Bravo Mining drills 8.93 g/t PGM+Au over 6 metres at Luanga, Brazil

Bravo Mining Corp. [BRVO-TSXV; BRVMF-OTCQX] has received the overlimit (over one gram per tonne) rhodium (Rh) assay results from drill hole PPT-LUAN-FD0065 at its wholly owned Luanga palladium plus platinum plus rhodium plus gold plus nickel project, located in the Carajas mineral province, state of Para, Brazil.

Preliminary results for PPT-LUAN-FD0065 were announced in the news release dated September 27, 2022, reporting re-assay of samples from historic diamond drill holes (DDH). These results included a 2-metre interval that exceeded the upper limit of one g/t rhodium for the assay methodology used. This sample was re-assayed for rhodium using the applicable methodology for higher rhodium grades and has returned exceptional rhodium values.

“We are highly encouraged that PGM intercepts are proving to not only correlate well with historic results in thickness but can show significant improvements in grade on reassay,” said Luis Azevedo, chairman and CEO.”We are particularly excited by the high rhodium assay results and believe that the Luanga deposit could be a rare example globally due to its concentration of valuable rhodium metal, particularly in some parts of the deposit.”

Highlights include mineralized intercepts from the re-assay of historic drill core continue to correlate with the historic intercepts, including intervals where rhodium assay results were >1.0 g/t Rh.

Highlights from drill hole PPT-LUAN-FD0065, which now include overlimit rhodium re-assays, are tabulated below, with details and comparisons attached.

Hole PPT-LUAN-FD0065 returned 6.0 metres of 0.95 g/t palladium, 6.16 g/t platinum, 1.81 g/t rhodium and 0.01 g/t gold (8.93 g/t PGM+Au), including 2.0 metres of 2.28 g/t palladium, 17.06 g/t platinum, 5.07 g/t rhodium and 0.01 g/t gold (24.42 g/t PGM+Au).

A total of 84 drill holes have been completed for a total of 14,579 metres (or 57% of Phase 1 Drilling Program). Currently, samples from 34 drill holes are at the laboratory pending results with 13,910 samples submitted for assay to date including 2,964 re-assay samples from historic drill core.

The Phase 1 diamond drill program continues as planned at Luanga. Six drill rigs are on site, with drilling progressing in various locations along the entire 7-km strike length of the known Luanga mineralized envelope (as defined by historic drilling).

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 include replanting trees in the project area, hiring and contracting locally, engagement with local communities, and ensuring protection of the environment during its exploration activities.

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