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The latest update is out from Alvo Minerals Limited ( (AU:ALV) ).
Alvo Minerals Limited has announced that its second diamond drill hole at the Touro Prospect within the Palma Copper-Zinc VMS Project has confirmed additional visual mineralization. The drilling results suggest the potential for a large mineral system, with mineralization extending over a kilometer in length and significant depth. This discovery could enhance Alvo’s position in the mining sector by potentially expanding its resource base, although the exact geometry and economic viability will be determined after further drilling and laboratory assays, expected in 6-8 weeks.
More about Alvo Minerals Limited
Alvo Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of copper and zinc resources. The company is actively engaged in the Palma Copper-Zinc Volcanic Massive Sulphide (VMS) Project, aiming to expand its mineral resource base.
Average Trading Volume: 2,074,325
Technical Sentiment Signal: Hold
Current Market Cap: A$9.18M
See more insights into ALV stock on TipRanks’ Stock Analysis page.