Luanga's Northern Sector Shows Multiple Stacked Zones Of PGM+Au Mineralization

VANCOUVER - Bravo Mining Corp. has received assay results from twenty-seven diamond drill holes (DDH) concentrated mostly in the Northern Sector of its Luanga palladium + platinum + rhodium + gold + nickel project, located in the Carajás Mineral Province, state of Pará, Brazil.

"The latest results from Luanga's Northern Sector continue to provide excellent results, comparing well with historic drilling on nearby drill sections, in both tenor and mineralized thickness. Results also confirm that rhodium is a significant part of the Luanga project, with unique high-grade levels of rhodium now identified in all three Sectors at Luanga." Drilling in the Northern Sector has not yet made significant progress into the basal ultramafic footwall; however, we still see evidence for increasing levels of magmatic nickel sulphides as drilling approaches the basal position," said Luis Azevedo, Chairman and CEO. "We look forward to starting the Phase 2 program including testing the potential depth extents of Luanga PGM+Au+Ni mineralization combined with testing the potential for magmatic nickel sulphide mineralization at depth."

Highlights Include: Assay results received from drilling in the Northern Sector compare well with intercepts in historic drilling on nearby drill sections both in tenor and mineralized thickness; Mineralization in the Northern Sector of Luanga is typified by multiple stacked zones of PGM+Au mineralization, with magmatic nickel sulphide mineralization appearing to be more prevalent on the footwall (basal) ultramafic side of the system; and Surface geophysical programs have commenced with detailed ground magnetics. Fixed Loop ground electromagnetics (EM) will commence on arrival of the EM crew, while micro-gravity surveying will be completed after the detailed magnetic survey. All geophysical surveys will start in Luanga's Central Sector, where the basal (footwall) harzburgite (ultramafic) sequence is significantly thicker, and nickel potential expected to be better, supported by recent higher-grade nickel intercepts.

A total of 160 drill holes (25 in 2023) have been completed by Bravo to date, for 27,794 meters, including all 8 planned twin holes and all 8 metallurgical holes (not being subject to routine assaying). Results have been reported for 85 Bravo drill holes to date. Excluding the metallurgical holes, results for 48 Bravo drill holes are currently outstanding. Approximately 9 priority drill holes (4 currently in progress) remain to complete the redrill of the historic mineral resource area. Once these holes are completed and results received, preparation of Bravo's maiden mineral resource estimate for Luanga will commence, and drilling will shift to Phase 2.

The Phase 2 program of work will focus on step out and exploration. Extensional drilling has the objective of extending known zones of PGM+Au+Ni mineralization at depth, below the approximate 150m vertical depth previously defined by historic drilling. The Phase 2 program also includes a significant budget allocation for exploration. This work will focus on following up newly identified higher-grade magmatic nickel (± copper) sulphide mineralization types identified within the Luanga footwall (stratigraphically below PGM+Au mineralization), the potential feeder zone(s) to Luanga, and the exploration of new targets outside of the currently defined mineralized trends.