Bravo Intercepts Further High-Grade Copper-Gold Mineralization at T5 Intercept of 8.75m at 9.48% Cu and 2.1g/t Au Copper-Nickel Mineralization Intersected in First Drill Hole at T16 target Intercept of 1.29m at 2.39% Cu, 1.17% Ni
NEWS RELEASE
10 June 2024
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Bravo Intercepts Further High-Grade Copper-Gold Mineralization at T5
Intercept of 8.75m at 9.48% Cu and 2.1g/t Au
Copper-Nickel Mineralization Intersected in First Drill Hole at T16 target
Intercept of 1.29m at 2.39% Cu, 1.17% Ni
VANCOUVER, June 10, 2024 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”) has
received assay results from the second drill hole at the “T5” target and from the first drill hole in the “T16”
electromagnetic (“EM”) target. This is the third HeliTEM (Helicopter based electromagnetics) target to be drilled at
the 100% owned Luanga Project (“Luanga”) which includes the Luanga palladium + platinum + rhodium + gold + nickel
deposit (“Luanga Deposit”), in the Carajás Mineral Province, state of Pará, Brazil.
“Exploration continues to yield very encouraging results, both from ongoing drilling at T5, and now at another
HeliTEM geophysical target, T16. At T5 , we continue to intersect high-grade Iron Oxide Copper Gold style (“IOCG-
style”) mineralization, which is a well documented style of mineralization in the Carajás, while at T6 and now T16, we
potentially see two distinctly different styles of mineralization that appear magmatic related ,” said Luis Azevedo,
Chairman and CEO. “Whilst we are encouraged with these discoveries, we are still in the early days of the exploration
program and these initial successes suggest potential for yet more discoveries given the number of anomalies Bravo
has yet to test or follow up.” he said. “We also need to integrate these findings and new styles of mineralization into
our regional models to reassess all the other HeliTEM anomalies that were previously set aside before we encountered
IOCG-style mineralization at T5. The Carajás Mineral Province is an exceptionally fertile area and Luanga sits within
a corridor containing several significant IOCG deposits/operations. Bravo looks forward to continuing our exploration
efforts in this prolific region.”
Highlights Include:
▪ Hole DDH2405T004 at Target T5, located 50m east and along strike of previously reported high-grade hole
DDH2405T002, intersected 8.75m of massive/semi -massive/breccia hosted high-grade copper sulphide
mineralization grading 9.5% Cu and 2.1g/t Au (Figures 1 and 2).
▪ High-grade copper-gold mineralization at Target T5 remains open at depth and along strike.
▪ Hole DH2405T006 is now in progress at T5, below (down-dip of) discovery hole DH2405T002.
▪ Initial drill h ole DDH24 16T001 at Target T16 HeliTEM target intersect ed 1.29m of breccia hosted sulphide
copper-nickel mineralization (Figure 5) grading 2.39% Cu, 1.17% Ni.
▪ Mineralization at T16 is potentially a different style of mineralization, one not previously observed at Luanga.
▪ Drilling will continue at T5, while a second drill rig will commence follow -up drilling on BHEM ( Borehole
Electromagnetic) anomalies at T6, T11, T15, T16 and T17.
▪ As a result of the initial positive results, the EM-target drilling has increased from an initial 3,000m to 8,000m
and may increase further, depending on results.
Figure 1: 16% High-Grade Copper, 3.7g/t Gold in DDH2405T004 at T5 (161.5m downhole). Open along strike and at depth.
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Exploration Drilling Update
Assay results have been received from diamond drill hole DDH2405T004 at the T5 target, 1km east of the Luanga
Deposit, and from diamond drill hole DDH2416T001 at the T16 HeliTEM target, 1.2 km south of Luanga’s PGM+Au+Ni-
rich Central Sector. BHEM has been completed on hole DDH2416T001 at T16. Together, this latest drilling comprises
a total of 371 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 has narrowed this list to 11 high priority
conductors that warrant follow-up drilling of predominantly off-hole BHEM conductors. T5, T6 and now T16 are three
of these 11 HeliTEM targets.
Drilling will continue at T5, while a second drill rig will commence to follow-up drilling on BHEM anomalies at T6, T11,
T15, T16 and T17, before moving to new targets to implement initial drilling/BHEM.
T5 Target
Figure 2 shows the mineralization intersected in DDH2405T004, the second hole at the T5 target, and located 50m
east and along strike of previously reported hole high-grade copper-gold mineralization in DDH2405T002 (see press
release May 28, 2024) 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: DDH2405T004 - Massive/Semi-massive/ breccia sulphide Cu mineralization at T5 target (154.0 – 161.4m shown).
Drill hole DDH2405T004 intersected 8.75m (grading 9.48% Cu, 2.1g/t Au) of massive/semi-massive/breccia hosted
copper sulphide mineralization, at the T5 target. Like hole DDH2405T002, located 50m to the west, mineralization
is interpreted to be consistent with typical Carajás IOCG -style hydrothermal mineralization (also supported by
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10 June 2024
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preliminary chemistry from handheld XRF spectrometer), further indicating T5 as IOCG -style and unrelated to the
Luanga Deposit.
DDH2405T006 is now in progress, below (down-dip) DH2405T002, with additional drilling planned along strike and
up and down dip.
HOLE-ID From (m) To (m) Thickness (m) Cu (%) Sulphide Ni* (%) Sulphide Au (g/t) TYPE
DDH2405T004 153.60 162.35 8.75 9.48 0.05 2.08 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
As only one drill hole is present on the current three drill sections, the orientation 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.
Hole DH2405T003, drilled 50m west of DH2405T00 2 (Figure 4) intersected breccia hosted copper sulphides (Figure
3). Like DDH2405T002 and 004, this core also contains semi -massive/breccia IOCG -style copper sulphide
mineralization, confirming continuity of the sulphide mineralization along strike. Assays are pending.
Figure 3: Breccia copper sulphides (results pending) in DH2405T003 (158.9 – 162.5m shown).
DH2405T005, located up dip of DH2405T002 (Figure 4) , intersected oxidized mineralization with interpreted ex -
massive sulphides present as weathered oxides (assays pending). Mineralization at T5 remains open along strike,
and up-dip/down dip from the intercepts reported here.
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10 June 2024
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Figure 4: Off-hole conductors at T5. Drill holes 002, 003 and 004 intersect conductor; 006 is in progress.
T16 Target
T16 is located 1km south of the PGM+Au+Ni mineralization in the Central Sector and is hosted in meta-diorite below
the Luanga footwall ultramafic sequence. Figure 5 shows the intersected mineralization, which consists of 1.3m of
breccia hosted sulphides, mainly pyrrhotite, generating a strong EM response. This first drill hole at T16 targets the
HeliTEM anomaly and appears to have successfully intersected the EM conductor. BHEM data indicates that the
conductor extends at depth, below DDH2416T001.
T16 has a clear association between Ni-Cu and Pt-Pd-Au, which is very different to both T5 , which is essentially
chalcopyrite (Cu sulphide) associated, and T6, which is essentially pyrrhotite (Fe sulphide) associated. This Pt-Pd-Au
association indicates that T16 may have a contribution from the Luanga Deposit. The low Ni/Cu ratio (~0.5) and Au/Pd
ratio (~0.75) are quite distinct from both mag matic and remobilized sulphides previously seen associated with the
Luanga Deposit. Mineralization at T16 is potentially a different style of mineralization not previously observed at
Luanga.
Follow-up drilling will target the BHEM conductor at a greater depth, below DDH2416T001.
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10 June 2024
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Figure 5: DDH2416T001 breccia sulphide mineralization at T16 target (94.5 – 98.4m shown (top). Close-up at 95.0m).
HOLE-ID From (m) To (m) Thickness (m) Cu (%)
Sulphide
Ni* (%)
Sulphide Pd (g/t) Au (g/t) TYPE
DDH2416T001 94.59 95.88 1.29 2.39 1.17 0.16 0.10 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
As only one drill hole is present on the current three drill sections, the orientation 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.
Drill Results Status Update
A total of 298 drill holes have been completed to date by Bravo, for 63,672 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 249 Bravo drill holes to date. Assay results for 41
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 follow up identified EM anomalies, continue
to systematically evaluate T5, and other high-priority conductors defined by HeliTEM and subsequent BHEM surveys.
In addition to exploratory drilling on EM anomalies, ongoing drilling continues at the Luanga Deposit.
Complete Table of Recent Intercepts.
HOLE-ID Target From (m) To (m) Thickness (m) Cu (%)
Sulphide
Ni* (%)
Sulphide Pd (g/t) Au (g/t) TYPE
DDH2405T004 T5 153.60 162.35 8.75 9.48 0.05 - 2.08 FR
DDH2416T001 T16 94.59 95.88 1.29 2.39 1.27 0.16 0.10 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
As only one drill hole is present on the current three drill sections, the orientation 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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Figure 6: Location of Bravo Drilling at the T5 and T16 targets, reported in this News Release
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10 June 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 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:
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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10 June 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 “high-grade”, “ encouraging”, “exceptionally”, “positive results”,
“priority”, “continuity significant”, “ 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 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 and XRF identification of minerals in the core; 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 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 obta ining 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 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.