Northwire Canada EditionMonday, October 19, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Drill Results Routine +

Bravo Intercepts High-Grade Magmatic Sulphide Ni/Cu-PGM Mineralization

Bravo Mining Confirms High-Grade Ni-Cu-PGM Target at Babylon, Validating Copper-Gold Strategy Amidst Strong Balance Sheet

By The Northwire Desk — AI Analysis May 19, 2026 · 10:48 BRVO · 3.5 Bravo Mining Corp.
Executive Summary
  • The most recent news release dated May 19, 2026, reports high-grade magmatic sulphide Ni/Cu-PGM mineralization intercepted at the Babylon target.
  • Drill hole DDH26LU330 intersected a new zone approximately 300m south of the existing Babylon target.
  • Key intercepts include 2.7m @ 2.11 g/t PGM+Au, 1.75% Ni, and 0.68% Cu.
  • Additional drill holes (DDH25LU292 through DDH25LU297) reported varying grades of Pt, Pd, Rh, Au, Ni, and Cu.
  • The company has commenced a 50km Induced Polarization (IP) survey program led by the Copper Division team.
  • Planned Bore Hole Electromagnetic (BHEM) surveying is intended to assist in further follow-up drilling.
  • This news follows the April 9, 2026 announcement of a comprehensive Phase 1 Cu-Au exploration program and the May 5, 2026 infill results from the Luanga Central Sector.
Material Impact
  • The Babylon target was previously identified in March 2026 news as a North Sector follow-up on Cu-Au anomalism; therefore, this drilling result is consistent with an announced exploration program rather than a surprise discovery.
  • While the grades are high (2.11 g/t PGM+Au combined with Ni/Cu), this represents single-hole data and does not yet constitute a resource estimate update or a change to the Preliminary Economic Assessment (PEA) economics.
  • The news validates the strategic creation of the Copper-Gold Exploration Division announced in February 2026, confirming that the division is delivering results ahead of schedule relative to the H2 2026 drilling plan mentioned in April.
  • There is no immediate material impact on the company's valuation as it does not alter the PEA NPV or IRR figures released in July 2025 ($1.25Bn Base Case).
  • The financing structure remains stable with Orion Mine Finance having already invested C$34.75M in January/February 2026, so no new dilution event is triggered by this specific release.
BRVO · Price
Company Overview
  • Company: Bravo Mining Corp. (TSXV: BRVO / OTCQX: BRVMF).
  • Flagship Project: Luanga PGM+Au+Ni deposit located in the Carajás Mineral Province, Pará State, Brazil.
  • Project Status: 100% owned; Preliminary License (LP) granted March 2025; Anchor tenant for Barcarena Export Processing Zone (ZPE).
  • Resource Estimate: Measured & Indicated resources of 158 Mt at 2.04 g/t PdEq (10.4 Moz PdEq); Inferred resources of 78 Mt at 2.01 g/t PdEq (5.0 Moz PdEq).
  • Economic Assessment: Preliminary Economic Assessment (PEA) released July 2025 shows NPV8% of US$1.25Bn (Base Case) and US$1.86Bn (Alternate Case); IRR ≈ 49%.
  • Exploration Strategy: Dual focus on advancing Luanga PEA to Pre-Feasibility Study (PFS) and expanding Copper-Gold/IOCG mineralization via the new Copper-Gold Exploration Division.
Read the original news release →

More from Bravo Mining Corp.

Sep 22, 2026 · 05:30

Bravo’s maiden 7.7 moz reserve supports a US$1.45B NPV as capital expenditure rises to US$785M.

Technical Study Sep 14, 2026 · 06:30

Bravo Intercepts 54m at 2.8 g/t PGM+Au + 0.16% Ni, including 5m at 10.7 g/t PGM+Au + 0.40% Ni at Luanga

Drill Results Sep 03, 2026 · 06:30

Brazil locks a 20-year ZPE tax regime for Bravo’s Luanga downstream processing project.

Regulatory Aug 24, 2026 · 06:30

Bravo’s Babylon Ni/Cu step-out hole returned significantly stronger grades than May, though it remains a single intercept.

Drill Results Aug 11, 2026 · 06:30

Bravo advances the Luanga PFS toward a Q3 completion with Jameson Cell validation.

Technical Study Jul 06, 2026 · 06:30

Bravo infill drilling extends a thick high-grade PGM+Au+Ni zone at depth, bolstering the Luanga resource upgrade path.

Drill Results