Drilling and Trenching Program Designed to Upgrade and Expand PGM+Au+Ni Mineralization at Luanga
2024 Luanga Plan Highlights
- Drilling Program – 16,000m of infill and drilling designed to upgrade and expand the known mineralization.
- Trenching Program - 11,000m of additional trenching along the entire 8km strike length of the Luanga deposit to more fully define and potentially expand the oxide mineralization.
- Drilling EM Anomalies - 3,000m of drilling allocated to follow up the HeliTEM identified anomalies, including down hole electromagnetic (DHEM) surveys.
- Metallurgy Program – Focused on evaluating downstream processing options toward detailed characterization, flow-sheet design, and optimization.
- Permitting Process – Planned submission of the Environmental Impact Assessment (EIA) and application for the Preliminary Licence (LP) with the Pará
State Environmental Agency .
"In 2024, Bravo plans to continue its successful resource definition and expansion program at Luanga, as well as advancing other aspects of the project in parallel," said
Drilling Program
During 2022-23, Bravo drilled 251 holes for 54,407 metre with the holes aimed at increasing confidence levels and expanding the mineral resources. Combining the drillholes executed in 2023 with those from 2022 and historical data, Bravo's drilling inventory concluded 2023 with 104,242 metres from 503 drillholes, of which 407 drillholes for 82,082 metres were used in the mineral resource estimate ("MRE") announced on
Since the cut-off date for the MRE in
To achieve this objective, Bravo has planned approximately 16,000m of additional drilling in 89 holes, with most of the planned drilling concentrated in the Central and North Sectors. An updated MRE is expected to be reported in the second half of 2024, with a total drilling inventory of approximately 129,500m expected to be used in the calculation of the updated MRE.
Trenching Program
In parallel with the proposed drill program, Bravo plans to continue its successful trenching program along the entire 8.1km strike length of the Luanga deposit to fully define the extent of the oxide mineralization, since results to date (see news releases
Drilling testing of EM Anomalies
Bravo plans to systematically evaluate the nickel sulphide potential at Luanga, using geophysical surveys completed in 2023, as a targeting tool. These surveys included airborne and ground electromagnetics (see news release dated
A total of 3,000m of drilling has been allocated to follow up the identified anomalies, complemented by down hole electromagnetic (DHEM) surveys.
Metallurgy Program
Bravo has completed extensive metallurgical testing of the sulphide and oxide mineralization that supported the MRE's reasonable prospects for eventual economic extraction, results of which were summarized in the Technical Report dated
Additional test work continues to optimize the recoveries and evaluate downstream processing options toward detailed characterization, flow-sheet design, and optimization.
In parallel, tailings design parameters and utilization (carbon capture) will also be advanced to support potential requirements for permitting and enviro-economic considerations and project studies.
Permitting Process
Bravo has now completed the environmental baseline work necessary to support the Environmental Impact Assessment (EIA) submission and Preliminary Licence (LP) application with the Pará
Bravo is a Canadian and
Technical information in this news release has been reviewed and approved by
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "advance", "define", "effective", "expand", "expect", "future results", "continue", "objective", "optimize", "plan", "potential", "proven", "successful", "target", "interpretation", "upgrade", variants of these words and other similar words, phrases, or statements that certain events or conditions "may", "should" or "will" occur. This news release contains forward-looking information pertaining to the results of the ongoing trenching and drilling programs; the interpretation of the results of the drill and trench data, including that the saprolite mineralization is locally supergene enriched, and the impact on future mineral resource estimates thereof; the potential that similar supergene enrichment may be present along the entire strike length of the Luanga deposit and the impact on mineral resource estimates thereafter; the potential for downdip extensions to the mineralization and the impact on future MREs; the potential future economics of the oxide and sulphide mineralization, including the recoverability of PGMs and Au therein; the results of planned additional drilling and trenching; the results and implications of planned metallurgical testing, including downstream progressing and carbon capture; the progress, timing and outcomes of permitting processes; 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, metallurgical testing, permitting, 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 results from trenching reasonably reflect consistent zones of oxide mineralization and that future results from additional trenching will continue to see similar broad distribution of oxides with higher grades that the current MRE; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the
SOURCE
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