08:23 AM EDT, 04/15/2024 (MT Newswires) -- Bravo Mining ( BRVMF ) on Monday reported the assay results from seven trenches in the Central Sector of its Luanga palladium-platinum-rhodium-gold-nickel project in Brazil.

Highlights include 115 meters at 1.71 grams per tonne (g/t) platinum group metals plus gold (PGM+Au) and 158 meters at 1.27 g/t PGM+Au, including 36 meters at 2.81 g/t PGM+Au.

"Bravo's trenching program continues to return excellent results that are better than the average oxide grades reported in the existing mineral resource estimate," Chairman and CEO Luis Azevedo said. "The high-grade zones present within these broad intersections also continue to validate or improve the higher grades seen in the drilling below the trench lines, further supporting our interpretation of supergene enrichment."

Bravo said it continues to plan trenching along the entire 8.1-kilometer strike length of the Luanga deposit, with work now progressing through the Central Sector, towards the Southern Sector.

The company's shares fell 3.3% on Friday.