Larvotto Resources Hits Encouraging Maiden Rare Earth Results at Merivale South
THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) reported the first total rare earth element oxide (TREO) results from the company’s 100 per cent-owned Eyre project located outside of Norseman in Western Australia.
Larvotto Resources completed aircore drilling at the Merivale South prospect within the Eyre project, producing initial drill results of multiple wide, near surface intersections of TREO.
The company expects mineralisation is hosted within ionic clays, making them suitable for simple, cost-effective extraction.
Highlights include:
MSAC001
6 metres at 3140 ppm TREO from 18m, with 17.33 per cent combined neodymium praseodymium (NdPr) and 2.93 per cent dysprosium;
MSAC002
6m at 2130 ppm TREO from 18m, with 16.59 per cent combined NdPr and 2.94 per cent dysprosium; and
MSAC002
5m at 2841 ppm TREO from 24m, with 20.50 per cent combined NdPr and 1.68 per cent dysprosium.
Larvotto will send selected 6 metre field samples to be resampled on 2 metre intervals to provide greater definition of the TREO mineralisation and to provide material for future metallurgical testwork.
Others will be sent for immediate metallurgical testing to determine if the mineralisation is associated with ionic clays and provide an indication of potential recoveries.
This work will determine the extent of future drilling.
“This is an extremely encouraging result from first pass drill testing of just a small section of one of our rare earth element (REE) anomalies,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.
“The results compare favourably with those quoted by leading companies in the field, with excellent heavy TREO and NdPr ratios.
“Widths are also very good and close to the surface.
“We look forward to the results from metallurgical testing to determine the amenability of the mineralisation to extraction.
“Given the huge size of the anomaly, this could just be the tip of the iceberg and this round of drilling could be the beginning of a significantly larger drilling program.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE