Alvo Minerals (ASX: $ALV) announces initiation of major maiden diamond drilling program

Alvo Minerals Limited (ASX: $ALV) has announced the commencement of a major maiden diamond drilling program at the Palma VMS Project. The company is set to initiate a diamond drilling program of up to 5,000m in early May to test multiple new high-priority untested copper-zinc prospects at the Palma VMS Cu-Zn Project. The Palma VMS Project hosts VMS mineralization, which is polymetallic and can typically cluster, and Alvo's district scale landholding hosts two JORC Resource deposits and a brownfields discovery made in late 2023.

Rob Smakman, Alvo's Managing Director, comments on the diamond drilling program

This maiden drill program to test a pipeline of untested VMS prospects is our most exciting to date, having been the culmination of countless hours of detailed data collection and interpretation to refine and prioritize the large number of targets across the >70km of prospective strike at Palma. Our team has worked in the background over the past 18 months, bringing these new prospects to a point where drilling is the next logical step to confirm a discovery. Each of the chosen prospects has endured multiple phases of interrogation and the drillhole locations have been carefully chosen for maximum chance at delivering a new discovery. Our broader exploration model at Palma has always been to make discoveries of high-grade copper and zinc deposits on our district scale land package in a proven VMS belt. We believe this puts Alvo in a unique position as a junior explorer. VMS Districts are known to host clusters of deposits and we are confident there are more to be found just below the surface at Palma- exploration effectively stopped over 40 years ago. Alvo has the advantage of a motivated, credentialled and funded team that has utilized the best modern equipment and techniques available. We look forward to delivering on our strategy of discovery and adding to our already significant JORC compliant Inventory of Copper and Zinc at Palma.

Outlook for Alvo Minerals and the Palma VMS Project

Alvo Minerals' initiation of a major maiden diamond drilling program at the Palma VMS Project marks a significant step in the company's exploration efforts. The company's focus on refining and prioritizing multiple drill ready prospects has led to the commencement of this program, reflecting the culmination of extensive data collection and interpretation. With the potential for new discoveries, Alvo Minerals aims to add to its already significant JORC compliant Inventory of Copper and Zinc at Palma. The company's broader exploration model at Palma is geared towards making high-grade copper and zinc deposits, leveraging its district scale land package in a proven VMS belt. Alvo Minerals is optimistic about the potential for clusters of deposits just below the surface at Palma, given the effective utilization of modern equipment and techniques. The upcoming diamond drilling program and ongoing exploration activities are expected to contribute to the company's corporate strategy of discovery and growth, positioning Alvo Minerals as a key player in the exploration of critical minerals.