Alvo Minerals

Alvo Delivers Drilling Intercepts Up To 4.3% Cu, 17.5% Zn & 184g/t Ag

Diamond drilling delivers thick, shallow and high-grade intercepts at the C1 Prospect

Alvo Minerals Limited (ASX: ALV) (Alvo or the Company) is pleased to announce the final assay results from the phase 1 diamond drill program at the C1 prospect. Diamond drilling returned multiple shallow, thick and high- grade polymetallic intercepts (see Figures 1-3 and Table 1).

HIGHLIGHTS

  • The Palma VMS Project continues to deliver significant base and precious metals results from the C1 prospect.
  • Grades from the phase 1 drill program at C1 and C3 compare favourably with intercepts in historical drilling -used in the reported JORC Mineral Resource Estimate (MRE) of 4.6Mt @ 1.0% Cu, 3.9% Zn, 0.4% Pb & 20g/t Ag
  • Final assay results received from the phase 1 drill program at C1 continue to define multiple shallow, thick and high-grade polymetallic intercepts. Highlights include:
    • PD1-039: 22.0m @ 0.87% Cu, 5.62% Zn, 1.26% Pb, 30.8g/t Ag & 0.04g/t Au from 50m
    • Inc. 5.7m @ 1.45% Cu, 16.90% Zn, 3.63% Pb, 80.9g/t Ag & 0.08g/t Au from 59m
    • PD1-037: 2.0m @ 4.32% Cu, 17.45% Zn, 4.78% Pb, 184.2g/t Ag & 0.31g/t Au from 111m
    • PD1-043: 4.6m @ 0.67% Cu, 7.10% Zn, 1.72% Pb, 29.0g/t Ag & 0.04g/t Au from 41m
    • Inc. 1.4m @ 1.76% Cu, 20.92% Zn, 5.42% Pb, 91.2g/t Ag & 0.11g/t Au from 43m
    • PD1-044: 10.9m @ 0.60% Cu, 3.00% Zn, 0.81% Pb, 16.5g/t Ag & 0.01g/t Au from 60m
    • Inc. 2.5m @ 1.13% Cu, 9.93% Zn, 2.14% Pb, 56.5g/t Ag & 0.04g/t Au from 68m
    • PD1-045: 2.0m @ 1.98% Cu, 14.37% Zn, 3.35% Pb, 81.9g/t Ag & 0.14g/t Au from 65m
  • Phase 1 drill programs are complete and have significantly increased the Company’s confidence for the phase 2 that will take aggressive step-outs to test extensions to existing high-grade VMS mineralisation
    • Both drill rigs have relocated and are operating at the C3 prospect, testing both extensions and discovery targets at Mafico and Ema (previously C3 West) located within 800m of the C3 prospect
    • Based on the strong results at Palma the maiden 10,000m program has been extended

The Company has completed the maiden 10,000m diamond drill program and given the strong results delivered to date has elected to extend the drill program, with total diamond drilling at Palma Project now passing 12,000m. Both diamond drill rigs are currently operating at C3 testing extensions to high-grade VMS mineralisation and several new discovery targets including Mafico and Ema (previously C3 West).

Rob Smakman, Alvo’s Managing Director commented from site:

"Results from drilling at C1 continue to impress, with the best intercepts associated with thickening on the fold which plunges shallowly towards the south. We are starting to build our geological understanding of C1 and look forward to expanding our drilling along strike and down dip once additional geophysical surveys are completed.

Both diamond drill rigs are now back at C3 and testing high-grade extensions to the north, south and at depth, where mineralisation remains open.

It's great to complete the maiden 10,000m program, a goal that we set ourselves for our first year. We are now extending the program as drilling continues at C3 where we are chasing extensions. We are also starting the exciting process of drilling several discovery targets.”

Diamond Drilling at C1

Final diamond drilling results for Phase 1 at C1 are reported below and include the results from 18 holes, for a total of 30 holes for 5,551 metres in phase 1 drilling at C1.1


Click here for the full ASX Release

This article includes content from Alvo Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

ALV:AU
The Conversation (0)
Loyal Metals Limited

Loyal to Acquire the High-Grade Highway Reward Copper Gold Mine

Loyal Metals Limited (ASX:LLM) (Loyal, LLM, or the Company) is pleased to announce that it has acquired a binding option to purchase the Highway Reward Copper Gold Mine in Queensland, Australia, one of the highest-grade copper mines worldwide, with past production totalling 3.65 million tonnes at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au 1-9. This acquisition is the first step in Loyal’s 2025 Strategic Plan to broaden its critical minerals portfolio into copper. No exploration has been conducted on the mining leases since mining ceased in July 2005, despite a ~680% increase in copper prices and a ~1,256% increase in gold prices since the 1997 feasibility study 3,4. With over $4.4 million in funding, Loyal is well-positioned to revisit the high-grade Highway Reward Copper Gold Mine by deploying modern exploration techniques11.

Keep reading...Show less
Textured copper ribbons weave over a black background.

​Copper​ Market Hit by Major Supply Squeeze as LME Inventories Drop

One of the sharpest copper supply crunches in recent memory is rattling global commodities markets, as inventories at the London Metal Exchange (LME) plummet and the spot price soars.

Bloomberg reported that as of Monday (June 23), copper for immediate delivery was trading at a premium of US$345 per metric ton over three month futures, the widest spread since a record squeeze in 2021.

That dramatic price divergence reflects the market’s acute concerns over access to physical copper, with readily available inventories on the LME falling by around 80 percent this year alone.

Keep reading...Show less
Many copper bobbins and warehouse copper pipes.

Top 10 Copper-producing Companies

Copper miners with productive assets have much to gain as supply and demand tighten.

In May 2024, the copper price hit a new all-time high of US$10,954 per metric ton (MT) on the London Metal Exchange and US$5.20 per pound on the COMEX on the back of increasing demand and growing supply concerns.

Copper is one of the most important resources for the energy transition. However, in recent years, demand for the red metal has outpaced mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.

Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.

Keep reading...Show less
White Cliff Minerals

John Hancock to join White Cliff Minerals Board

Astrotricha Capital SEZC appointed Advisors

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce that John Hancock will join the Board of White Cliff Minerals effective 1 August 2025.

Keep reading...Show less
Gavel on books with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Royalties Jumps 183 Percent on Legal Win

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break.

On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5.

Keep reading...Show less
Cyprium Metals

Nifty Copper Project Virtual Site Visit

Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company) invites shareholders to join an investor webinar and live Q&A hosted by Executive Chairman Matt Fifield on Tuesday 24th June 2025. Investors will be guided on a virtual site visit of the Nifty Copper Complex showcasing the sulphide and heap leach resources and extensive brownfield infrastructure.

Keep reading...Show less

Latest Press Releases

Related News

×