Bravo Intercepts Massive Sulphide Mineralization at its Luanga (PGM + Au + Ni) Project 11m
Bravo Intercepts Massive Sulphide
Mineralization at its Luanga (PGM + Au + Ni)
Project
11m
* Zone of Massive and Brecciated Semi-Massive Nickel/Copper Sulphides Intersected
VANCOUVER, BC
,
Aug. 3, 2022
/CNW/ - Bravo Mining Corp. (TSX.V: BRVO), ("
Bravo
" or the
"
Company
") today announced that a diamond drill hole at its Luanga Project ("
Luanga
"), located in
the Carajás Mineral Province, state of Pará ,
Brazil
, intersected massive sulphide and semi-massive
sulphide mineralization. Based on visual inspection by experienced geologists the core is interpreted
to contain pyrrhotite, pentlandite (a primary nickel sulphide mineral) and chalcopyrite (a primary
copper sulphide mineral). This style of sulphide mineralization, in these concentrations, has not
previously been observed at the Luanga platinum group metals (palladium + platinum + rhodium) +
gold + nickel (PGM+Au+Ni) project. Likewise, primary copper mineralization (interpreted as
chalcopyrite) has previously only been observed in trace amounts at Luanga.
DDH22LU047: Massive sulphide mineralization interpreted as pyrrhotite + lesser pentlandite (a nickel
mineral) and chalcopyrite (a copper mineral), from 136.0 to 137.6m* (CNW Group/Bravo Mining
Corp.)
"Intersecting this style of massive sulphide mineralization for what we believe to be the first time at
Luanga is a potentially material development," said
Luis Azevedo
, Chairman and CEO of Bravo.
"The drill hole has already been cased with PVC for planned downhole electromagnetic survey
(DHTEM), and we will shortly be commencing a detailed ground gravity survey. Both geophysical
techniques could help guide follow-up drill holes. We believe that further discovery potential exists
at Luanga, particularly regarding prospective zones below the PGM mineralization and the
geophysics could help direct that work."
Highlights
Subsequent to executing the remaining land access agreements, the first of the planned
northern drill holes (DDH22LU047) intersected massive and semi-massive sulphides that are
interpreted to contain both pentlandite (a primary nickel mineral) and chalcopyrite (a primary
copper mineral). PGM+Au+Ni assays are pending.
DDH22LU047 is already PVC cased ready for DHTEM, a highly successfully geophysical tool
for defining and targeting conductors generated by massive sulphides.
Bravo plans to commence a detailed ground gravity survey. Gravity surveys are ideally suited to
detecting differences in density, such as the high densities native to massive sulphides.
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 project, including to
the north where the latest and final surface access agreements were recently signed.
Phase 1 drilling is designed to confirm, infill and step out from the previously defined mineralization in
order to increase confidence in the geological model and provide the basis for future mineral
resource estimates. Additionally, deeper drilling will target extensions and exploration targets at
Luanga.
DDH22LU047: Breccia sulphide interpreted as pyrrhotite + pentlandite (a nickel mineral) +
chalcopyrite (a copper mineral), from 137.0 to 137.5m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: Drill core showing massive and brecciated semi massive sulphides, from 131.1m to
142.1m* (CNW Group/Bravo Mining Corp.)
* Depths and widths are downhole
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 operating 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:
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 "may" or "will" occur. In particular, this news release contains forward-looking
information pertaining to the Company's ongoing re-assay and drill programs; the expected arrival
of additional drill rigs and delivery of historic core; 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, 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 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.
SOURCE
Bravo Mining Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2022/03/c3380.html
%SEDAR: 00054599E
For further information:
Alex Penha, EVP Corporate Development, [email protected]
CO: Bravo Mining Corp.
CNW 10:38e 03-AUG-22