"Bravo's HeliTEM has shown to be productive and highly encouraging, defining a significant number of EM anomalies. Following ground truthing and further examination in conjunction with Bravo's micro-gravity and ground magnetics geophysical dataset and the latest detailed geological and structural interpretations, 17 Priority Drill Targets have been selected for systematic drill testing," said
- A HeliTEM geophysical survey (Figure 1) targeting massive sulphide mineralization that potentially could contain nickel ± copper, was completed over the Luanga project (7,810ha).
- Numerous of EM anomalies have been identified in the survey, which includes 16 Priority One Anomalies and 16 Priority Two Anomalies. The remainder are lower priority anomalies.
- From these anomalies, 17 Priority Drill Targets have been selected to be tested in the first round of drilling.
- Work is now underway to create plate models and design proposed drill holes to test them.
- Detailed ground micro-gravity and magnetic surveys have also been completed and utilised in this work.
- Six drill rigs are now on-site, of which two will be assigned to the pending EM exploration drilling once ready.
Final data has been received from the HeliTEM (airborne electromagnetics) survey completed over the entire (7,810ha) Luanga project (Figure 4). Initial target identification and ranking has been completed, identifying a numerous EM anomalies including 16 Priority One anomalies, 16 priority two anomalies, with the remainder being low order anomalies.
Priority 1 and 2 anomalies were ranked using the newly completed ground micro-gravity and magnetic surveys, together with Bravo's latest detailed geological and structural interpretations, soil geochemistry data and the existing drilling database. From this work 17 Priority Drill Targets have been selected (Figure 2 and 3).
The Priority Drill Targets are all comprised of strong EM anomalies, which coincide with favourable ultramafic positions below or close to the previously identified main Luanga PGM+Au+Ni mineralization, or are proximal to (T6, T7, T8 and T9) the ultramafic which strikes East from Luanga and/or have favourable Ni/Cu soil geochemistry.
Detailed interpretation, including EM plate modelling and drill hole design has started, with drilling set to commence as soon as possible. Bravo has 2 drill rigs ready (of the 6 rigs now on site) available for this work.
The Phase 2 Drilling Program targeting the continuation of PGM+Au+Ni mineralization to approximately 300m below surface, or twice as deep as Phase 1 or historical drilling, continues to progress well.
A total of 213 drill holes (78 in 2023) have been completed by Bravo to date, for 42,996 metres, including 8 planned twin holes and 8 metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill holes to date. Results for 19 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes).
Bravo is a
Technical information in this news release has been reviewed and approved by
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "encouraging", "potential feeder", "continue", "potential", "favourable", or variants of these words and other similar words, phrases, or statements that certain events or conditions "may", "should" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof including the potential for extensions to mineralization to depth and the potential to convert such extensions into mineral resources; the results of geophysical surveys and whether interpretations of them are related to mineralization; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that Ni grades are improving to depth, that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the
Schedule 1: HeliTEM Survey Specifications
Acquisition Equipment | ||
Description | Specification | |
Manufacturer | Xcalibur | |
Model | Helitem2 | |
Frequency Base | 15 Hz | |
Pulse Ramp | 450 μs | |
Off time Channels | 25 | |
Power | 560,000 Am2 (@+1°C) | |
Sensor Coil | 3 Component | |
Loop Diameter | 30 m | |
Sampling Rate | 10 Hz | |
Description | Specification | |
Manufacturer | Scintrex CS-3 Cesium Vapor | |
Operating Range | 15 - 105 nT | |
Sampling Rate | 10 Hz |
SOURCE
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