Bravo Intercepts Best PGM+Au+Ni Drill Hole to Date at Luanga Highlights include 58.3m at 3.88g/t PGM+Au, 0.12% Ni including 15m at 6.41g/t PGM+Au, 0.11% Ni, and 45.7m at 3.60g/t PGM+Au, 0.08% Ni including 13.7m at 8.47g/t PGM+Au, 0.13% Ni
NEWS RELEASE
13 March 2024
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Bravo Intercepts Best PGM+Au+Ni Drill Hole to Date at Luanga
Highlights include 58.3m at 3.88g/t PGM+Au, 0.12% Ni including 15m at 6.41g/t PGM+Au, 0.11% Ni,
and 45.7m at 3.60g/t PGM+Au, 0.08% Ni including 13.7m at 8.47g/t PGM+Au, 0.13% Ni
VANCOUVER, March 13, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “ Company”)
announced that it has received assay results from eight diamond drill holes (“DDH”), five from the North Sector and
three from the Southwest 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 in the North Sector continues to be encouraging, with wider and higher-grade PGM+Au+Ni mineralization at
shallow depths. DDH24LU235 is now the best drill hole intercept to date at Luanga and starts at only 10.5m from
surface. In comparison, the Central Sector , which currently contains the largest proportion of Mineral Resource
Estimate (“MRE”) tonnage at Luanga, has been extended to depths in excess of 400m, suggesting considerable room
for further extensions to depth in the North Sector,” said Luis Azevedo, Chairman and CEO of Bravo. “We also continue
to see some evidence of copper sulphide mineralization at depth in the North, as seen in drill hole DDH24LU235 ,
suggesting potential for different styles of mineralization at Luanga.”
Highlights Include:
▪ Drilling in the North Sector continues to improve in grade and thickness compared to previously report ed
drilling and/or drilling on adjacent drill sections as seen in DDH24LU235 on Section 1:
o 58.3m at 3.88g/t PGM+Au, 0.12% Ni including 15m at 6.41g/t PGM+Au, 0.11% Ni
o 45.7m at 3.60g/t PGM+Au, 0.08% Ni including 13.7m at 8.47g/t PGM+Au, 0.13% Ni
▪ Shallow mineralization in the North Sector (Sections 1 and 2) is currently being defined at depths of +/-100m
and remains open down dip.
▪ The North Sector has significant potential below 100m from surface, given that the Central Sector extends to
depths of more than 400m, which also supports a significant opportunity for MRE growth at shallower depths.
▪ Bore-hole Electromagnetic (“EM”) survey team working in parallel with exploration drilling over the priority
HeliTEM (airborne electromagnetics) targets, with multiple off-hole conductors ready to be modelled.
HOLE-ID From To Thickness
(m)
Pd Pt Rh Au PGM + Au Ni* (%)
Sulphide
Cu (%)
Sulphide TYPE (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t)
DDH23LU222 41.80 43.32 1.52 0.02 <0.01 <0.01 <0.01 0.02 0.88 FR
DDH24LU233 46.50 56.80 10.30 1.30 0.78 0.18 0.02 2.28 0.13 FR
DDH24LU234 54.40 92.40 38.00 0.98 0.63 0.12 0.06 1.79 0.06 FR
DDH24LU235 10.50 20.50 10.00 2.32 0.86 0.14 0.04 3.36 NA Ox
And 21.50 79.80 58.30 2.18 1.41 0.25 0.04 3.88 0.12 FR
Including 49.80 64.80 15.00 3.74 2.23 0.37 0.07 6.41 0.11 FR
And 93.80 139.50 45.70 2.10 1.20 0.26 0.05 3.60 0.08 FR
Including 102.85 116.50 13.65 5.13 2.67 0.56 0.11 8.47 0.13 FR
And 236.30 239.30 3.00 0.00 0.00 0.00 0.03 0.04 0.01 1.01 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 125% to 140% of true thickness.
Type: Ox = Oxide. FR = Fresh Rock. 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
13 March 2024
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Luanga Drilling Update
Results from eight diamond drill holes have been received from the North and Southwest Sectors. All the drill holes
herein reported are angled holes ( -60 degrees) , towards a 090° azimuth in the North and 360° azimuth in the
Southwest. Together, this set of drill holes comprise a total of 1,865 metres of diamond drilling.
Section 1 (Figure 1) in the North Sector shows a new infill drill section with DDH24LU235 being the deepest drill hole
on the section, clearly showing significantly better minerali zation at depth, both in thickness and grade , in all three
distinct zones of mineralization. Two of the mineralised zones now contain significant high-grade portions within the
broader mineralised zones. This high-grade mineralization is still only defined to approximately 120m below surface,
with additional drilling now planned to test for potential extension at depth. Results bode well for future MRE growth.
• 58.3m at 3.88g/t PGM+Au, 0.12% Ni, including 15m at 6.41g/t PGM+Au, 0.11% Ni
• 45.7m at 3.60g/t PGM+Au, 0.08% Ni, including 13.7m at 8.47g/t PGM+Au, 0.13% Ni
Figure 1: North Sector (Section 1 on Figure 3). PGM+Au mineralization significantly wider and higher-grade at depth.
NEWS RELEASE
13 March 2024
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Section 2 (Figure 2) in the North Sector also shows evidence of increasing widths and grades at shallow depths, with
mineralization still open at depth. DDH24LU234 (38.0m at 1.79g/t PGM+Au, 0.06% Ni) is a significant improvement
over the up-dip intercept in DDH24LU232 (9.8m at 0.86g/t PGM+Au) and, as with Section 1, these results also bode
well for future MRE growth, with significant potential open at depth.
Figure 2: North Sector (Section 2 on Figure 3). Widths and grades improve significantly as mineralization transitions to fresh rock.
Drill Results Status Update
A total of 269 drill holes have been completed by Bravo to date, for 57,648.45 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 2 35 Bravo drill holes to date. Assay results for 26
Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes).
NEWS RELEASE
13 March 2024
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Complete Table of Recent Intercepts.
HOLE-ID From To Thickness
(m)
Pd Pt Rh Au PGM + Au Ni* (%)
Sulphide
Cu (%)
Sulphide TYPE (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t)
DDH23LU220 No significant results
DDH23LU222 41.80 43.32 1.52 0.02 <0.01 <0.01 <0.01 0.02 0.88 FR
And 226.00 238.00 12.00 0.79 0.31 0.05 0.02 1.16 0.13 FR
DDH23LU225 212.35 221.35 9.00 0.62 0.24 0.03 0.01 0.91 0.07 FR
DDH23LU231 9.00 44.90 35.90 0.65 0.32 0.05 0.02 1.03 NA Ox
And 53.75 60.00 6.25 0.76 0.38 0.07 0.07 1.27 0.25 FR
And 65.00 76.00 11.00 0.67 0.39 0.07 0.01 1.13 0.17 FR
DDH23LU232 0.00 3.00 3.00 0.59 0.29 0.05 0.01 0.93 NA Ox
And 8.00 11.00 3.00 0.54 0.26 0.04 0.02 0.86 NA Ox
And 24.05 31.80 9.75 0.53 0.27 0.04 0.02 0.86 0.13 FR
And 92.80 118.80 26.00 0.83 0.39 0.07 0.10 1.39 0.13 FR
DDH24LU233 0.00 15.90 15.90 0.79 0.34 0.06 0.02 1.21 NA Ox
And 27.90 38.90 11.00 0.82 0.29 0.07 0.02 1.19 0.03 FR
And 46.50 56.80 10.30 1.30 0.78 0.18 0.02 2.28 0.13 FR
And 91.80 109.40 17.60 0.39 0.15 0.02 0.02 0.58 0.17 FR
And 168.75 171.90 3.15 0.65 0.28 0.05 0.04 1.02 0.09 FR
DDH24LU234 0.00 5.20 5.20 0.77 0.24 0.04 0.03 1.08 NA Ox
And 54.40 92.40 38.00 0.98 0.63 0.12 0.06 1.79 0.06 FR
DDH24LU235 10.50 20.50 10.00 2.32 0.86 0.14 0.04 3.36 NA Ox
And 21.50 79.80 58.30 2.18 1.41 0.25 0.04 3.88 0.12 FR
Including 49.80 64.80 15.00 3.74 2.23 0.37 0.07 6.41 0.11 FR
And 93.80 139.50 45.70 2.10 1.20 0.26 0.05 3.60 0.08 FR
Including 102.85 116.50 13.65 5.13 2.67 0.56 0.11 8.47 0.13 FR
And 149.10 191.20 42.10 0.53 0.22 0.03 0.04 0.82 0.04 FR
And 236.30 239.30 3.00 0.00 0.00 0.00 0.03 0.04 0.01 1.01 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 125% to 140% of true thickness.
Type: Ox = Oxide. FR = Fresh Rock. 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
13 March 2024
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Figure 3: Location of Bravo Drilling and Sections Reported in this News Release
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13 March 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
13 March 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 “ best”, “better”, “encouraging”, “wider”, “higher -grade”,
“considerable”, “extension”, “potential”, “significant”, “opportunity”, “priority”, “bodes well”, 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 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 higher copper grades in certain
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 i n 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, i ncluding, but
not limited to, the assumption that the assay results confirm that the interpreted mineralization contains si gnificant
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 ris ks; that the Luanga Project will not be materially affected by potential
supply chain disruptions; and general bus iness 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.
NEWS RELEASE
13 March 2024
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Schedule 1: Drill Hole Collar Details
HOLE-ID Company East (m) North (m) RL (m) Datum Depth
(m) Azimuth Dip Sector
DDH23LU220 Bravo 657800.01 9339871.28 221.471 SIRGAS2000_UTM_22S 200.05 360.00 -60.00 Southwest
DDH23LU222 Bravo 657000.42 9339411.47 243.035 SIRGAS2000_UTM_22S 340.35 360.00 -60.00 Southwest
DDH23LU225 Bravo 656849.98 9339305.59 232.687 SIRGAS2000_UTM_22S 356.60 360.00 -60.00 Southwest
DDH24LU231 Bravo 659505.03 9343323.01 259.557 SIRGAS2000_UTM_22S 150.65 90.00 -60.00 North
DDH24LU232 Bravo 659517.04 9343422.99 240.554 SIRGAS2000_UTM_22S 160.55 90.00 -60.00 North
DDH24LU233 Bravo 659457.20 9343323.05 260.188 SIRGAS2000_UTM_22S 223.20 90.00 -60.00 North
DDH24LU234 Bravo 659464.78 9343422.96 243.986 SIRGAS2000_UTM_22S 180.40 90.00 -60.00 North
DDH24LU235 Bravo 659401.00 9343322.99 254.545 SIRGAS2000_UTM_22S 253.60 90.00 -60.00 North
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in
Parauapebas, state of Par á, Brazil. The drill core is delivered to the core shack at Bravo’s Luanga site facilities and
processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence.
Drill core is half cut and placed in secured polyurethane bags, then in security -sealed sacks before being delivered
directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional
information about the methodology can be found on the SGS Geosol website ( SGS) in their analytical guides.
Information regarding preparation and analysis of historic drill core is also presented in the table below, where the
information is known.
Quality Assurance and Quality Control (“ QAQC”) is maintained internally at the lab through rigorous use of internal
certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using
certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If
a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed
necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
Bravo SGS Geosol
Preparation Method Method Method Method
For All Elements Pt, Pd, Au Rh Sulphide Ni, Cu Trace Elements
PRPCLI (85% at 200#) FAI515 FAI30V AA04B ICP40B