Alvo Minerals (ASX:ALV) has started diamond drilling program of up to 5,000m at the Palma Cu-Zn VMS Project in Central Brazil.
Three initial high-priority prospects have been defined through multi-disciplinary exploration – Urubu, Anta, and C4-NE. Palma hosts VMS mineralisation, which is polymetallic and can typically cluster.
The company says exploration across the belt will continue as drilling is underway with additional work expected to advance prospects TG-01, C5, C5N, and Anta S to drill-ready status.
Alvo’s district scale landholding hosts two JORC resource deposits and a brownfields discovery made in late 2023.
Alvo Managing Director says this maiden drill program is the most exciting to date, as the company will be able to test a pipeline of untested VMS prospects – “the culmination of countless hours of detailed data collection and interpretation to refine and priorities the large number of targets across the more than 70km of prospective strike at Palma”.
Alvo is well funded to progress with planned exploration and is hopeful of making discovery during this program, he adds.
Images: Alvo
