Alvo Minerals Limited (ASX: ALV) has identified promising future targets with the now completed Reverse Circulation (RC) drilling at the C3 prospect within the Palma Project, located in Central Brazil.
The company has completed 1,466m in 37 holes at C3, targeting shallow supergene mineralization, a previously unknown style of mineralisation first discovered by Alvo during diamond drilling on the Project in early 2022.
“We are pleased to report on extremely positive RC drill results at C3 which demonstrates the previously unknown supergene mineralisation has an extensive footprint, close to the projected surface of the main mineralization,” Managing Director, Rob Smakman, said.
“First pass drilling returned some spectacular grades and this could be a material enhancement of the overall Palma Project. We have samples of the supergene material at the metallurgy lab, with testwork scheduled to start in the next month.
“Diamond drilling is ongoing at the C3 cluster testing extensions to high-grade mineralzsation at depth and along strike and testing the high-priority conductive regional targets.
“Concurrently our team is busy advancing multiple work streams including metallurgical testwork, DHEM surveys, FLEM surveys and geochemistry at regional exploration targets. With lots of activity underway on site we expect strong news flow over the festive season.”
RC drilling was successful in intercepting supergene mineralization over a length of ~200m and ~250m width- with thickness up to 30m. Supergene mineralization remains open to the NE. The mineralized intercepts are shallow and laterally extensive, with zones of exceptionally high-grade copper including 6m @ 7.1% Cu from 28m in PRC3-013 and 6m @ 2.3% Cu from 41m in PRC3-008.
Two diamond drill rigs are currently operating around the C3 deposit, testing extensions to the high-grade VMS mineralization. Drilling is also testing new targets including the Mafico, Ema, Pelicano and Pombo Prospects, clustered around C3. Electromagnetic surveys (both surface – FLEM and downhole DHEM) and Induced Polarisation (IP) surveys are ongoing to assist in targeting potential new VMS mineralized prospects.
Alvo has recently imported a truck mounted auger drilling rig which will soon be operational and will provide fast, efficient and cost-effective regional geochemical sampling to a depth of 30m.
For further information please visit: https://alvo.com.au/
