Palma project Brazil

Alvo Minerals identifies new potentially mineralised VMS conductors at Palma project, Brazil

Alvo Minerals Limited (ASX:ALV) reports multiple new potentially mineralised VMS conductors identified via Fixed Loop Electromagnetic (FLEM) surveys across its Palma VMS Project in Brazil.

The ‘high-grade’ copper-zinc explorer reports the surveys have highlighted multiple discovery and extensional targets, which will require further drilling.

The FLEM surveys covered the C3 advanced prospect and nearby VTEM conductors now named Mafico and C3 West.

A FLEM survey was also completed at the northern extension of the C1 deposit, now named Macaw.

Importantly, high and lower tenor conductors have been highlighted, associated with known high-grade VMS mineralisation.

In addition, multiple new conductors, which could be significant vectors toward new discoveries, have also been revealed.

Alvo will systematically test both the discovery and extensional targets highlighted by the recent surveys as part of its ongoing phase 1 and phase 2 diamond drill program at the C1 and C3 prospects.

Commenting on the results, Alvo Minerals Managing Director Rob Smakman said: “We are incredibly pleased with the efficiency and quality of data delivered by the recent FLEM survey results that have been collected and processed by our team daily.

The EM plates at the C3 deposit in particular, represent exciting possible extensions to the high-grade VMS mineralisation – both along strike and down-dip. We intend to aggressively test these extensional targets following the interpretation of downhole EM at C3, anticipated to commence shortly.

This is undoubtedly the most exciting part of the exploration campaign

Of course, the key to our exploration model is to make discoveries and we are excited to be refining multiple new targets at Macaw, Mafico, and C3 West; all of which show strong potential to be new discoveries to be  tested in the coming drill campaign.

Since listing in October last year, Alvo has been aggressively carrying out its stated three prong exploration strategy – upgrade, expand, discover. With the consistency of existing mineralisation confirmed through phase 1 drilling at C3 and C1, we are eagerly anticipating the next phase of exploration aimed at significantly expanding  existing high-grade mineralisation and making new discoveries.

This is undoubtedly the most exciting part of the exploration campaign.”

Alvo’s in-house survey team began at C3 to look for extensions of the known high grade VMS mineralisation.

The FLEM survey quickly revealed a strong signature associated with the mineralisation at C3, as well as a strong and extensive conductor at Mafico (to the east of C3) and a subtle signature at C3 West.

The interpreted plate location at C3 closely matches the known mineralisation with the plate extending significantly at depth (extent of about 400m from the top of the plate at about 60m below surface) and extends some 1km NE-SW.

This plate will be tested in phase 2 drilling, set to begin once the additional information from loop 2 FLEM and downhole electromagnetic (DHEM) is complete.

Metallurgical test work from C3 is expected to commence in July.

Moving forward, Alvo is working to complete phase 1 diamond drilling at C1; will start phase 2 diamond drilling to test depth and along strike extensions of high-grade VMS mineralisation as defined by FLEM and DHEM; and will drill test discovery targets at Mafico, Macaw and C3 West and follow up with additional drilling and/or DHEM as required.

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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.