07:37 AM EST, 01/28/2025 (MT Newswires) -- Bravo Mining ( BRVMF ) reported on Tuesday assay results from nine trenches at the Luanga palladium-platinum-rhodium-gold-nickel project in Brazil.

Highlights include 97 meters at 4.86 grams per tonne (g/t) platinum group metals plus gold (PGM+Au), including 24 meters at 14.36 g/t PGM+Au and 123 meters at 2.33 g/t PGM+Au.

"Trenching has consistently shown a greater lateral extent to the oxide PGM+Au mineralization at surface, which includes areas with significantly higher grades," said Luis Azevedo, chairman and CEO of Bravo. "The continued success of trenching results suggests the potential for an increase in the volume of oxide mineralization at Luanga."

"Additionally, the higher-grade zones within these sections align with or enhance the grades observed in the drilling below the trenches, further supporting our interpretation of supergene enrichment," Azevedo added.

The company's share price fell 6.7% on Monday to $2.10 on the TSXV.