- Bravo Mining (BRVO) has intersected massive sulphide and semi-massive sulphide mineralization
- The discovery comes at the Vancouver-based exploration company’s Luanga Project located in the Carajás Mineral Province in the state of Pará, Brazil
- Geologists observed a drill core that is interpreted to contain pyrrhotite, pentlandite and chalcopyrite
- This style of sulphide mineralization, in these concentrations, has not previously been observed at the platinum group metals project
- Bravo Mining is up 3.09 percent, trading at $1.67 at 11:02 am ET
Bravo Mining (BRVO) has intersected massive sulphide and semi-massive sulphide mineralization at the company’s Luanga Project.
The Luanga Project located in the Carajás Mineral Province in the state of Pará, Brazil.
Results are from a diamond drill hole on the project.
Geologists observed a drill core that is interpreted to contain pyrrhotite, pentlandite (a primary nickel sulphide mineral) and chalcopyrite (a primary copper sulphide mineral).
This style of sulphide mineralization, in these concentrations, has not previously been observed at the Luanga platinum group metals project.
Primary copper mineralization has previously only been observed in trace amounts at Luanga.
“Intersecting this style of massive sulphide mineralization for what we believe to be the first time at Luanga is a potentially material development,” said Chairman and CEO Luis Azevedo.
“The drill hole has already been cased with PVC for planned downhole electromagnetic survey (DHTEM), and we will shortly be commencing a detailed ground gravity survey. Both geophysical techniques could help guide follow-up drill holes. We believe that further discovery potential exists at Luanga, particularly regarding prospective zones below the PGM mineralization and the geophysics could help direct that work.”
Diamond drilling continues as planned at Luanga. With six drill rigs on site, drilling is now in progress in various locations along the entire 7-kilometre strike length of the project, including to the north where the latest and final surface access agreements were recently signed.
Phase 1 drilling is designed to confirm, infill and step out from the previously defined mineralization to increase confidence in the geological model and provide the basis for future mineral resource estimates. Additionally, deeper drilling will target extensions and exploration targets at Luanga.
Bravo Mining is up 3.09 percent, trading at $1.67 at 11:02 am ET.