Alvo Minerals Limited (ASX: ALV) has highlighted multiple discovery and extensional targets with the results of several FLEM surveys at the Palma VMS Project in Brazil.
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 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 programme at the C1 and C3 prospects.
“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,” Managing Director, Rob Smakman, said.
“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.
“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!”
For further information please visit: https://alvo.com.au/
