Bravo's Luanga PGM+Au+Ni Deposit Continues to Deliver Significant Mineralized Grades & Thicknesses

Highlights include 21m at 9.34g/t PGM+Au, 116m at 1.59g/t PGM+Au,
5m at 16.40g/t PGM+Au, and 42m at 2.41g/t PGM+Au, 0.12% Ni

VANCOUVER, BC, Nov. 5, 2024 /CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") received assay results from twenty-five diamond drill holes ("DDH") from its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, state of Pará, Brazil.

"Today's drilling results mark another step forward as Bravo progresses towards completing the 2024 PGM definition drilling program to support future MRE updates. These results continue to intercept high grades over thick intersections, including those in the Oxide and Low Sulphide zones that have high platinum to palladium ratios.", said Luis Azevedo, Chairman and CEO. "The Luanga Project's consistent delivery of robust results and advancements across various potential development tracks solidify its position as a leading candidate to become a major new Western supplier of these essential metals through market cycles and away from sources affected by geopolitical risks and deep operational challenges. The Project's potential benefits from the substantial infrastructure of the Carajás District, including cost-effective hydro power as well as ready access to power lines, highways, rail, water, labour, and suppliers."

Highlights Include:

• Infill and extensional drilling in the Central Sector continue to reveal improved mineralized grades and thicknesses as compared to previous 100m spaced sections.
• Much of the mineralization intersected in the new drilling lies within 150m of surface and remains open for further extension to depth.
• Drilling in the North Sector of the Luanga deposit continues to demonstrate high-grade supergene mineralization in the oxide zone (e.g. 21m at 9.34g/t PGM+Au in DDH24LU264) and wide zones of mineralization in the fresh rock (e.g. 116m at 1.59g/t PGM+Au in DDH24LU266).
• Drilling at T5 target continues to extend mineralization eastward. Testing of the Bore Hole Electromagnetic ("BHEM") anomaly at T1 will commence soon, as well as drill testing of a new copper/gold target west of T5.

Luanga Drilling Update

Results from twenty-five diamond drill holes have been received, eight from the North Sector and seventeen from the Central Sector of the Luanga PGM+Au+Ni deposit. All the drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 090° in the North Sector and 330° in the Central sector. Together, this set of drill holes comprise a total of 4,994.6 metres of diamond drilling.

Section 1 (Figure 1) in the Central Sector shows an infill section, with DDH24LU282 being the deepest drill hole on the section, exhibiting a wide zone of mineralization, open at depth, within 150m from surface, and consistently increasing in grade from DDH23LU230 to DDH24LU237 to DDH24LU282. These results continue to support the mineralization defined on Bravo's earlier 100m spaced sections. This work continues to bode well for potential future project studies.

Section 2 (Figure 2) shows infill hole DDH24LU280, in the Central Sector, aimed at increasing classification confidence in the next MRE update. Drilling also shows mineralized grades and thicknesses that are similar to, or better than, drilling from earlier Bravo phases on either side of this drill hole (DDH23LU058 and DDH23LU136). Trenching (TRC24LU031A/B) on this section also demonstrates the more significant volume of near surface oxide mineralization (due to dispersion) compared to more discrete thicknesses intersected by drilling in the fresh rock below. These results will support future Mineral Resource Estimate ("MRE") updates.

Section 3 (Figure 3) is an infill section in the Central Sector. Drilling (DDH24LU275, and DDH22LU059) also shows clear evidence of better mineralized grades and thicknesses compared to historic drilling (PPT-LUAN-FD0121) between the Bravo drill holes, again with mineralization defined to date less to ~150m from surface and still open at depth.

HeliTEM (Helicopter borne EM) and Copper/Gold Exploration Update

Exploration is progressing on both BHEM targets and HeliTEM targets. Drilling continues at T5, the previously reported massive sulphide Cu-Ni discovery (see news release dated May 28, 2024), expanding mineralization to the east. Drilling to follow up BHEM at T1 will commence soon, along with drill testing of a new copper target located west of T5.

Drill Results Status Update

A total of 338 drill holes have been completed by Bravo to date, for 72,006 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 297 Bravo drill holes to date. Assay results for 33 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of 42 trenches have been completed to date (for 8,317 metres), with results for 37 trenches reported and results for 5 trenches pending.

Complete Table of Recent Intercepts.

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and clean renewable hydro grid power. A fully funded +70,000 infill, step out and exploration drilling and trenching program is well advanced for 2024. Bravo's current Environmental, Social and Governance activities includes planting more than 30,000 high-value trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical Disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.

For further information about Bravo, please visit www.bravomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "continues", "significant", "critical", "undoubtedly", "robust", "potential", "solidify", "essential", "substantial", "improved", "further extension", "high-grade", "consistently increasing", "better", "wide", "bode well", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth; the impact of current and future drilling on future mineral resource estimates, after taking into account other modifying factors; whether or not the mineralization is amenable to open pit mining and, if so, to what extent; potential economic outcomes, including strip ratios, in future economic studies; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.

Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

SOURCE Bravo Mining Corp.