Bravo Intercepts Deeper, Wider and Higher-Grade PGM+Au+Ni Mineralization in the Central Sector, Luanga Project Highlights include 42m at 2.97g/t PGM+Au, 0.30% Ni including 26m at 4.31g/t PGM+Au, 0.38% Ni, 37m at 2.04g/t PGM+Au, 0.26% Ni, and 27m at 1.80g/t PGM+Au, 0.20% Ni
NEWS RELEASE
13 February 2024
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Bravo Intercepts Deeper, Wider and Higher-Grade PGM+Au+Ni
Mineralization in the Central Sector, Luanga Project
Highlights include 42m at 2.97g/t PGM+Au, 0.30% Ni including 26m at 4.31g/t PGM+Au, 0.38% Ni, 37m at
2.04g/t PGM+Au, 0.26% Ni, and 27m at 1.80g/t PGM+Au, 0.20% Ni
VANCOUVER, February 13, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
announced that it has received assay results from nine diamond drill holes (“DDH”) from the Central Sector of 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.
“The Phase 2 drill program has been completed as planned, with Phase 3 now well underway. Results continue to
extend PGM+Au+Ni mineralization at depth, as far as ~ 400m below surface in the Central Sector or approximately
double the typical depth of Bravo’s maiden mineral resource estimate ,” said Luis Azevedo, Chairman and CEO of
Bravo. “Furthermore, assay grades and mineralized thicknesses typically continue to improve at depth, as can be seen
in Figure 2, indicating potential for significant resource growth.”
Highlights Include:
▪ Drilling in the Central Sector, such as DDH23LU223 (42m at 2.97g/t PGM+Au, 0.30% Ni including 26m at 4.31g/t
PGM+Au, 0.38% Ni), extend known mineralization to approximately 400m below surface.
▪ Results support the potential for future growth in Luanga’s Mineral Resource Estimate (“MRE”).
▪ Additional drill results from the North Sector are pending.
▪ Trenching of near surface mineralization and testing of geophysical anomalies is underway.
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)
DDH23LU211 263.05 290.30 27.25 1.23 0.40 0.14 0.03 1.80 0.20 FR
Including 278.83 285.30 6.47 2.30 0.90 0.39 0.04 3.63 0.18 FR
DDH23LU223 447.80 489.10 42.10 2.08 0.68 0.13 0.08 2.97 0.30 FR
Including 463.90 487.90 26.00 3.03 0.99 0.19 0.10 4.31 0.38 FR
And 611.30 611.80 0.50 1.19 4.46 1.55 0.03 7.23 0.02 LS/FR
DDH23LU227 145.55 182.80 37.25 1.45 0.45 0.07 0.06 2.04 0.26 FR
DDH23LU228 45.10 81.10 36.00 0.98 0.36 0.05 0.06 1.43 0.22 FR
Including 63.10 81.10 18.00 1.48 0.53 0.07 0.07 2.15 0.26 FR
DDH23LU230 33.80 69.00 35.20 0.97 0.50 0.09 0.08 1.59 0.14 FR
Including 64.00 69.00 5.00 2.40 1.87 0.09 0.29 4.65 0.12 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 105-130% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. 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 February 2024
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Luanga Drilling Update
Results from nine diamond drill holes have been received from the Central Sector. All the drill holes herein reported
are angled holes (60 to 65 degrees) towards a 330° direction. Together, this set of drill holes comprise a total of 3,001
metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector shows DDH23LU223 (42m at 2.97g/t PGM+Au, 0.30% Ni including 26m at
4.31g/t PGM+Au, 0.38% Ni ), which lies down dip from previously reported DDH23LU204 (49m at 3.12g/t PGM+Au,
0.33% Ni) , extending known mineralization to approximately 400m below surface , or app roximately double the
typical depth extent of the maiden MRE announced October 22, 2023.
Figure 1: Central Sector (Section 1 on Figure 4) – Mineralization defined to approximately 400m below surface.
Section 2 (Figure 2) shows DDH23LU211 (27m at 1.80g/t PGM+Au, 0.20% Ni), drilled at the northern extent of the
Central Sector to testing the potential for higher-grade zones at depth , as observed in nearby sections. Drill hole
DDH23LU211 not only intersects significantly higher grade than DDH23LU117 approximately 100m above (up dip),
but over a much greater width, with the added presence of nickel sulphides. Again, this bodes well for the further
definition of high-grade zones and for future MRE growth.
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13 February 2024
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Figure 2: Central Sector (Section 2 on Figure 4) – Mineralized widths and grades improving at depth.
Section 3 (Figure 3) shows DDH23LU215 (30m at 1.73g/t PGM+Au, 0.25% Ni), drilled on the next section north of
Section 1 (Figure 1) in the Central Sector. DDH23LU215 defines the continuation of mineralization a further 100m
down dip, also now reach ing approximately 400m below surface, further supporting the potential for future MRE
growth in the Central Sector.
NEWS RELEASE
13 February 2024
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Figure 3: Central Sector (Section 3 on Figure 4). Mineralization defined to approximately 400m below surface.
Drill Results Status Update
A total of 257 drill holes have been completed by Bravo to date, for 55,683.25 metres, including 8 metallurgical holes
(not subject to routine assaying).
Results have been reported for 2 20 Bravo drill holes to date. Assay Results for 29 completed Bravo drill holes are
currently outstanding (excluding the metallurgical holes).
NEWS RELEASE
13 February 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)
DDH23LU200 500.85 515.60 14.75 0.73 0.22 0.03 0.03 1.01 0.06 FR
DDH23LU211 0.00 2.00 2.00 0.37 0.43 0.07 0.02 0.89 NA Ox
And 109.40 110.40 1.00 <0.01 0.01 <0.01 13.20 13.22 0.02 FR
And 263.05 290.30 27.25 1.23 0.40 0.14 0.03 1.80 0.20 FR
Including 268.05 275.05 7.00 1.08 0.23 0.05 0.02 1.39 0.30 FR
Also Including 278.83 285.30 6.47 2.30 0.90 0.39 0.04 3.63 0.18 FR
DDH23LU213 275.20 278.20 3.00 2.23 1.11 0.36 0.09 3.79 0.04 FR
DDH23LU217 316.80 324.80 8.00 0.44 0.42 0.10 0.01 0.97 0.10 FR
DDH23LU223 368.50 371.50 3.00 0.64 0.20 <0.01 0.08 0.93 0.22 FR
And 447.80 489.10 42.10 2.08 0.68 0.13 0.08 2.97 0.30 FR
Including 463.90 487.90 26.00 3.03 0.99 0.19 0.10 4.31 0.38 FR
And 534.90 553.90 19.00 0.35 0.24 <0.01 0.04 0.63 0.03 FR
And 611.30 611.80 0.50 1.19 4.46 1.55 0.03 7.23 0.02 LS/FR
DDH23LU227 69.45 71.40 1.95 0.10 0.05 <0.01 1.41 1.55 0.12 FR
And 145.55 182.80 37.25 1.45 0.45 0.07 0.06 2.04 0.26 FR
And 182.80 218.80 36.00 0.24 0.23 <0.01 0.03 0.50 0.01 FR
DDH23LU228 0.00 4.20 4.20 0.31 0.14 0.33 0.05 0.82 NA Ox
And 22.63 41.10 18.47 0.54 0.21 0.03 0.13 0.90 0.16 FR
And 45.10 81.10 36.00 0.98 0.36 0.05 0.06 1.43 0.22 FR
Including 63.10 81.10 18.00 1.48 0.53 0.07 0.07 2.15 0.26 FR
And 111.10 143.30 32.20 0.27 0.25 <0.01 0.05 0.57 0.02 FR
DDH23LU229 0.00 29.90 29.90 0.36 0.34 0.01 0.01 0.72 NA Ox
And 53.45 56.20 2.75 0.18 0.61 0.23 0.01 1.04 0.01 LS/FR
DDH23LU230 14.34 20.35 6.01 0.52 0.21 0.04 0.02 0.80 NA Ox
And 33.80 69.00 35.20 0.97 0.50 0.09 0.08 1.59 0.14 FR
Including 64.00 69.00 5.00 2.40 1.87 0.09 0.29 4.65 0.12 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 105-130% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. 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
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13 February 2024
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Figure 4: Location of Bravo Drilling and Sections Reported in this News Release
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13 February 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, with excellent access and proximity to existing infrastructure, including road, rail, and clean
renewable hydro grid power. A ful ly 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 replanting high-
value trees in the project area, hiring and contracting lo cally, 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 February 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 “indicating”, “potential”, “significant”, “indicative”, “continue”, “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 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, i ncluding, 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 Ni grades are improving to depth ; that a zone of
higher grade mineralization may be present in the Central Sector; that the presence of magmatic Ni sulphides may be
indicative of zones of potential economic interest; that the geophysical anomalies identified are related to
mineralization of potential economic interest; 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.