Highlights include 39.6m at 5.41g/t PGM+Au, 51.3m at 3.12g/t PGM+Au and
52.0m at 2.23g/t PGM+Au
VANCOUVER, BC, Aug. 13,
2024 /CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX:
BRVMF), ("Bravo" or the "Company") has received
assay results from seven trenches in the Central Sector at its 100%
owned Luanga palladium + platinum + rhodium + gold + nickel deposit
("Luanga deposit" or "Luanga PGM+Au+Ni deposit"),
located in the Carajás Mineral Province, state of Pará,
Brazil.
"Bravo's trenching program continues to return excellent
results, with grades higher than the average oxide grades reported
in the Mineral Resource Estimate ("MRE"). In addition, the greater
lateral extent of oxide PGM+Au mineralization at surface is likely
to increase the volume of oxide material," said Luis Azevedo, Chairman and CEO of Bravo.
"Furthermore, it is encouraging to see that trenching results from
the Central Sector continue to follow the trend observed in the
North Sector, with broad lateral distribution at surface, combined
with supergene enrichment. With trenching now completed across more
than half of the Luanga deposit, results continue to outperform
expectations."
Highlights Include:
- Results from the Central Sector trenches continue to
demonstrate the broader lateral extent of surface oxide
mineralization in comparison to the zones of primary (fresh rock)
mineralization observed in drilling below the trenches (including
52m wide in TRC24LU007 and
51m wide in TRC24LU008).
- Results continue to confirm the presence of supergene
enrichment in the saprolite zone (above the base of oxidation),
encountering grades that are generally higher than MRE average
grades for oxide mineralization.
- Grades in trenches further corroborate or improve upon
intersections encountered by drilling in the underlying fresh rock,
while higher-grade zones within trenches, such as TRC24LU001
(39.6m at 5.41g/t PGM+Au) also
validate or surpass the high-grade intersections encountered by
prior drilling.
- Results to date suggest more tonnes of oxide at higher
grades, assuming similar cut-off grades to prior
estimates.
- Trenching is planned to cover the entire 8.1km strike length
of the Luanga deposit and, with work nearly complete in the Central
Sector, only the Southwest Sector and a small portion of the North
Sector remains.
- Outside of the main PGM+Au+Ni deposit, the project remains
prospective for Cu+Au+/-Ni discoveries with drilling in progress at
T5 and T6. This will be followed by drilling at new HeliTEM
targets.
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
|
TRC24LU001
|
45.60
|
85.20
|
39.60
|
3.06
|
1.93
|
0.22
|
0.20
|
5.41
|
Ox
|
TRC24LU007
|
113.15
|
165.15
|
52.00
|
1.29
|
0.71
|
0.17
|
0.07
|
2.23
|
Ox
|
TRC24LU008
|
66.60
|
117.85
|
51.25
|
1.72
|
1.09
|
0.21
|
0.10
|
3.12
|
Ox
|
TRC24LU026
|
187.40
|
232.50
|
45.10
|
0.30
|
0.76
|
0.11
|
0.01
|
1.18
|
Ox
|
TRC24LU027B
|
0.00
|
44.00
|
44.00
|
1.39
|
0.63
|
0.11
|
0.03
|
2.14
|
Ox
|
TRC24LU028
|
149.60
|
203.00
|
53.40
|
0.89
|
0.40
|
0.05
|
0.01
|
1.35
|
Ox
|
TRC24LU029
|
34.70
|
73.95
|
39.25
|
0.65
|
0.29
|
0.00
|
0.01
|
1.00
|
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.
Luanga Trenching Program
Trenching across the strike of the mineralization in the Central
Sector (Figure 1) aims to better interpret near surface
mineralization, reduce the distance/spacing between assay data
points for later resource classification, and define the lateral
extent, or dispersion of, surface oxide mineralization. The program
continues to be successful, demonstrating that surface enrichment
of surface oxide material is not confined to areas of more
pronounced topographic relief, like the North Sector of the Luanga
Deposit. Initially, the Central Sector, with its flatter terrain,
was thought to have less potential for supergene enrichment and/or
extensive lateral dispersion due to its lower topographic relief.
However, this is now proven not to be the case as results from a
further seven adjacent trenches (Figure 1) continue to demonstrate
in the core of the Central Sector. Further, the highest grades in
the oxides appear to correlate with the up-dip projection of the
Main Sulphide Zone (Figure 3).
Recent results continue to confirm the presence of supergene
enrichment in the saprolite zone (above the base of oxidation),
encountering grades that are generally higher than MRE average
grades for oxide mineralization, and higher than grades reported in
drilling intersections directly below the trenches (Figure 2).
These new trench results support results reported previously for
the first seven trenches at the Central Sector (see April 15th 2024). Like previous
Central Sector trenching, results again show significantly greater
dispersion as compared to the mineralized thicknesses encountered
in drilling below the trenches.
Trenches shown in Figure 1 cover the central part of the Central
Sector. Trenching continues in the Central Sector, progressing
towards the Southwest Sector. Figure 4 shows the location of
trenches reported in this press release.
Figure 2 (Section 1) demonstrates the extent of surface oxide
mineralization, in comparison to the thickness
of mineralization intersected by drilling in the primary
(fresh rock) zone below the trench. This "mushrooming" of oxide
mineralization in the supergene zone demonstrates the potential for
increased volumes of oxide mineralization as compared to prior
estimates, assuming similar cut-off grades.
Trenching is continuing to cover the entire 8.1km strike length
of the Luanga deposit, with work close to completion in the
Central Sector, which will leave only the Southwest Sector and a
small portion of the North Sector to complete the trenching
program.
Figure 3 also shows a plan view of trench results reported in
this press release, together with their geological mapping and
interpretation. This work provides a consistent surface plan of
mineralization which, when combined with the drill sections below,
creates a far more accurate 3D of both geology and mineralization.
This detail is expected to enhance the accuracy and reliability of
future MRE's and 3D geological models.
The same sampling, assay laboratory procedures and QAQC
protocols as applied to drill core sampling are applied to trench
samples.
Drill Results Status Update
A total of 315 drill holes have been completed by
Bravo to date, for 67,168 metres, including 8 metallurgical holes
(not subject to routine assaying). Results have been reported
for 267 Bravo drill holes to date. Assay results for 40
Bravo drill holes that have been completed are currently
outstanding (excluding the metallurgical holes).
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
|
TRC24LU001
|
45.60
|
85.20
|
39.60
|
3.06
|
1.93
|
0.22
|
0.20
|
5.41
|
Ox
|
122.50
|
184.80
|
62.30
|
0.29
|
0.48
|
0.03
|
0.01
|
0.81
|
Ox
|
TRC24LU007
|
113.15
|
165.15
|
52.00
|
1.29
|
0.71
|
0.17
|
0.07
|
2.23
|
Ox
|
176.05
|
247.00
|
70.95
|
0.23
|
0.37
|
0.04
|
0.01
|
0.64
|
Ox
|
271.00
|
284.20
|
13.20
|
0.17
|
0.36
|
0.01
|
0.03
|
0.57
|
Ox
|
TRC24LU008
|
66.60
|
117.85
|
51.25
|
1.72
|
1.09
|
0.21
|
0.10
|
3.12
|
Ox
|
158.00
|
163.15
|
5.15
|
0.12
|
0.41
|
0.07
|
0.00
|
0.60
|
Ox
|
167.15
|
192.15
|
25.00
|
0.16
|
0.47
|
0.10
|
0.01
|
0.73
|
Ox
|
TRC24LU026
|
13.70
|
16.70
|
3.00
|
0.90
|
0.36
|
0.01
|
0.19
|
1.46
|
Ox
|
187.40
|
232.50
|
45.10
|
0.30
|
0.76
|
0.11
|
0.01
|
1.18
|
Ox
|
TRC24LU027A
|
16.85
|
18.85
|
2.00
|
1.13
|
1.14
|
0.07
|
0.05
|
2.39
|
Ox
|
31.55
|
77.65
|
46.10
|
0.33
|
0.15
|
0.01
|
0.06
|
0.54
|
Ox
|
TRC24LU027B
|
0.00
|
44.00
|
44.00
|
1.39
|
0.63
|
0.11
|
0.03
|
2.14
|
Ox
|
59.90
|
97.90
|
38.00
|
0.42
|
0.31
|
0.03
|
0.02
|
0.77
|
Ox
|
TRC24LU028
|
46.30
|
62.70
|
16.40
|
0.61
|
0.34
|
0.00
|
0.04
|
1.00
|
Ox
|
124.10
|
136.60
|
12.50
|
0.39
|
0.25
|
0.04
|
0.03
|
0.71
|
Ox
|
149.60
|
203.00
|
53.40
|
0.89
|
0.40
|
0.05
|
0.01
|
1.35
|
Ox
|
239.40
|
321.40
|
82.00
|
0.21
|
0.31
|
0.01
|
0.01
|
0.53
|
Ox
|
TRC24LU029
|
34.70
|
73.95
|
39.25
|
0.65
|
0.29
|
0.00
|
0.01
|
1.00
|
Ox
|
139.15
|
172.95
|
33.80
|
0.64
|
0.28
|
0.04
|
0.02
|
0.98
|
Ox
|
200.15
|
290.85
|
90.70
|
0.33
|
0.28
|
0.01
|
0.01
|
0.63
|
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.
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 project is also prospective for
copper-gold+/-nickel discoveries, as seen by recent drill
intercepts in initial testing of geophysical targets outside of the
main Luanga PGM+Au+Ni deposit (see news releases dated May 28, 2024 and June 10,
2024).
The Luanga Project is situated on mature freehold farming land
and benefits from being in a location close to operating mines and
a mining-experienced workforce, 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
and trenching program is well advanced for 2024. Bravo's current
Environmental, Social and Governance activities includes planting
more than 30,000 high-value trees in the project area and
surrounding communities, 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:
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
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 "extends", "excellent",
"higher", "greater", "increase", "encouraging", "trend",
"enrichment", "outperform", "improve", "high-grade", "prospective",
"better", "successful", "extensive", "significantly", "greater",
"potential", "increased", "enhance", 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 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 thereafter; the potential future economics of the
saprolite material, including the recoverability of PGMs and Au
therein; the results of planned additional trenching; the potential
for discoveries of Cu+Au+/-Ni mineralization outside of the main
Luanga PGM+Au+Ni deposit, the potential tonnes, grade and
commercial viability of such, and the results of continuing
exploration of geophysical targets; 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 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.
Schedule 1: Drill Hole Collar Details
HOLE-ID
|
Company
|
East
(m)
|
North
(m)
|
RL
(m)
|
Datum
|
Depth
(m)
|
Azimuth
|
Dip
|
Sector
|
TRC24LU001
|
Bravo
|
659028.185
|
9341003.328
|
241.494
|
SIRGAS2000_UTM_22S
|
226.80
|
330.00
|
0.00
|
Central
|
TRC24LU007
|
Bravo
|
659143.711
|
9341000.943
|
243.001
|
SIRGAS2000_UTM_22S
|
284.20
|
330.00
|
0.00
|
Central
|
TRC24LU008
|
Bravo
|
659196.555
|
9341116.940
|
227.050
|
SIRGAS2000_UTM_22S
|
221.35
|
330.00
|
0.00
|
Central
|
TRC24LU026
|
Bravo
|
658924.640
|
9340885.370
|
255.150
|
SIRGAS2000_UTM_22S
|
326.90
|
330.00
|
0.00
|
Central
|
TRC24LU027A
|
Bravo
|
658819.286
|
9340860.187
|
244.319
|
SIRGAS2000_UTM_22S
|
90.75
|
330.00
|
0.00
|
Central
|
TRC24LU027B
|
Bravo
|
658754.052
|
9340972.798
|
229.766
|
SIRGAS2000_UTM_22S
|
97.90
|
330.00
|
0.00
|
Central
|
TRC24LU028
|
Bravo
|
658757.330
|
9340779.860
|
251.650
|
SIRGAS2000_UTM_22S
|
332.30
|
330.00
|
0.00
|
Central
|
TRC24LU029
|
Bravo
|
658667.461
|
9340730.460
|
262.254
|
SIRGAS2000_UTM_22S
|
333.15
|
330.00
|
0.00
|
Central
|
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection,
processing, and delivery to the SGS Geosol laboratory in
Parauapebas, state of Pará, 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 Parauapebas SGS Geosol 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
|
For All
Elements
|
Pt, Pd,
Au
|
Rh
|
PRPCLI (85% at
200#)
|
FAI515
|
FAI30V
|
SOURCE Bravo Mining Corp.