Bravo’s Trenching Results at Luanga Continue to Impress Highlights include 122m at 2.59g/t PGM+Au, including 13m at 9.46g/t PGM+Au; 26m at 3.96g/t PGM+Au and 15m at 3.47g/t PGM+Au.
NEWS RELEASE
14 December 2023
1 | P a g e
Bravo’s Trenching Results at Luanga Continue to Impress
Highlights include 122m at 2.59g/t PGM+Au, including 13m at 9.46g/t PGM+Au; 26m at
3.96g/t PGM+Au and 15m at 3.47g/t PGM+Au.
VANCOUVER, December 14, 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. Four are in the North Sector, while the fifth
is the first trench from the Central Sector, at 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.
“Bravo’s trenching program continues to return excellent results that are significantly better than average oxide
grades reported in the existing Mineral Resource Estimate (“MRE”). In addition, the expanded lateral extent of oxide
PGM+Au mineralization at the surface is likely to increase the oxide volume component of a future MRE update. The
high-grade zones present within these broad intersections also continue to support our interpretation of supergene
enrichment occurring in the near-surface oxide zone,” said Luis Azevedo, Chairman and CEO of Bravo. “Furthermore,
it is encouraging to see the first trench results from the Central Sector showing the same broad distribution and high
grades we have consistently observed in both the North and Southwest Sectors.”
Highlights Include:
▪ Results continue to demonstrate expansion of the lateral extents of surface oxide mineralization, draped over
the topographic high of the outcropping Luanga mineralized trend.
▪ Trenching also consistently reveals the presence of supergene enrichment in the saprolite zone, situated a t
the base of oxidation.
▪ Results at the southern end of the North Sector continue to show broad distribution of oxide mineralization
(TRC23LU019 with 150m at 1.38g/t PGM+Au), including zones of high -grade mineralization ( 26m at 3.96g/t
PGM+Au).
▪ The first trench completed in the Central Sector (TRC23LU016) has also returned high -grade mineralization
(122m at 2.5 9g/t PGM+Au, including 13m at 9.46g/t PGM+Au ) that also further supports the intersection of
high-grade supergene mineralization in nearby drill hole PPT-LUAN-FD0124 (16m at 13.13g/t PGM+Au).
▪ Returned grades are consistently better than MRE average grades for the oxide zone, indicating potential for
increased tonnes of oxide mineralization at higher grades in future mineral resource updates.
▪ Trenching is planned to continue along the entire 8.1km strike length of the Luanga deposit, with work now
progressing in the Central Sector.
TRENCH-ID From
(m)
To
(m)
Width
(m)
Pd
(g/t)
Pt
(g/t)
Rh
(g/t) Au (g/t) PGM + Au
(g/t) TYPE
TRC23LU016 0.00 122.20 122.20 1.47 0.89 0.18 0.05 2.59 Ox
Including 81.20 94.20 13.00 5.26 3.44 0.68 0.09 9.46 Ox
TRC23LU017 0.00 110.40 110.40 1.01 0.47 0.14 0.04 1.67 Ox
Including 37.70 48.50 10.80 2.09 0.90 0.25 0.02 3.27 Ox
TRC23LU018 38.30 62.30 24.00 0.91 0.52 0.09 0.16 1.69 Ox
TRC23LU019 19.00 169.00 150.00 0.87 0.43 0.05 0.03 1.38 Ox
Including 65.80 92.20 26.40 2.48 1.29 0.16 0.03 3.96 Ox
TRC23LU020 51.00 66.00 15.00 2.06 1.22 0.16 0.04 3.47 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
14 December 2023
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Luanga Trenching Program
Trenching across the strike of the outcrop/sub -crop aim s to better interpret near surface mineralization and to
reduce the distance/spacing between assay data points for later resource classification to the indicated category. To
date, the program has been highly successful.
Results for trenches TRC23LU017 to 020 cover the southern end of the North Sector while TRC23LU016 is the first
trench in the Central Sector (Figure 1). Trenching is now continuing in the Central Sector (TRC23LU013, 014, 015
results pending – Figure 1). Figure 3 shows the location of trenches reported in this press release.
Figure 1: Trenching in the North and Central Sectors.
Trenching results continues to highlight significant expansion in the lateral extent of shallow oxide mineralization,
which extends out across the topographic ridge along the 8.1km strike length of the Luanga deposit. Results also
confirm the presence of supergene enrichment in the saprolite zone (above the base of oxidation) , encountering
significantly higher than the MRE average grades in the oxide mineralization. The presence of supergene enrichment
is also supported by intersections in shallow drillholes nearby (Figure 2 – Section 1) and reported in previous trench
results (see September 26th 2023 and May 08th, 2023).
Figure 2 (Section 1) demonstrates the lateral extent of surface oxide mineralization, while the high-grade zone (13m
at 9.46g/t PGM+Au) in TRC23LU016 supports the high-grade supergene mineralization in nearby drill hole PPT-LUAN-
FD0124 (16m at 13.13g/t PGM+Au).
Trenching to date continues to be successful, and is likely to enhance future MREs , and is very cost effective .
Trenching is planned to continue along the entire 8.1km strike length of the Luanga deposit , with work now
progressing in the Central Sector.
The same sampling, assay laboratory procedures and QAQC protocols as applied to drill core sampling are applied to
trench samples.
NEWS RELEASE
14 December 2023
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Figure 2: Central Sector (Section 1 on Figure 3) – Trenching showing supergene enrichment and lateral extents to surface mineralization’.
Luanga Drilling & Trenching Status
A total of 246 drill holes (111 in 2023) have been completed by Bravo to date, for 53,140 metres, including 8 planned
twin holes and 8 metallurgical holes (not subject to routine assaying). Results have been reported for 213 Bravo drill
holes to date. Results for 25 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes). A total
of 18 trenches have been completed in2023, with results for 15 trenches reported and results for 3 pending.
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
TRC23LU016 0.00 122.20 122.20 1.47 0.89 0.18 0.05 2.59 Ox
Including 81.20 94.20 13.00 5.26 3.44 0.68 0.09 9.46 Ox
TRC23LU017 0.00 110.40 110.40 1.01 0.47 0.14 0.04 1.67 Ox
Including 37.70 48.50 10.80 2.09 0.90 0.25 0.02 3.27 Ox
TRC23LU018 27.20 121.50 94.30 0.61 0.29 0.05 0.06 1.02 Ox
Including 38.30 62.30 24.00 0.91 0.52 0.09 0.16 1.69 Ox
TRC23LU019 19.00 169.00 150.00 0.87 0.43 0.05 0.03 1.38 Ox
Including 65.80 92.20 26.40 2.48 1.29 0.16 0.03 3.96 Ox
NEWS RELEASE
14 December 2023
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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
TRC23LU020 0.00 70.40 70.40 0.77 0.51 0.06 0.01 1.36 Ox
Including 51.00 66.00 15.00 2.06 1.22 0.16 0.04 3.47 Ox
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are along the topographic surface. Ox = Oxide. Recovery methods will differ based on the type of mineralization.
Figure 3: Location of Bravo Trenches and Sections Reported in this News Release
NEWS RELEASE
14 December 2023
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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
PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.
The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to
operating mines, 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 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 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:
Alex Penha
EVP Corporate Development
NEWS RELEASE
14 December 2023
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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 “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 future 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 future economics of the saprolite material, including
the recoverability of PGMs and Au therein; the results of planned additional trenching ; 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 results from
trenching reasonably reflect consistent zones of oxide mineralization and that future results from additional trenching
will continue to see similar b road distribution of oxides with higher grades that the current MRE ; 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 materia lly 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 int ention or
obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
NEWS RELEASE
14 December 2023
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Schedule 1: Trench Location Details
HOLE-ID Company East (m) North (m) RL (m) Datum Length
(m) Azimuth Dip Sector
TRC23LU016 Bravo 659897.29 9341603.13 216.866 SIRGAS2000_UTM_22S 132.70 330.00 0.00 Central
TRC23LU017 Bravo 659846.77 9341776.59 254.105 SIRGAS2000_UTM_22S 220.10 90.00 0.00 North
TRC23LU018 Bravo 659871.94 9341873.08 254.201 SIRGAS2000_UTM_22S 182.20 90.00 0.00 North
TRC23LU019 Bravo 659551.80 9342856.50 280.218 SIRGAS2000_UTM_22S 169.00 90.00 0.00 North
TRC23LU020 Bravo 659497.93 9342976.42 274.761 SIRGAS2000_UTM_22S 70.40 90.00 0.00 North
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS 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 reference 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 Parau apebas SGS laboratory by Bravo staff. Additional information about the
methodology can be found on the SGS Geosol website ( SGS) in their analytical guides. Information regarding
preparation and analysis of historic drill core is also presented in the table below, where the information is known.
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 SGS Geosol
Preparation Method Method Method Method
For All Elements Pt, Pd, Au Rh Sulphide Ni, Cu Trace Elements
PRPCLI (85% at 200#) FAI515 FAI30V AA04B ICP40B