08:13 AM EDT, 09/09/2025 (MT Newswires) -- Bravo Mining ( BRVMF ) , which rose 3.3% Monday, reported Tuesday recent drilling results at its 100%-owned Luanga project in the Carajas Mineral Province of Para State, Brazil.

The company said drilling at the T5 prospect confirmed up-dip extensions of copper-gold mineralization, with intercepts including 6.2 meters at 2.07% copper and 0.48 grams per tonne (g/t) gold, 6.65 meters at 2.57% copper and 0.55 g/t gold, and 2.91 meters at 6.01% copper and 0.43 g/t gold. Bravo said the results support a "structurally controlled IOCG-style system." A 3D geological and structural model is being developed to guide follow-up drilling.

At the T16 target, outside the Luanga deposit, scout drilling in 2025 comprised five holes totaling 761 meters.

Bravo also pointed to drilling and borehole EM surveys underway at the Babylon nickel-copper target, which lies below the Luanga PGM deposit and is associated with a magnetic anomaly, strong EM conductor, and gravity high.

"The 2025 program has, so far, confirmed extensions to the copper-gold mineralization at T5, returned encouraging results in scout drilling at T16 and T17, and we are now expanding our focus to new targets such as Babylon, which encompasses a large magnetic signature," said Bravo Mining ( BRVMF ) chief executive Luis Azevedo.

"Further, with the recently reprocessed geophysical datasets, we are also investigating the potential for deep extensions to Luanga's PGM+Au+Ni mineralization, while refining drill targeting across the IOCG and magmatic Ni-Cu prospects to test these targets at depth.

"In parallel, we are continuing to advance metallurgical optimization work and other economic studies on the PGM+Au+Ni deposit throughout the year, which will support the completion of a Pre-Feasibility Study," said Azevedo.

Shares of the company closed up $0.10 to $3.06 on Monday on the TSX Venture Exchange.