Bravo Intercepts High-Grade Nickel/Copper Massive Sulphide Mineralization at Luanga
NEWS RELEASE
16 August 2022
Bravo Intercepts High-Grade Nickel/Copper Massive Sulphide Mineralization at Luanga
Results Include 11m @ 2.04% Nickel + 1.23% Copper (PGM Results Pending)
VANCOUVER, August 16, 2022 – Bravo Mining Corp. (TSX.V: BRVO), (“Bravo” or the “Company”) today announced
high grade nickel and copper assay results from the previously released diamond drill hole DDH22LU047 at its Luanga
platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project (“Luanga”), located in
the Carajás Mineral Province, state of Par á, Brazil. The high-grade intercept of 11.04m grading 2.04% nickel and
1.23% copper occurs in massive and semi -massive sulphides – a style of mineralization not previously observed at
Luanga, increasing the target type potential at the project. Palladium, platinum and rhodium assay results are
pending.
Highlights:
▪ 11.04m @ 2.04% nickel and 1.23% copper, from 131.11m
o Including 4.54m @ 2.77% nickel and 1.23% copper, from 132.26m
o And including 0.80m @ 10.82% copper and 0.98% nickel, from 136.80m
• Contractors arriving onsite this week to commence Downhole Transient Electromagnetic ( “DHTEM”)
surveying at Luanga, starting with DDH22LU047
• Palladium, platinum and rhodium results are pending
DDH22LU047: High grade massive sulphide nickel mineralization at 136.0m*
“As announced in Bravo’s August 3 rd, 2022 news release , h igh-grade nickel-copper mineralization at these
concentrations, has not been observed previously at Luanga and could represent a new type o f mineralisation that
occurs within the Luanga PGM deposit, or a potential indication of feeder zones ," said Luis Azevedo, Chairman and
CEO of Bravo. "DHTEM surveying will commence shortly, which should allow us to vector in on the continuation of
high-grade nickel/copper massive sulphides, guiding follow-up drilling.”
NEWS RELEASE
16 August 2022
Luanga Drill Program
The Phase 1 diamond drill program continues as planned at Luanga. With six drill rigs on site, drilling is now in
progress in various locations along the entire 7km strike length of the known mineralization, including to the north
where the latest and final surface access agreements were recently signed (see August 2, 2022 news release).
Phase 1 drilling is designed to confirm, infill and step out from the previously defined PGM+Au+Ni mineralization in
order to increase confidence in the geological model and provide the basis for future mineral resource estimates.
Additionally, drilling will target potential extensions to the mineralization at depth, as well as exploration targets at
Luanga.
Complete Table of Assay Results
HOLE-ID From
(m)
To
(m)
Thickness
(m)
Ni
(%)
Cu
(%)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t)
Au
(g/t) TYPE
DDH22LU047 131.11 142.15 11.04 2.03 1.23 Pending FR
Including 132.26 136.80 4.54 2.77 0.54 Pending FR
Including 136.80 137.60 0.80 0.98 10.82 Pending FR
• All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole
• Given the orientation of the holes and the mineralization, the intercepts are estimated to range from ~80 to 90% of true thickness.
• FR = Fresh Rock.
DDH22LU047: High grade breccia semi–massive sulphide nickel-copper mineralization, from at 137.0m*
DDH22LU047: Drill core showing massive and brecciated semi-massive sulphides, from 131.1m to 142.1m*
* Depths and widths are downhole
NEWS RELEASE
16 August 2022
Location of Bravo Drilling Reported in this Document
NEWS RELEASE
16 August 2022
About Bravo Mining Corp.
Bravo is a Canada 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 benefits from being in a location close to operating mines, with excellent access and proximity to
existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was
previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities
includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the
environment during its exploration activities.
Bravo was founded by a management team and board with extensive Brazilian and PGM exploration, permitting,
project financing, construction and op erating experience. This includes Luis Azevedo, Executive Chairman & CEO;
Simon Mottram, President; Alex Penha, EVP Corporate Development; and Independent Directors, Dr. Nicole
Adshead-Bell (Lead Director), Stuart Comline, Tony Polglase and Stephen Quin.
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 National 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
16 August 2022
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 “confirm”, “designed”, “increase confidence”, “interpreted”, “pending”,
and other similar words , phrases or statements that certain events or conditions “should”, or “will” occur.
In particular, this news release contains forward -looking information pertaining to the Company’s ongoing re -assay
and drill programs and the results thereof ; the expected arrival of geophysical equipment and the results of such
surveys; the potential for the definition o new styles of mineralization and extensions to 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, changes in the state of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals, environmental risks, lim itations 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 the
interpreted mineralization contains significant values of nickel, copper and also contain PGMs and Au ; 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.
NEWS RELEASE
16 August 2022
Schedule 1: Drill Hole Collar Details
HOLE-ID Company East (m) North (m) RL (m) Datum Depth
(m) Azimuth Dip
DDH22LU047 Bravo 659899.99 9342475.05 275.18 SIRGAS2000 UTM22S 170.05 090 -60
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing and delivery to the ALS 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 refe rence 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 ALS laborato ry by Bravo staff. Additional information about the
methodology can be found on the ALS global website (ALS) in the analytical guides. IN this case a split is collected by
Bravo staff and securely delivered to the Intertek laboratory in Parauapebas where it was assayed by high priority for
ore grade Ni and Cu.
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 ALS
Preparation Method Method Method Method
For All Elements Pt, Pd, Au Rh Ni-Sulphide Trace Elements
PREP-31B PGM-ICP27 Rh-MS25 Ni-ICP05 ME-ICP61
Bravo Intertek
Method
Ni, Cu Sulphide
Ni-ICP05