07:19 AM EDT, 07/29/2024 (MT Newswires) -- Bravo Mining ( BRVMF ) , which rose more than 7% last Friday, on Monday received assay results from fifteen diamond drill holes (DDH) from the North Sector at its Luanga palladium + platinum + rhodium + gold + nickel deposit, located in the Carajas Mineral Province, state of Para, Brazil.

"The numerous thick high-grade drill intercepts from the North Sector of the Luanga deposit has significantly enhanced the resource potential in this area, thus establishing a second centre of gravity for the Luanga deposit," Luis Azevedo, chairman and CEO said in a statement.

"In the Luanga deposit mineral resource estimate, the Central Sector was seen to host a large proportion of the mineral resources, largely due to the concentration of historical holes and Bravo drilling. In contrast, the North Sector had only seen limited drilling at the time of the MRE. However, Bravo's recent drilling, has consistently intercepted thicker zones of higher-grade mineralization within 150m of surface," added Azevedo.