Bravo Mining (TSXV:BRVO) Reports Assays from Phase 2 Program, Identifies Potential Mineralization Extension in Luanga Project

Source: Bravo Mining Corp.

Bravo Mining (TSXV:BRVO) has announced assay results from a group of twenty-one diamond drill holes, which includes initial eight from Phase 2 Program aimed at identifying potential extension of the mineralization. The depth of this mineralization has been recorded approximately twice as deep, at 300m below the surface, than was discovered in the company’s Phase 1 Program.

Luis Azevedo, Chairman and CEO of Bravo Mining, commented in a press release: “The Phase 2 drill program is progressing as planned with initial results indicating PGM+Au+Ni mineralization is present as expected from ~150m to ~300m below surface (see Figures 3 and 4) with comparable thicknesses and grades to those intercepted at shallower depths tested during our Phase 1 Program. Drill hole DDH23LU184 has intercepted additional evidence of magmatic nickel sulphide mineralization in the Southwest Sector, further supporting the potential for nickel sulphides at depth at Luanga. We continue to be encouraged with such results, particularly as we await the final data interpretation of the recently completed HeliTEM survey, where preliminarily data interpretation suggests promising anomalies are present.”

Figure 2: Central Sector (~2km strike) plan showing excellent results at depth, including consistently higher nickel assay results. Source: Bravo Mining Corp.

The newly released assay results include those from five drill holes in the Southwest Sector, eleven from the Central Sector, and five from the North Sector of Luanga Project, owned solely by Bravo Mining. These findings corroborate that the mineralization maintains its depth, similar thickness, and grades, as compared to both the company’s Phase 1 drill program and historic drilling in the neighboring sections.

In the Southwest Sector, a new zone of magmatic nickel sulphide mineralization has been identified, with a 3.2m stretch of massive and semi-massive sulphides intercepted in the drill hole labeled DDH23LU184. The assay findings are consistent with the historical outcomes for platinum group metals (PGMs) when juxtaposed with the historic drilling in the nearby sections.

As of now, Bravo Mining has successfully completed a total of 197 drill holes, with 62 carried out in 2023, totalling to a length of 37,645 meters. This includes all eight twin holes and metallurgical holes planned by the company. A total of 169 Bravo drill holes’ results have been declared so far. There are 20 pending results from completed drill holes (excluding metallurgical ones), as per the company’s announcement.

Figure 3: Central Sector (Section 1 on Figure 4) – Continuation of mineralization to depth, now defined to ~300m below surface. Source: Bravo Mining Corp.

Highlights from the results are as follows: 

  • DDH23LU184 returned further evidence of massive sulphide nickel in the Southwest Sector (Figure 1).
  • First results from deeper drilling (Phase 2 Program) in the Central Sector have successfully identified mineralization to depths of up to ~300m below surface (Figures 3 and 4) with similar thicknesses and grades (PGM+Au and Ni Sulphide) as those in shallower Bravo drilling on the same sections.
  • HeliTEM (airborne electromagnetics) was completed over the entire (7.810ha) Luanga project. Preliminary data shows that promising anomalies are present. Final data (expected soon) will enable full interpretation.

HOLE-ID

From

(m)

To

(m)

Thickness
(m)

Pd

(g/t)

Pt

(g/t)

Rh

(g/t)

Au
(g/t)

PGM +
Au (g/t)

Ni* (%)

TYPE

Sector

DDH23LU152

94.8

96.2

1.4

0.22

0.04

0.00

0.02

0.28

1.20

FR

Central

Including

95.5

96.2

0.7

0.30

0.06

0.00

0.02

0.39

1.92

FR

And

140.0

152.0

12.0

0.81

0.54

0.07

0.05

1.46

0.15

FR

DDH23LU154

45.9

90.9

45.0

0.50

0.41

0.03

0.02

0.96

0.16

FR

Central

DDH23LU155

256.9

263.6

6.7

1.06

0.28

0.02

0.01

1.37

0.26

FR

North

Including

258.7

259.5

0.9

3.28

0.46

0.01

0.01

3.76

1.15

FR

DDH23LU156

119.0

138.0

19.0

0.77

0.49

0.07

0.02

1.35

0.16

FR

Central

DDH23LU157

5.6

18.4

12.8

0.79

0.38

0.03

0.21

1.42

NA

Ox

Central

DDH23LU158

165.2

174.2

9.0

1.76

1.68

0.03

0.03

3.49

0.08

FR

North

DDH23LU162

246.8

289.8

43.0

1.70

0.52

0.08

0.05

2.34

0.29

FR

Southwest

DDH23LU165

196.3

206.3

10.0

1.17

0.44

0.02

0.22

1.84

0.26

FR

Central

DDH23LU166

271.4

282.4

11.0

2.92

1.47

0.22

0.42

5.02

0.27

FR

Central

DDH23LU167

209.7

251.7

42.0

0.77

0.24

0.04

0.01

1.05

0.16

FR

Central

DDH23LU168

260.7

275.0

14.3

2.12

0.96

0.15

0.05

3.28

0.13

FR

Central

DDH23LU169

162.7

181.7

19.0

1.07

0.54

0.06

0.03

1.70

0.13

FR

Central

DDH23LU170

249.0

288.0

39.0

0.60

0.34

0.05

0.02

1.01

0.10

FR

Central

DDH23LU184

59.1

62.3

3.2

1.54

0.55

0.59

0.19

2.86

1.81

FR

Southwest

Notes:   

All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.

Given the orientation of the hole and the mineralization, the intercepts are estimated to 110% to 120% of true thickness.

Type: Ox = Oxide. LS = Low Sulphur. 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.

Complete Table of Recent Intercepts.

HOLE-ID

From
(m)

To
(m)

Thickness
(m)

Pd
(g/t)

Pt
(g/t)

Rh
(g/t)

Au
(g/t)

PGM + Au
(g/t)

Ni* (%)
Sulphide

Cu (%)
Sulphide

TYPE

DDH23LU139

123.9

124.9

1.0

0.88

0.29

0.00

0.11

1.28

0.10

FR

And

168.9

170.9

2.0

0.46

0.16

0.00

0.09

0.72

0.14

FR

And

185.3

187.3

2.0

0.27

0.15

0.00

0.04

0.47

0.10

FR

And

193.3

194.3

1.0

0.58

0.24

0.00

0.17

0.99

0.17

FR

And

216.8

220.8

4.0

0.57

0.21

0.00

0.08

0.86

0.18

FR

And

236.8

239.8

3.0

0.21

0.08

0.00

0.06

0.35

0.09

FR

And

253.9

257.5

3.6

0.84

0.28

0.03

0.12

1.28

0.24

FR

And

288.0

290.0

2.0

0.23

0.08

0.08

0.00

0.39

0.26

FR

And

301.3

302.3

1.0

1.90

0.40

0.15

0.01

2.47

0.76

FR

And

319.0

325.0

6.0

0.44

0.18

0.05

0.01

0.68

0.20

FR

DDH23LU150

0.0

2.0

2.0

0.23

0.09

0.00

0.03

0.34

NA

Ox

And

32.0

38.0

6.0

0.25

0.10

0.01

0.01

0.38

0.31

FR

And

44.0

46.0

2.0

0.33

0.13

0.00

0.02

0.48

0.12

FR

And

63.9

68.9

5.0

0.23

0.09

0.01

0.02

0.35

0.12

FR

And

79.9

82.0

2.1

0.38

0.18

0.01

0.01

0.58

0.07

FR

And

84.0

87.0

3.0

0.49

0.28

0.01

0.01

0.79

0.08

FR

Including

84.0

85.0

1.0

0.75

0.37

0.00

0.02

1.14

0.08

FR

And

93.0

98.1

5.1

0.39

0.27

0.03

0.01

0.71

0.03

FR

Including

94.0

95.0

1.0

1.34

0.63

0.10

0.04

2.10

0.12

FR

DDH23LU151

0.0

5.2

5.2

0.23

0.12

0.00

0.02

0.38

NA

Ox

And

20.7

22.7

2.0

0.58

0.20

0.00

0.02

0.81

0.30

FR

And

58.6

60.6

2.0

6.52

3.45

0.48

0.09

10.54

0.06

FR

Including

58.6

59.6

1.0

8.62

4.59

0.57

0.14

13.93

0.06

FR

And

64.6

66.6

2.0

0.40

0.20

0.01

0.00

0.61

0.06

FR

DDH23LU152

94.8

96.2

1.4

0.22

0.04

0.00

0.02

0.28

1.20

FR

Including

95.5

96.2

0.7

0.30

0.06

0.00

0.02

0.39

1.92

FR

And

104.2

106.2

2.0

0.36

0.22

0.00

0.02

0.60

0.17

FR

And

114.2

116.2

2.0

0.28

0.16

0.00

0.05

0.49

0.15

FR

And

118.2

125.2

7.0

0.24

0.15

0.02

0.03

0.44

0.12

FR

And

131.0

138.0

7.0

0.56

0.34

0.03

0.21

1.13

0.16

FR

And

140.0

152.0

12.0

0.81

0.54

0.07

0.05

1.46

0.15

FR

Including

145.0

146.0

1.0

2.37

1.62

0.35

0.09

4.43

0.29

FR

And

157.0

161.0

4.0

0.26

0.13

0.01

0.01

0.41

0.06

FR

DDH23LU153

47.3

52.3

5.0

0.14

0.36

0.00

0.01

0.52

0.22

FR

And

100.3

107.3

7.0

0.19

0.14

0.02

0.01

0.36

0.03

FR

DDH23LU154

0.0

2.7

2.7

0.26

0.14

0.01

0.04

0.44

NA

Ox

And

21.2

23.2

2.0

0.28

0.59

0.00

0.08

0.94

0.20

FR

And

45.9

90.9

45.0

0.50

0.41

0.03

0.02

0.96

0.16

FR

Including

65.9

76.9

11.0

0.75

0.52

0.06

0.01

1.34

0.27

FR

And

95.9

115.9

20.0

0.29

0.42

0.05

0.01

0.77

0.02

FR

Including

106.9

107.9

1.0

1.66

4.53

0.61

0.03

6.84

0.02

FR

DDH23LU155

0.0

7.0

7.0

0.15

0.15

0.01

0.00

0.32

NA

Ox

And

155.5

160.5

5.0

0.19

0.16

0.02

0.00

0.38

0.03

FR

And

172.5

177.5

5.0

0.16

0.12

0.02

0.00

0.30

0.14

FR

And

182.5

183.5

1.0

0.88

0.17

0.04

0.04

1.12

0.08

FR

And

193.5

196.5

3.0

0.33

0.13

0.02

0.02

0.49

0.16

FR

And

209.0

209.8

0.9

0.68

0.09

0.09

0.02

0.88

0.67

FR

And

217.8

228.8

11.0

0.39

0.11

0.02

0.01

0.54

0.10

FR

And

236.8

240.8

4.0

0.35

0.09

0.01

0.00

0.46

0.12

FR

And

244.8

248.8

4.0

0.71

0.22

0.06

0.00

0.99

0.10

FR

And

251.8

254.8

3.0

0.22

0.22

0.01

0.00

0.46

0.06

FR

And

256.9

263.6

6.7

1.06

0.28

0.02

0.01

1.37

0.26

FR

Including

258.7

259.5

0.9

3.28

0.46

0.01

0.01

3.76

1.15

FR

And

267.6

270.4

2.7

0.29

0.15

0.01

0.09

0.54

0.05

FR

DDH23LU156

40.2

42.2

2.0

0.22

0.09

0.01

0.01

0.33

0.19

Ox/LS

And

75.0

77.0

2.0

0.19

0.11

0.01

0.10

0.41

0.05

FR

And

92.5

98.0

5.6

0.22

0.13

0.00

0.05

0.40

0.06

FR

And

113.0

119.0

6.0

0.31

0.19

0.01

0.01

0.53

0.13

FR

And

119.0

138.0

19.0

0.77

0.49

0.07

0.02

1.35

0.16

FR

And

142.0

154.0

12.0

0.41

0.22

0.01

0.02

0.66

0.04

FR

Including

143.0

145.0

2.0

0.64

0.29

0.02

0.11

1.05

0.09

FR

DDH23LU157

0.0

2.6

2.6

0.43

0.26

0.01

0.06

0.76

NA

Ox

And

5.6

18.4

12.8

0.79

0.38

0.03

0.21

1.42

NA

Ox

And

27.4

40.0

12.6

0.37

0.24

0.01

0.02

0.64

0.04

Ox/LS

And

42.0

53.0

11.0

0.66

0.34

0.04

0.01

1.06

0.04

FR

And

64.0

66.7

2.7

0.10

0.32

0.07

0.00

0.49

0.01

FR

DDH23LU158

97.2

101.2

4.0

0.44

0.39

0.00

0.01

0.84

0.05

FR

And

110.2

113.2

3.0

1.54

1.35

0.11

0.01

3.01

0.11

FR

And

118.2

121.2

3.0

0.27

0.13

0.01

0.05

0.46

0.11

FR

And

165.2

174.2

9.0

1.76

1.68

0.03

0.03

3.49

0.08

FR

Including

167.2

169.2

2.0

4.42

5.23

0.03

0.06

9.75

0.18

FR

And

201.6

204.4

2.9

0.86

0.35

0.01

0.02

1.24

0.39

FR

DDH23LU159

66.8

68.8

2.0

0.29

0.33

0.04

0.00

0.67

0.04

FR

And

106.5

115.2

8.7

0.08

0.07

0.01

0.14

0.31

0.10

FR

And

204.4

209.3

4.8

0.26

0.19

0.01

0.00

0.46

0.18

FR

Including

204.4

205.3

0.9

0.85

0.20

0.06

0.01

1.12

0.56

FR

DDH23LU160

15.8

22.8

7.0

0.49

0.15

0.14

0.05

0.83

NA

Ox

Including

15.8

17.8

2.0

0.92

0.26

0.26

0.08

1.53

NA

Ox

And

60.3

65.4

5.1

0.76

0.33

0.01

0.09

1.18

0.05

FR

DDH23LU161

0.0

3.5

3.5

0.25

0.34

0.03

0.03

0.64

NA

Ox

And

33.5

34.4

0.9

0.79

0.64

0.11

0.01

1.55

NA

Ox/LS

And

86.1

94.1

8.0

0.29

0.23

0.02

0.01

0.55

0.15

FR

And

103.1

112.1

9.0

0.65

0.69

0.12

0.01

1.46

0.09

FR

And

120.1

132.4

12.3

0.33

0.25

0.03

0.01

0.62

0.05

FR

Including

121.1

125.1

4.0

0.58

0.45

0.06

0.03

1.12

0.04

FR

And

137.0

138.0

1.1

1.15

3.00

0.07

0.02

4.24

0.54

FR

DDH23LU162

111.1

115.0

3.9

0.84

0.36

0.05

0.21

1.45

0.22

FR

And

197.9

199.9

2.0

0.63

0.19

0.04

0.07

0.93

0.21

FR

And

213.9

215.9

2.0

0.47

0.14

0.08

0.10

0.78

0.23

FR

And

221.9

222.8

1.0

1.40

0.25

0.08

0.17

1.89

0.29

FR

And

225.8

229.8

4.0

0.24

0.07

0.01

0.03

0.35

0.11

FR

And

246.8

289.8

43.0

1.70

0.52

0.08

0.05

2.34

0.29

FR

Including

270.8

274.8

4.0

2.41

0.71

0.13

0.14

3.40

0.44

FR

And

293.8

322.8

29.0

0.36

0.26

0.00

0.01

0.63

0.02

FR

DDH23LU165

99.4

100.4

1.0

5.87

2.50

0.08

0.14

8.59

0.77

FR

And

183.4

184.4

1.0

1.03

0.58

0.01

0.02

1.65

0.09

FR

And

196.3

206.3

10.0

1.17

0.44

0.02

0.22

1.84

0.26

FR

Including

200.4

204.6

4.2

1.77

0.70

0.02

0.39

2.87

0.29

FR

And

208.5

212.7

4.2

0.32

0.16

0.00

0.09

0.57

0.06

FR

And

315.6

317.6

2.0

0.20

0.13

0.00

0.00

0.33

0.03

FR

DDH23LU166

92.0

93.0

1.0

1.12

0.45

0.00

0.43

2.00

0.13

FR

And

160.5

165.5

5.0

2.53

0.70

0.14

0.09

3.45

0.19

FR

Including

160.5

161.5

1.0

7.75

1.90

0.67

0.14

10.46

0.14

FR

And

172.5

173.5

1.0

0.86

0.31

0.00

0.03

1.20

0.13

FR

And

267.4

270.4

3.0

0.41

0.24

0.01

0.10

0.77

0.09

FR

And

271.4

282.4

11.0

2.92

1.47

0.22

0.42

5.02

0.27

FR

Including

277.4

281.4

4.0

4.31

2.17

0.31

0.42

7.21

0.36

FR

And

285.4

286.4

1.0

1.18

0.67

0.07

0.03

1.96

0.05

FR

DDH23LU167

41.6

44.8

3.2

0.20

0.07

0.00

0.05

0.32

0.06

FR

And

209.7

251.7

42.0

0.77

0.24

0.04

0.01

1.05

0.16

FR

Including

249.7

251.7

2.0

2.27

0.64

0.13

0.02

3.06

0.17

FR

And

265.7

277.7

12.0

0.12

0.21

0.00

0.00

0.33

0.01

FR

DDH23LU168

77.6

78.6

1.0

0.61

0.50

0.00

0.12

1.23

0.08

FR

And

155.3

158.3

3.0

0.78

0.39

0.00

0.15

1.33

0.16

FR

And

253.7

254.7

1.0

2.44

0.19

0.13

0.12

2.87

0.20

FR

And

260.7

275.0

14.3

2.12

0.96

0.15

0.05

3.28

0.13

FR

Including

270.9

274.0

3.1

4.89

2.15

0.33

0.05

7.43

0.17

FR

DDH23LU169

26.0

34.1

8.1

0.28

0.12

0.00

0.06

0.46

NA

Ox/LS

And

38.0

42.0

4.0

0.38

0.15

0.02

0.07

0.61

0.13

FR

And

145.7

150.7

5.0

0.21

0.12

0.00

0.01

0.35

0.17

FR

And

158.7

160.7

2.0

0.26

0.17

0.01

0.02

0.47

0.05

FR

And

162.7

181.7

19.0

1.07

0.54

0.06

0.03

1.70

0.13

FR

And

189.7

198.7

9.0

0.92

0.37

0.07

0.02

1.37

0.06

FR

And

224.7

227.7

3.0

0.19

0.46

0.00

0.01

0.65

0.01

FR

DDH23LU170

116.4

119.4

3.0

0.43

0.17

0.00

0.09

0.69

0.02

FR

And

190.6

192.6

2.0

0.69

0.36

0.04

0.15

1.24

0.13

FR

And

220.0

232.0

12.0

0.20

0.10

0.01

0.10

0.41

0.09

FR

And

240.0

244.0

4.0

0.20

0.09

0.00

0.01

0.31

0.20

FR

And

249.0

288.0

39.0

0.60

0.34

0.05

0.02

1.01

0.10

FR

Including

254.0

255.0

1.0

3.25

1.84

0.31

0.08

5.48

0.20

FR

And

290.0

294.0

4.0

0.16

0.14

0.02

0.04

0.37

0.03

FR

DDH23LU184

59.1

62.3

3.2

1.54

0.55

0.59

0.19

2.86

1.81

0.18

FR

Notes: 

All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole. ‘NA’ Not applicable for Oxide material.

Given the orientation of the hole and the mineralization, the intercepts are estimated to 110% to 120% of true thickness.

Type: Ox = Oxide. LS = Low Sulphur. 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

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Adex Mining Inc. ADE.V +100.00%
 Eden Energy Ltd EDE.AX +100.00%
 Ironbark Zinc Ltd. IBG.AX +50.00%
 Casa Minerals Inc. CASA.V +30.00%
 Red Rock Resources RRR.L +28.57%
 Highway 50 Gold Corp. HWY.V +26.32%
 Pelangio Exploration Inc. PX.V +25.00%
 Plato Gold Corp. PGC.V +25.00%
 Poseidon Nickel Limited POS.AX +25.00%
 Greenlight Resources Inc GR.V +23.08%