Bravo Trenches 175m Zone of Oxide PGM+Au Mineralization at Luanga Highlights include 79m at 3.65g/t PGM+Au, including 22m at 9.40g/t PGM+Au; 125m at 2.30g/t PGM+Au; and 175m at 1.71g/t PGM+Au, including 30m at 3.47g/t PGM+Au
NEWS RELEASE
26 September 2023
1 | P a g e
Bravo Trenches 175m Zone of Oxide PGM+Au Mineralization at Luanga
Highlights include 79m at 3.65g/t PGM+Au, including 22m at 9.40g/t PGM+Au; 125m at
2.30g/t PGM+Au; and 175m at 1.71g/t PGM+Au, including 30m at 3.47g/t PGM+Au
VANCOUVER, September 26, 2023 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”)
announced that it has received assay results from a further five trenches, all located in the North 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.
“Our trenching program continues to yield outstanding results and highlights the lateral extension of Oxide PGM+Au
mineralization at surface , now observed in both the North and Southwest Sectors. Results show the potential for
increased volume and improved average grades in the oxide zone , which are expected to have a positive impact on
the oxide component of the forthcoming Mineral Resource Estimate,” said Luis Azevedo, Chairman and CEO of Bravo.
“Furthermore, the assay grades returned within the trenches are consistently higher than the assay grades in the
nearest drill holes located below the trenches. This supports our interpretation of supergene enrichment occurring in
the near-surface oxide zone.”
Highlights Include:
▪ The successful program of trenching, which commenced at Luanga’s Southwest Sector, aimed at improving the
interpretation of mineralization at surface for the pending Mineral Resource Estimate (“MRE”) , continues to
progress in the North Sector, again returning excellent results and showing significant upside potential in both
volume and the grade of mineralization.
▪ Further potential is yet to be tested since some trenches are still in mineralization at their end/s and require
extension. For example, m ineralization in trench TRC23LU022 is open at each end of the trench, with both
ends finishing in the highest-grade mineralization within the greater 125m wide interval:
o 0m (Start of Trench) to 9m @ 5.62g/t PGM+Au; and
o 117m to 125.6m (End of Trench) @ 4.66g/t PGM+Au.
▪ Trenching is planned to continue along the entire 8.1km strike length of the Luanga deposit.
TRENCH-ID From
(m)
To
(m)
Thickness
(m)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t) Au (g/t) PGM + Au
(g/t) TYPE
TRC23LU021 0.0 79.0 79.0 2.05 1.24 0.23 0.13 3.65 Ox
Including 29.0 51.0 22.0 5.09 3.28 0.62 0.41 9.40 Ox
TRC23LU022 0.0 125.6 125.6 1.01 1.16 0.11 0.02 2.30 Ox
TRC23LU023 100.0 157.0 57.0 1.24 0.79 0.11 0.06 2.21 Ox
TRC23LU024 0.0 34.0 34.0 0.51 1.52 0.05 0.01 2.10 Ox
And 82.5 258.2 175.7 1.04 0.56 0.09 0.02 1.71 Ox
Including 93.5 123.5 30.0 2.23 1.02 0.20 0.03 3.47 Ox
TRC23LU025 32.0 187.2 155.2 0.77 0.53 0.04 0.02 1.36 Ox
Including 73.0 110.0 37.0 1.16 0.96 0.10 0.04 2.26 Ox
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are along the topographic surface.
Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NEWS RELEASE
26 September 2023
2 | P a g e
Luanga Trenching Program
The successful program of trenching that commenced at Luanga’s Southwest Sector in 2022, has continued in the
North Sector (Figure 1). Trenching across the strike of the outcrop/sub -crop aims to better interpret near surface
mineralization for the pending MRE, and to reduce the distance/spacing between assay data points in preparation
for MRE classification (i.e., Indicated/Inferred).
The trenching program continues to highlight significant growth in the extent o f shallow mineralization, which is
supported by thicknesses intersected in shallow drillholes nearby. Assay results from trenching ( sections shown in
Figures 2 & 3) clearly show that mineralization in the saprolite zone (above the base of oxidation) increases in
thickness, a feature that is common in tropical weathering profiles. Figure 4 shows the location of trenches, and their
mineralized thicknesses in plan. PG M grades in the trench assay samples compare positively to the high -grade
intersections in nearby down dip drillholes (Figures 2 & 3). This supports the concept of supergene enrichment in
the saprolite zone, as reported in previous trench results (see May 08th, 2023).
Figure 1: Trenching in the North Sector.
The saprolite zone rang es from <2m thick on the ridge line, to 25m thick away from the ridge. When taking into
account the wider than expected high-grade trench results, the evidence of near surface supergene enrichment and
the Luanga deposit’s 8.1km of strike, there is potential for a substantially greater volume of saprolite zone/oxide
mineralization at higher than historically modelled grades , and potentially greater metal content in the pending
maiden MRE.
The same sampling, assay laboratory procedures and QAQC protocols as applied to drill core sampling are applied to
trench samples.
NEWS RELEASE
26 September 2023
3 | P a g e
Trenching to date continues to be successful, beneficial, and highly cost effective. Trenching is planned to continue
along the entire 8.1km strike length of the Luanga deposit, moving to the Central Sector after completion in the North
Sector.
Figure 2 (Section 1) shows how trenching has significantly improved the definition and volume potential of near
surface oxide mineralization, while improving the understanding of the relationship between near surface oxide
mineralized intersections in Bravo’s drilling. Previously, the up-dip portion of the mineralized section was interpreted
more conservatively; however, trench data provides strong support for an improved interpretation.
In the case of trench TRC23LU022 (Figure 2), mineralization is also still open at each end of the trench, signalling the
potential for further improvement when the trench is extended. Furthermore, both ends of the trench finish ed in
the highest-grade portions of the trench: 0m (Start of Trench) to 9m grading 5.62g/t PGM+Au and 117m to 125.6m
(End of Trench) grading 4.66 g/t PGM+Au.
Figure 2: North Sector (Section 1 on Figure 4) – Trenching demonstrating potential for volume growth near surface, in the saprolite.
Trench TRC23LU024 (Figure 3, Section 2) was opened to evaluate the previously interpretation of mineralization;
however, it is now clear that a significant blanket of mineralized oxide exists not just on top of the ridge but persisting
down both sides of the ridge. With multiple zones of mineralization in the trench, one of which is 175m wide, the
trench’s extensions are yet to be tested in both directions. Assay grades encountered in the trench are once again
higher than assay grades in nearest drill holes below the trench , further supporting the existence of supergene
enrichment in the near surface oxide material.
NEWS RELEASE
26 September 2023
4 | P a g e
In summary, firstly Bravo sees potential for MRE volume growth due to a more extensive oxide blanket covering the
entire ridge coincident with the mineralized zone and extending down both sides of the ridge. Secondly, Bravo sees
further potential for volume growth due the “mushroom” style expansion of mineralization in the saprolite zone
directly above the main mineralized zones and extending beyond the trench limits. Further, there is the potential to
continue to encounter higher average grades in the oxide mineralization due to the continuing evidence of supergene
enrichment near surface.
Figure 3: North Sector (Section 2 on Figure 4) – Trenching improves definition of volume and understanding of mineralization at surface.
Luanga Drilling Status
A total of 215 drill holes (80 in 2023) have been completed by Bravo to date, for 44,110 metres, including 8 planned
twin holes and 8 metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill
holes to date. Results for 21 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes).
NEWS RELEASE
26 September 2023
5 | P a g e
Complete Table of Recent Intercepts - Trenching
TRENCH-ID From
(m)
To
(m)
Thickness
(m)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t) Au (g/t) PGM + Au
(g/t) TYPE
TRC23LU021 0.0 79.0 79.0 2.05 1.24 0.23 0.13 3.65 Ox
Including 29.0 51.0 22.0 5.09 3.28 0.62 0.41 9.40 Ox
TRC23LU022 0.0 125.6 125.6 1.01 1.16 0.11 0.02 2.30 Ox
Including 0.0 9.0 9.0 2.36 3.19 0.04 0.03 5.62 Ox
Also Including 117.0 125.6 8.6 2.79 1.50 0.27 0.10 4.66 Ox
TRC23LU023 4.0 30.0 26.0 0.56 1.13 0.04 0.01 1.74 Ox
And 100.0 157.0 57.0 1.24 0.79 0.11 0.06 2.21 Ox
TRC23LU024 0.0 34.0 34.0 0.51 1.52 0.05 0.01 2.10 Ox
And 38.0 44.5 6.5 0.40 1.60 0.06 0.01 2.07 Ox
And 48.5 67.5 19.0 0.61 1.04 0.08 0.01 1.75 Ox
And 82.5 258.2 175.7 1.04 0.56 0.09 0.02 1.71 Ox
Including 93.5 123.5 30.0 2.23 1.02 0.20 0.03 3.47 Ox
TRC23LU025 32.0 187.2 155.2 0.77 0.53 0.04 0.02 1.36 Ox
Including 73.0 110.0 37.0 1.16 0.96 0.10 0.04 2.26 Ox
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are along the topographic surface.
Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NEWS RELEASE
26 September 2023
6 | P a g e
Figure 4: Location of Bravo Trenches and Sections Reported in this News Release
NEWS RELEASE
26 September 2023
7 | P a g e
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 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. A fully funded 63,000m infill,
step out and expl oration drilling is currently underway . 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.
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
26 September 2023
8 | P a g e
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 “compare well”, “elevated”, “expect”, “anticipated”, “future results”,
“continue”, “outstanding results”, “positive impact”, “potential”, “successful”, “interpretation”, variants of these
words and other similar words, phrases, or statements that certain events or conditions “may”, “should” or “will”
occur. This news release contains forward -looking information pertaining to the Company’s ongoing trenching
program; the interpretation of the results of trench data, including that the mineralization thickens in the saprolite ,
is locally supergene enriched , and the impact on mineral resource estimates thereof; the potential that similar
thickening and supergene enrichment may be present along the entire strike length of the Luanga deposit and the
impact on mineral resource estimates there after; the potential for additional mineralization once trenches are
extended beyond their current limits and the impact on mineral resource estimates thereafter; the potential future
economics of the saprolite material, including the recoverability of PGMs and A u therein; the results of planned
additional trenching;; the timing and outcome of the planned mineral resource estimate; 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 Ni grades 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 business and
economic conditions w ill 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. Th e Company disclaims any intention or obligation to
update or revise any forward-looking information, other than as required by applicable securities laws.