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Alvo Minerals Limited (ASX:ALV)

ALERT: Price-sensitive ASX Announcement for ALV
Current share price for ALV : $0.021 -0.019 (-47.50%)+
Announcement
Release
26 Feb 2026 10:11AM
Price at Release
$0.040
Full Release
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Summary
Alvo Minerals Limited has announced the latest drilling results from their 100% owned Touro Prospect within the Palma Copper-Zinc Volcanic Massive Sulphide (VMS) Project in Central Brazil. The recent assay results from the initial holes have confirmed additional copper intercepts, building on the earlier discovery hole PDT-117. The drilling has intercepted significant mineralised sulphides, both massive and disseminated, across multiple zones. Notably, drill hole PDT-120 yielded a 5.1m intersection at 1.1% CuEq, while PDT-121 showed a 3.6m intersection at 0.9% CuEq. These findings strengthen the potential of the Touro Prospect, warranting further exploration to understand deeper conductors and expand the mineral resource. The prospects of Esperanza and Entre Rios are also being explored, with ongoing geophysical and geochemical surveys aimed at identifying new targets for drilling.
Key Points
  • Drill assays confirmed additional copper intercepts at Touro Prospect.
  • Significant intercepts include 5.1m at 1.1% CuEq in PDT-120 and 3.6m at 0.9% CuEq in PDT-121.
  • Exploration continues to assess deeper conductors and expand the resource.
  • Geophysical and geochemical surveys are underway at Esperanza and Entre Rios.
  • The drilling campaign is part of Alvo's broader strategy at the Palma VMS Project in Brazil.
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.