Bravo Intercept 5.2m at 3.1% Cu and 1.1g/t Au at T5 Target Drilling at T11 Target intersects four significant sulphide-rich intervals
NEWS RELEASE
8 July 2024
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Bravo Intercept 5.2m at 3.1% Cu and 1.1g/t Au at T5 Target
Drilling at T11 Target intersects four significant sulphide-rich intervals
VANCOUVER, July 8, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “ Company”) has
received assay results from the two drills hole at the “T5” target, and intersected sulphide mineralization in drilling
at the “T11” electromagnetic (“EM”) target at its 100% owned Luanga Project (“Luanga”) which includes the Luanga
palladium + platinum + rhodium + gold + nickel deposit, in the Carajás Mineral Province, Brazil.
“Bore-Hole EM (BHEM) is now progressing on all holes at EM target T5. This will better define the orientation of
mineralization ahead of drill testing. Whilst it was anticipated from the l esser amounts of copper mineralization in
DDH2405T003 that grade may not be as high as assay results from previous holes, this intersect extends the higher-
grade copper-gold mineralization over a significant area . Target T5 therefore remains open along strike and depth
which is interpreted to be very promising” said Luis Azevedo, Chairman and CEO. “Drilling also continues to advance
other targets within the portfolio of EM anomalies. At T11, drilling of BHEM anomalies has intersected multiple zones
of sulphide mineralization and while this is also very encouraging, we are still at early stage of these discoveries with
a regular flow of exciting news expected in near future” he said.
▪ Hole DDH2405T003 at T5 Target, located 50m west and along strike of previously reported high-grade hole
DDH2405T002, intersected 5.2m of semi-massive/breccia hosted copper sulphide mineralization grading 3.1%
Cu and 1.1g/t Au (Figure 2).
▪ Copper-gold mineralization at T5 Target remains open at depth and along strike.
▪ BHEM surveys at T5 is in progress, including holes DDH2405T003, 04, 05 and 06 which will position Bravo for
the August drill program.
▪ At T11, drill hole DDH2411T002 intersected four significant sulphide-rich intervals within a broader alteration
zone. Pyrrhotite > pentlandite >> chalcopyrite is present as patches /veins, locally massive to semi -massive
textures (Figure 1. Assays pending). BHEM in progress.
Figure 1: Massive sulphide mineralization in DDH2411T002 at T11 (224.1m to 224.4m downhole). Open along strike and at depth.
NEWS RELEASE
8 July 2024
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Exploration Drilling Update
Assay results have been received from diamond drill holes DDH2405T003 and DDH2405T005 at the T5 target, located
1km east of the Luanga PGM Deposit. Drill hole DDH2405T006 has also been completed and intersected strong
alteration interpreted to be proximal to the mineralization (assays pending). BHEM was completed on the pilot hole
(DDH2311T001) at HeliTEM target “T11”. BHEM anomalies defined from this drill hole indicated that the targets were
deeper, below the drill hole. These refined targets were then successfully tested by DDH2411T002, which intersected
sulphide mineralization. Together, this drilling of HeliTEM and BHEM anomalies comprises a total of 1,179 metres.
Bravo continues to conduct systematic first-pass drilling, coupled with BHEM , on the priority E M conductors
identified by the HeliTEM survey. Although these modelled HeliTEM conductors have a lower degree of locational
accuracy, they are sufficiently defined to position first-pass drilling proximal to the conductor’s location. From there,
BHEM provides more precise location of EM anomalies for drill testing. Of the 17 priority EM anomalies identified in
the HeliTEM survey (see press release September 11, 2023 ), Bravo had narrowed this list to 11 high priority
conductors that warranted follow-up drilling of predominantly off-hole BHEM conductors. T5, T6, T16 and now T11
are four of these 11 HeliTEM targets.
T5 Target
Figure 2 shows the mineralization intersected in DDH2405T003 at the T5 target (Figure 5), located 50m west and
along strike of previously reported high -grade copper-gold mineralization in 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.
Figure 2: Breccia copper sulphides in DH2405T003 (158.9 – 162.5m shown).
Drill hole DDH2405T003 (Figure 3) intersected 5.2m (grading 3.1% Cu, 1.1g/t Au) of breccia-hosted copper sulphide
mineralization, at the T5 target. Like hole DDH2405T002, located 50m to the east, mineralization is interpreted to
be consistent with typical copper/gold mineralization seen in the Carajás Mineral Province, and unrelated to the
Luanga PGM+Au+Ni Deposit.
DDH2405T006 (Figure 3. Assays pending) has been completed down-dip of (below) hole DH2405T002, intersecting
significant hydrothermal alteration consistent with that expected proximal (close) to the mineralization. Drilling is
paused while BHEM (Figure 4) is completed on drill holes DDH2405T003, DDH2405T004, DDH2405T00 5 and
DDH2405T006 to better establish the dip/plunge of mineralization before the next round of drilling.
DDH2405T005, located up dip of (above) DDH2405T002 (Figure 3), intersected weathered mineralization in the
oxidized zone, where mineralization is interpreted to be weathered away.
T5 mineralization remains open along strike, and down dip. BHEM surveying is in progress (Figure 4).
NEWS RELEASE
8 July 2024
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Figure 3: Off-hole conductors at T5 generated from DDH2405T001. Location of drill holes DDH2405T003, DDH2405T005 and DDH2405T006.
Figure 4: BHEM survey team in operation at the T5 Target – drill holes DDH2405T003, DDH2405T004, DDH2405T005 and DDH2405T006.
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T11 Target
The T11 target is located proximal to the ultramafic footwall of the Central Sector of the Luanga PGM+Au+Ni deposit.
The pilot drill hole (DDH2311T001, Figure 5) targeting the HeliTEM anomaly was shown to be too shallow and was
drilled up-dip of the EM conductors which were subsequently better defined by BHEM to be deeper. DDH2411T002
(Figure 5) targeted the center of this group of 10 conductors at a more appropriate depth , successfully intersecting
four zones of mineralization within an approximately 190m wide hydrothermal alteration zone.
Figure 6 shows the intersected mineralization, which consists of four sulphide-rich intervals within the hydrothermal
alteration system. Mineralization presents as patches and veins, locally reaching massive (Figure 1) to semi -massive
textures. The main sulphide paragenesis is pyrrhotite > pentlandite (Ni sulphide) >> chalcopyrite (Cu sulphide), thus
generating a strong EM response made up of multiple conductors, which present as the four sulphide-rich zones
intersected. Assays are pending.
Figure 5: Off-hole conductors at T11 generated from DDH2411T001. Location of drill holes DDH2411T001 and 002
At 96m depth drill hole DDH2411T002 intersects the ultramafic footwall of the Luanga deposit, intersecting an Fe-Ca
alteration system which consists of magnetite, grunerite, hornblende, actinolite, biotite and almandine. This
mineralogical assemblage is similar to other IOCG -style mineralized systems that occur within the Carajás Mineral
Province, and is likely unrelated to the primary Luanga PGM deposit mineralization which is at a stratigraphically
higher level. BHEM will be completed on DDH2411T002 prior to commencing follow-up drilling.
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Figure 6: DDH2411T002 Sulphide mineralization – patches and veins, locally reaching massive/semi-massive (215m to 230m shown).
Drill Results Status Update
A total of 304 drill holes have been completed to date by Bravo, for 6 5,113 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 252 Bravo drill holes to date. Assay results for 44
Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). Bravo plans
to extend the current EM drilling program from 3,000m to 8,000m, to continue drilling testing and follow up drilling
of EM anomalies.
Complete Table of Recent Intercepts.
HOLE-ID Target From (m) To (m) Thickness (m) Cu (%)
Sulphide Au (g/t) TYPE
DDH2405T003 T5 157.91 163.10 5.19 3.10 1.12 FR
DDH2405T005 T5 43.50 48.50 5.00 0.59 0.19 FR
DDH2411T001 T11 No Significant Result
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Based on the limited drilling data available, the true thickness of mineralization is currently unknown.
Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
* Bravo’s Copper/nickel grades are sulphide, and do not include non-recoverable silicates.
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8 July 2024
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Figure 7: Location of Bravo Drilling at the T5 and T11 targets, reported in this News Release
NEWS RELEASE
8 July 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
Project in the world-class Carajás Mineral Province of Brazil
Bravo is the most active explorer in Carajás. The team, comprising 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 resource definition to development and production in Carajás.
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 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 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
8 July 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 “very”, “ encouraging”, “ promising”, “ exciting”, “priority”,
“successfully”, “ discovery”, “strong EM response ”, 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 mineralization 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 and/or T11 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 and XRF identification of minerals in the core; whether the
mineralization at T5 and T11 is open to expansion or not; whether the other anomalies 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 forw ard-
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, env ironmental 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 con sidered 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 gen eral 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 shoul d 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.