The Conversation (0)
Alvo Minerals (ASX:ALV) focuses on a district-scale opportunity in an underexplored asset in Palmeiropolis region of central Brazil. The advanced-stage Palma project has produced exploration results that indicate high-grade copper-zinc deposits in a rich volcanogenic massive sulphide (VMS) zone. It has the right rocks to become a new VMS camp essential in global sources of copper, zinc, lead, silver and gold. The project is surrounded by active mines, including Lundin Mining’s Chapada copper-gold mine and Serra Verde’s REE project.
The Palma project was discovered in the 1970s, yet it has been idle for approximately 30 years. Once Alvo Minerals acquired the project, it became the first mining company to apply modern, systematic, and aggressive exploration techniques. A 2012 JORC inferred mineral resource estimate indicated 4.6 million tonnes at 1.0 percent copper, 3.9 percent zinc, 0.4 percent lead and 20 g/t silver. The company also recently released assays on the C3 deposit- with highlights including 7.0m @ 5.2 percent Cu, 8.0 percent Zn & 7.4m @ 2.2 percent Cu, and 23.1 percent Zn.
Company Highlights
- Alvo Minerals is an exploration and development company with a district-scale project in Tocantins and Goias states, central Brazil.
- Historic exploration programs have indicated high-grade copper-zinc deposits containing lead and silver. These results were confirmed in the 2012 JORC resource estimate that indicated 4.6 million tonnes of these metals.
- The Palma project has received minimal attention since its discovery, and Alvo Minerals is the first explorer to apply modern and systematic exploration techniques.
- Only the outcropping prospects in the Palma project have been drilled to date, leaving much of the VMS deposits unexplored.
- Palma is surrounded by active mines, including Lundin Mining’s Chapada copper-gold mine and Serra Verde’s REE project. There are also major Nickel, gold and phosphate operating mines within the district.
- The Palma project has robust infrastructure along with community and political support.
- An experienced management team leads the company with the right experience to fully capitalise on its promising district-scale opportunity.
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