Bravo Mining Reports High-Grade Drill Results at Luanga PGM+Au+Ni Deposit
Event summary
- Bravo Mining reported high-grade infill and extensional drill results from the Central Sector and newly tested Crescent Zone at its Luanga PGM+Au+Ni deposit in Brazil.
- Highlights include 70m at 1.9 g/t PGM+Au (plus 0.28% Ni), including 20m at 3.6 g/t PGM+Au (plus 0.40% Ni), and 19m at 3.2 g/t PGM+Au.
- The Crescent Zone intercepted 7.95m at 1.94% Cu (plus 0.6 g/t PGM+Au), warranting further investigation.
- The 2026 drill program aims to expand mineralization and upgrade the confidence of existing Mineral Resource Estimate from Inferred to Indicated categories.
The big picture
Bravo Mining's positive drill results at the Luanga deposit highlight the potential for resource expansion and upgrading, which are critical for advancing the project towards production. The identification of new mineralized zones and high-grade intercepts could significantly enhance the project's economic viability and attractiveness to investors. The company's active exploration in the Carajás Mineral Province positions it as a key player in the region's mining sector.
What we're watching
- Resource Expansion
- Whether the infill drilling will confirm the continuity of the mineralization in the current mineral resource estimate and upgrade resources from the inferred category to the indicated category.
- Exploration Potential
- The potential for fold repetitions of favourable stratigraphy and mineralized horizons in the Crescent Zone, which could support the possibility of multiple PGM+Au mineralized horizons.
- Economic Viability
- The impact of current and future drilling on future mineral resource estimates and potential economic outcomes, including strip ratios, in future economic studies.
Related topics