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Alvo Minerals Limited ( (AU:ALV) ) has shared an announcement.
Alvo Minerals has reported new drill assay results and strong geophysical indicators from its ongoing Phase 1 drilling at the Touro and Esperanza prospects within the Palma VMS Project in Brazil. Touro continues to deliver higher than usual gold and silver grades for the project, while recent drilling intersected mineralised sulphides and identified what the company describes as the strongest downhole electromagnetic conductor seen at Touro to date.
At Esperanza, initial drilling at the previously untested prospect intersected disseminated sulphide mineralisation in two of three holes, and follow-up downhole geophysics has revealed a large, high-conductance deeper conductor not previously mapped. The completed program, which tested three undrilled prospects over 16 holes, suggests expanding exploration potential at Palma and underpins further drilling and geophysical work that could enhance Alvo’s resource growth and project scale.
More about Alvo Minerals Limited
Alvo Minerals Limited is an Australian exploration company focused on the Palma Copper-Zinc Volcanic Massive Sulphide (VMS) Project in central Brazil. The company targets base and precious metal mineralisation, with an emphasis on copper, zinc, gold, silver and lead, aiming to delineate high-grade VMS deposits through drilling and geophysical surveys.
Average Trading Volume: 689,152
Technical Sentiment Signal: Sell
Current Market Cap: A$6.83M
See more data about ALV stock on TipRanks’ Stock Analysis page.