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An announcement from Alvo Minerals Limited ( (AU:ALV) ) is now available.
Alvo Minerals has confirmed a new polymetallic discovery at its Touro prospect within the Palma Project in central Brazil, with assays from the first diamond drillhole (PDT-117) returning high-grade copper and zinc along with notably strong silver and gold values, including 9.3 metres at 1.1% copper equivalent from 55.3 metres. All drilling at Touro to date has intersected copper and zinc sulphides over roughly 750 metres of a 2.2-kilometre-long target, suggesting Touro could be a material addition to Palma, and the company is resuming drilling this week to complete a deep hole (PDT-122) aimed at testing a large down-dip electromagnetic conductor that may further expand the scale and value of the discovery for stakeholders.
The most recent analyst rating on (AU:ALV) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Alvo Minerals Limited stock, see the AU:ALV Stock Forecast page.
More about Alvo Minerals Limited
Alvo Minerals Limited is an Australia-based mineral exploration company focused on copper and zinc, operating the 100%-owned Palma Copper-Zinc Volcanic Massive Sulphide (VMS) Project in central Brazil. The company is targeting high-grade base and precious metal deposits across a multi-kilometre strike, aiming to expand its resource base and strengthen its position in the regional VMS mining district.
Average Trading Volume: 3,842,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$19.5M
See more data about ALV stock on TipRanks’ Stock Analysis page.