New Modelling Defines Multiple Untested Targets at Touro

Key points

• Multiple untested targets identified along 1.1km Touro corridor
• New off-hole DHEM conductor identified, 10x higher than original FLEM survey
• Metal Factor anomaly continues 500m south of drilled area
• Environmental licence received for Phase 2 drilling at Touro
• Maiden drilling confirmed continuity of VMS system with mineralisation open along strike and at depth

Full summary

Alvo Minerals Limited has announced the reinterpretation of data from the Touro Prospect, identifying multiple new drill targets along the 1.1km corridor. The new modelling, based on DHEM, IP, and structural geology, highlights a new off-hole DHEM conductor that is 10 times stronger than the original surface FLEM survey, consistent with potential massive sulphide accumulation. The Metal Factor geophysical anomaly, associated with disseminated sulphide mineralisation, extends at least 500m south of the previously drilled area. Alvo has received the environmental licence to commence Phase 2 drilling at Touro, opening approximately 500m of strike in the central corridor. The maiden drilling campaign confirmed continuity of the VMS system with mineralisation open along strike and at depth, with significant results including 0.8m @ 0.46% Cu, 2.33% Zn (1.12% CuEq or 4.74% ZnEq) from 193.3m.

Outlook

Alvo plans to continue geophysical surveys at Touro, plan the second phase of drilling, conduct additional surface FLEM at Esperanza, and continue exploration work across the Palma Project.