Sector
(below the Luanga footwall), which is located directly west of the magnetic anomaly (Figure 4). This alteration is
unrelated to the Luanga deposit and its uniquely different style of alteration.
With the recent discovery of the T5 target on the eastern side of the magnetic anomaly, the potential significance of
this magnetic target has increased.
A single line of IP (Figure 4) has been completed over the magnetic anomaly , with additional IP and drill testing
planned to follow.
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19 November 2024
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Figure 4: The location of a large buried circular magnetic anomaly, and the weight of evidence surrounding this feature.
The IP line utilized a dipole-dipole arrangement, with electrode spacing of 25m (first pass), followed by a spacing of
50m (second pass). After data processing and interpretation, a pseudo section (Figure 5) was generated showing the
presence of a significant chargeability anomaly . This may be indicative of sulphide concentration (disseminated ,
massive or semi-massive).
The association of a highly magnetic circular feature with a high chargeability anomaly, together with the nearby
Cu and Ni/Cu sulphide occurrences at T5 (to the west ) and in hole DDH22LU047 (to the east ), along with the
extensive IOCG hydrothermal alteration in the footwall of nearby Luanga North Sector all come together to create
a credible potential blind source for a larger IOCG system.
The Company will first complete a (third pass) of dipole-dipole IP over the circular anomaly, with an electrode spacing
of 80m, allowing greater depths to be effectively tested. Following this, the IP program at T5 will be completed.
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19 November 2024
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Figure 5: IP Pseudo section showing the top of a significant chargeability anomaly, commencing from ~200m below surface.
Drill Results Status Update
A total of 342 drill holes have been completed by Bravo to date, for 72,674.35 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 304 Bravo drill holes to date. Assay results for 30
Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of
43 trenches have been completed to date (for 8,317 metres), with results for 37 trenches reported and results for 6
trenches pending.
Complete Table of Recent Intercepts.
HOLE-ID Target From (m) To (m) Thickness (m) Cu (%)
Sulphide Au (g/t) TYPE
DDH2405T011 T5 155.50 156.50 1.00 0.30 0.10 FR
And T5 323.55 324.50 0.95 1.19 0.50 FR
DDH2405T012 T5 156.00 159.20 3.20 8.00 1.83 FR
DDH2405T013 T5 107.05 109.65 2.60 2.79 0.57 FR
And T5 152.95 157.85 4.90 0.93 0.22 FR
DDH2405T014 T5 162.00 165.00 3.00 1.63 0.68 FR
DDH2405T015 T5 121.70 135.09 13.39 2.93 0.39 FR
including T5 132.93 135.09 2.16 10.23 1.38 FR
DDH2405T016 T5 174.45 178.25 3.80 1.06 0.35 FR
DDH2405T017 T5 152.55 154.60 2.05 0.92 0.23 FR
And T5 180.63 182.10 1.47 0.78 0.19 FR
DDH2405T018 T5 Assays Pending
DDH2405T019 T5 Assays Pending
DDH2405T020 T5 Assays Pending
DDH2405T021 T5 Assays Pending
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given orientation of drilling and mineralization, intercepts are estimated at 105% to 135% of true thickness.
Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
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19 November 2024
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Figure 6: Drilling at T5, as reported in this News Release
Safety & Environment
Bravo has been exploring the Luanga mineralized system since early 2022, with peak activity levels seeing more than
100 people on site and up to six drills operating. Througout this period, Bravo has treated the safety of its employees,
contractors, consultants and visitors and protection of the environment with the utmost priorty. Bravo appreciates
the hard work and focus of the entire team on safety and environmental protection, which has resulted in more than
1,000 consective days without a lost time injury or reportable environmental incident . Safety and environmental
protection represent two key components of Bravo’s Environmental, Social and Governance strategy.
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19 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 PGM
and copper-gold Luanga Project 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, and hydroelectric grid power. A fully funded +70,000 infill, step out and exploration drilling and trenching
program is nearing completion 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, and 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.
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19 November 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 “potential”, “h ighlight”, “ encouraging”, “ exciting”, “ larger”,
“significant”, “ high-grade”, “ continuation”, “ better”, “ elevate”, 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; the potential for new
and/or different styles of minerali zation in some areas , such as IOCG -style, the presence of which is publicly well
documented in the Carajás mineral province; whether or not the mineralization interested at T5 is in fact IOCG-style,
some variant of such or another style of mineralization; the potential continuity of mineralization between holes; the
grades and implications of unassayed holes; the visual i dentification of minerals in the core; whether the
mineralization at T5 is open to expansion or not; whether the other anomalies are related to mineralization; whether
the circular anomaly west of T5 represents economically significant mineralization or not and, if so, what grade and
quantity; whether current and planned IP anomalies represent economically significant 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 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 along strike and up and down dip ; 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.