Alvo’s Palma drilling continues to deliver consistently high grades

The final assay results from Alvo Minerals’ phase 1 diamond drill program at the C3 deposit at the Palma project in Brazil have delivered ‘exceptional’ wide and high-grade copper-zinc VMS intercepts.

Best results include;

0m at 2.89% copper, 4.41% zinc, 0.33% lead, 29.80 g/t silver and 0.09 g/t gold from 71m, including 7.0m at 5.24% copper, 8.01% zinc, 0.33% lead, 49.71 g/t silver and 0.16 g/t gold from 73m (PD3018);
0m at 0.60% copper and 0.91% zinc from 13m (PD3-018- Supergene mineralisation);
0m at 1.81% copper, 14.23% zinc, 0.37% lead, 20.53 g/t silver and 0.04g/t gold from 252m, including 7.4m at 2.20% copper, 23.13% zinc, 0.60% lead, 30.28 g/t silver and 0.06 g/t gold from 259m (PD3-014); and
7m at 0.98% copper, 3.35% zinc, 0.05% lead, 6.27 g/t silver and 0.06 g/t gold from 319m, including, 4.0m @ 1.88% copper, 14.10% zinc, 0.08% lead, 12.63 g/t silver and 0.08 g/t gold from 330m (PD3-013).

The Palma Project has a JORC 2012 Inferred Mineral Resource Estimate of 4.6Mt at 1.0% copper, 3.9% zinc, 0.4% lead and 20 g/t silver – and the company says the results highlight the potential to expand the resource further.

Consistently high-grade mineralisation

“The final set of assay results from the first phase of drilling at C3 continues to reinforce the consistency of high-grade mineralisation and highlights the potential for materially expanding the existing JORC Resource,” Alvo Minerals (ASX:ALV) MD Rob Smakman said.

“We will be returning to drill multiple extensions at C3 once we have completed geophysical targeting.”

Phase 2 drilling at C3 will be undertaken based on geophysical surveys including Downhole and Fixed Loop Electromagnetic Surveys (DHEM & FLEM) planned for the current quarter, with geophysical equipment for DHEM and FLEM on route to Brazil.

Assays from C1 pending

The company continues its maiden 10,000m drill program with both diamond drill rigs now operating at the C1 deposit.

“At C1, initial drilling has revealed a different style of mineralisation where we have intersected broad zones of massive and semi-massive sulphides with significantly less (unmineralised) pyrrhotite,” Smakman said.

“We have been more aggressive with our drilling at C1 and noted a strong structural control on mineralisation with a folded high-grade zone plunging shallowly to the south.

“Assay results will start to flow from C1 shortly, and we are confident the historical work will be confirmed and expanded.”

This article was developed in collaboration with Alvo Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.