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Alvo Minerals Limited (ASX:ALV)

ALERT: Price-sensitive ASX Announcement for ALV
Current share price for ALV : $0.019 -0.007 (-26.92%)+
Announcement
Release
1 May 2026 9:59AM
Price at Release
$0.026
Full Release
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Summary
Alvo Minerals Limited has made significant progress at its Palma Project in Brazil, primarily at the Touro, Esperanza, and Entre Rios prospects. The Phase 1 drilling at Touro is complete, with assays showing promising copper and zinc intercepts and the highest grades of gold and silver seen in the Palma Project. A strong conductor was identified at Touro North, indicating potential for further mineralization. At Esperanza, new high-conductance targets were identified, while Entre Rios showed minimal sulphide presence, leading to its downgrade. Alvo continues to integrate geophysical surveys with drilling to refine exploration targets, with the Palma Project holding a total resource estimate of 7.6Mt at 2.0% CuEq.
Key Points
  • Drill assays from Phase 1 at Touro prospect include significant copper and zinc intercepts.
  • Touro prospect shows high grades of gold and silver.
  • Exploration at Touro North identified a strong conductor with potential for mineralization.
  • Esperanza prospect revealed high-conductance targets through recent drilling.
  • Entre Rios prospect encountered minimal sulphides, prospect downgraded.
  • Palma Project hosts a resource of 7.6Mt at 2.0% CuEq.
  • Systematic geophysical surveys and drilling continue at multiple prospects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.