Bravo Mining (BRVO.V) reported Wednesday that it has received assay results from seven trenches in the North Sector at its 100% owned Luanga deposit, located in the Carajas Mineral Province, Para State, Brazil.

In a statement, the company said highlights from the palladium, platinum, rhodium, gold and nickel deposit include 151 metres at 3.6 g/t PGM+Au (plus 0.16% Cu), including 43m at 8.3 g/t PGM+Au (plus 0.21% Cu), as well as 78m at 3.0 g/t PGM+Au, including 17m at 7.1 g/t PGM+Au.

Bravo said: "Trenching has identified the presence of anomalous copper associated with elevated gold values in the North Sector of the Luanga Deposit, which is particularly encouraging, as it may point to later-stage Iron Oxide Copper Gold-style mineralization overprinting the PGM mineralization. This emerging copper-gold association supports our broader geological model and aligns with the rationale behind advancing our dedicated copper-gold exploration division, which is now working on an exploration program designed to further define and test Cu-Au targets in 2026," said Luis Azevedo, Chairman and CEO of Bravo.

"At the same time, trenching continues to demonstrate a broader lateral extent of oxide PGM+Au mineralization at surface, including zones with significantly higher grades and particularly elevated gold grades as compared to those previously observed. These consistent results suggest potential to increase the overall volume of oxide mineralization at Luanga. Importantly, the higher-grade zones observed in trenching align with, and in some cases exceed, grades intersected in drill holes at depth in this area."

Shares in BRVO edged lower in Canada yesterday.