01:56 PM EDT, 03/13/2024 (MT Newswires) -- Bravo Mining Corp. ( BRVMF ) on Wednesday highlighted assay results from eight diamond drill holes, five from the North Sector and three from the Southwest Sector at the Luanga palladium + platinum + rhodium + gold + nickel project, located in the Carajas Mineral Province, in the state of Para, Brazil.

Drilling in the North Sector continues to improve in grade and thickness as compared with the previously reported drilling and/or drilling on adjacent drill sections. From DDH24LU235 on Section 1, the company reported 58.3 meters at 3.88 grams per ton of PGM+Au, 0.12% Ni, including 15 meters at 6.41 grams per ton of PGM+Au, 0.11% Ni; and 45.7 meters at 3.60 grams per ton of PGM+Au, 0.08% Ni, including 13.7 meters at 8.47 grams per ton of PGM+Au, 0.13% Ni.

Shallow mineralization in the North Sector is currently being defined at depths of +/-100 meters and remains open down dip.

The North Sector has "significant" potential below 100 meters from surface, given that the Central Sector extends to depths of more than 400 meters, which also supports a significant opportunity for MRE growth at shallower depths, the company said.

The company's shares fell 3.2% on last look on Wednesday.

Price: 1.50, Change: -0.05, Percent Change: -3.23