Bravo Mining Corp. announced that it has received assay results from an additional 13 infill diamond drill holes ("DDH") from its Luanga palladium + platinum + rhodium + gold + nickel project ("Luanga" or "Luanga PGM+Au+Ni"), located in the Carajás Mineral Province, state of Pará, Brazil. The Phase 1 diamond drill program is close to completion, with 2,235m remaining before the commencement of the Phase 2 diamond drill program, which will be focused on step out drilling and extending known zones of mineralization at depth.

Phase 2 will also include drill testing geophysical targets from the ongoing ground electromagnetic geophysical program and the planned micro-gravity geophysical program. Drilling for 2023 started after the end of year break, with four drill rigs currently operating on site given the significant backlog of assays and higher drill production rates later in 2022. Results from Luanga's Central Zone continue to show wide high-grade mineralized intersections (including high nickel sulphides) in an area that was previously drilled with shallow holes on wide spaced sections.

All sections remain open at depth, presenting a substantial upside opportunity and an ideal location for planned Phase 2 deeper drill testing. Results from Bravo's drilling continue to show the same as trend noted previously, with results comparing well with, or exceed intercepts in historic drill holes on nearby drill sections, in both tenor and mineralized thickness. Hole DDH22LU044 was collared on an exploration target far from the mineralized horizon.

Hole DDH22LU035 was drilled too far east, starting in footwall rocks below the mineralized zone, before exiting the Luanga complex and intersecting low grade copper mineralisation associated with hydrothermal alteration.