Bravo Receives Final Results from 2024 Infill and Step-out Drilling at Luanga PGM+Au+Ni Deposit, Supporting Mineral Resource Update Highlights include 39m at 2.34g/t PGM+Au, 34m at 2.24g/t PGM+Au, and 36m at 2.21g/t PGM+Au
NEWS RELEASE
10 February 2025
1 | P a g e
Bravo Receives Final Results from 2024 Infill and Step-out Drilling at Luanga
PGM+Au+Ni Deposit, Supporting Mineral Resource Update
Highlights include 39m at 2.34g/t PGM+Au, 34m at 2.24g/t PGM+Au, and 36m at 2.21g/t PGM+Au
VANCOUVER, February 10, 2025 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
has received assay results from the final seven diamond drill holes (“DDH”) in the Central Sector of its 100% owned
Luanga palladium + platinum + rhodium + gold + nickel deposit (“Luanga deposit” or “Luanga PGM+Au+Ni deposit”),
located in the Carajás Mineral Province, Pará State, Brazil.
“Results from infill and extensional drilling in the Central Sector at the Luanga PGM+Au+Ni deposit continue to
demonstrate Luanga’s mineral resource upside potential. Drilling consistently intercepts substantial mineralized
thicknesses and grades, often matching or exceeding results from earlier drill holes on the same section. Sections in
this news release also demonstrate that grades frequently improve at depth, from hole to hole , across multiple
intervals,” said Luis Azevedo, Chairman and CEO. “ We are extremely pleased with the outcomes of our 2024 drilling
and trenching programs, which were completed under budget and have set a positive outlook for the forthcoming
MRE update.”
Highlights Include:
▪ The 2024 drill program is complete, and the results reported herein finalize the reporting of all assay data in
readiness for the upcoming mineral resource estimate (“MRE”) update.
▪ Infill and extensional d rilling, at depth in the Central Sector, continue to demonstrate improved mineralized
thicknesses and grades as compared to previous shallower drilling on the same section.
▪ Drilling has extended mineralization to depth in the Central Sector and demonstrates yet further potential for
the addition of mineralization, potentially with increased grades and thicknesses , that are still considered to
be within reach of a potential future open pit.
▪ The 2024 drill program increased the depth extent and thickness of the mineralized zones, and improved
grades within the mineralized envelope.
▪ Exploration is progressing on EM targets and newly identified Cu-Au targets, with drilling scheduled to
recommence at T5 in Q1’2025.
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)
DDH24LU286 118.00 157.0 39.0 1.70 0.54 0.06 0.04 2.34 0.32 FR
DDH24LU287 121.6 155.6 34.0 1.45 0.53 0.08 0.18 2.24 0.24 FR
DDH24LU288 122.3 178.3 56.0 1.39 0.52 0.05 0.02 1.97 0.24 FR
DDH24LU289 100.7 136.7 36.0 1.59 0.53 0.09 0.01 2.21 0.25 FR
DDH24LU290 49.7 53.7 4.0 1.80 1.54 0.03 0.03 3.39 0.08 FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.
Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 140% of true thickness.
Type: Ox = Oxide. FR = Fresh 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
10 February 2025
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Luanga Drilling Update
Results from seven diamond drill holes have been received , all from the Central Sector of the Luanga PGM+Au+Ni
deposit. All the drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 320 – 330°. Together,
this set of drill holes comprise a total of 1,471.4 metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector shows a drill section where mineralization has been intersected at depth in
drill hole DDH24LU286, and forms part of the recently completed 2024 drilling program. The 2024 drill program
aimed to further define mineralization at greater depths than previous drilling as is the case in Section 1 . Further
drilling was aimed at infilling areas of wider spaced drill sections with the objective of upgrading the confidence levels
of existing resources in the MRE. DDH24LU286 extends the mineralization approximately a further 75m to depth,
now reaching approximately 175m from surface , with mineralized thicknesses and grades showing excellent
consistency, equal or better to shallower drill holes . The mineralization remains open at depth with potential for
further extension below 175 m depth.
Figure 1: Central Sector (Section 1 on Figure 4). Mineralized Grades and thicknesses continue to impress, adding substantial depth extension.
NEWS RELEASE
10 February 2025
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Section 2 (Figure 2) shows extensional drill hole DDH24LU282 in the Central Sector, which also extends the depth of
intersected mineralization a further 75m, to approximately 250m from surface. Here, mineralized grades can be seen
to consistently improve with depth, while the overall interpreted thickness of mineralization is also increasing with
depth. As in Section 1 above, DDH24LU282 of the 2024 drill program has significantly extended the volume of
mineralization at depth on this section. The potential remains to further extend mineralization at depth, potentially
with increasing thickness and grades.
Figure 2: Central Sector (Section 2 on Figure 4). Extensional drilling defines significant future MRE growth potential, still open shallow depths.
NEWS RELEASE
10 February 2025
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HeliTEM (Helicopter borne EM) and Copper-Gold Exploration Update
Exploration is progressing on both EM targets and new Cu-Au targets (Figure 3) within the Luanga licence.
Drilling is expected to recommence, starting at T5, in Q1.
Figure 3: Location (over magnetics) of priority Cu/Au targets outside the Luanga PGM+Au+Ni deposit, the focus of regional exploration.
NEWS RELEASE
10 February 2025
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Drill Results Status Update
A total of 345 drill holes have been completed by Bravo to date, for 73,675.65 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported for 311 Bravo drill holes to date. Assay results for 26
holes are currently outstanding (excluding the metallurgical holes). These 26 holes relate to exploration outside of
the Luanga PGM+Au+Ni resource area. A total of 45 trenches have been completed to date (for 9,065.73 metres),
with all results reported.
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)
DDH24LU285 0.0 11.0 11.0 0.64 0.32 0.01 0.01 0.99 NA Ox
And 30.5 37.4 6.9 0.77 0.68 0.01 0.05 1.51 NA Ox/FR
DDH24LU286 118.0 157.0 39.0 1.70 0.54 0.06 0.04 2.34 0.32 FR
And 163.0 193.0 30.0 0.27 0.25 <0.01 <0.01 0.52 0.02 FR
DDH24LU287 0.0 12.9 12.9 0.58 0.23 0.01 0.11 0.93 NA Ox
And 106.8 114.8 8.0 0.63 0.25 0.02 0.10 1.00 0.22 FR
And 121.6 155.6 34.0 1.45 0.53 0.08 0.18 2.24 0.24 FR
And 164.6 200.6 36.0 0.29 0.25 <0.01 0.03 0.57 0.02 FR
DDH24LU288 122.3 178.3 56.0 1.39 0.52 0.05 0.02 1.97 0.24 FR
DDH24LU289 57.7 62.7 5.0 0.52 0.15 0.24 0.01 0.91 0.34 FR
And 75.7 143.8 68.0 1.10 0.38 0.06 0.01 1.55 0.19 FR
Including 100.7 136.7 36.0 1.59 0.53 0.09 0.01 2.21 0.25 FR
DDH24LU290 6.3 34.7 28.4 0.70 0.24 0.02 0.01 0.97 NA Ox/FR
Including 29.7 34.7 5.0 1.37 0.48 0.05 0.01 1.91 0.30 FR
And 49.7 53.7 4.0 1.80 1.54 0.03 0.03 3.39 0.08 FR
DDH24LU291 No Significant Result
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.
Given the orientation of drilling and mineralization, intercepts are estimated at 115% 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
10 February 2025
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Figure 4: Location of Bravo Drilling and Sections Reported in this News Release
NEWS RELEASE
10 February 2025
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About Bravo Mining Corp.
Bravo is a Canadian and Brazil -based mineral exploration and development company focused on advancing its
PGM+Au+Ni Luanga Project , as well as our Cu -Au exploration opportunities in the world -class Carajás Mineral
Province, Para State, Brazil.
Bravo is one of the most active explorers in Carajás. The team, comprising of 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 discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating
mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including
road, rail, ports, and hydroelectric grid power. A fully funded +70,000m infill, step out and exploration drilling and
trenching program was completed in 2024. Bravo’s current Environmental, Social and Governance activities includes
planting more than 30,000 high-value trees in and around the project area, while hiring and contracting locally.
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.
NEWS RELEASE
10 February 2025
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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 “continues”, “s ignificant”, “ potential”, “ substantial”, “ improved”,
“further extension”, “consistent increase”, “better”, “wide”, “upside”, “match”, “exceed”, “frequently”, 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 2024 drill program and the
results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at
depth; the potential for greater thicknesses and/or higher grades at depth ; the impact of current and future drilling
on future mineral resource estim ates, after taking into account other modifying factors; whether or not the
mineralization is amenable to open pit mining and, if so, to what extent; potential economic outcomes, including strip
ratios, in future economic studies; 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, including, 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 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 risks; that the Luanga Project will not be materially
affected by potential supply chain disruptions; and general busin ess 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 p laced 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.