Larvotto Resources Intersects Visible Gold at Hillgrove Project

THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) got excited by its first diamond drilling program at the company’s newly acquired, 100 per cent-owned Hillgrove gold-antimony project near Armidale in New South Wales.

Larvotto Resources carried out the drilling targeting extensions to the high-grade gold and antimony mineralisation identified in drilling undertaken in 2022.

The company said the new drilling had revealed numerous zones of visible gold in quartz-carbonate breccias and quartz-carbonate veins associated with wider carbonate altered breccias that also hosted visible stibnite mineralisation.

Assay results are not yet available but are anticipated for delivery in early April.

“The diamond drilling program at Bakers Creek was always a priority, aimed at building on the significant high-grade intercepts from drilling undertaken in 2022,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“It was pleasing to complete the program so quickly and note numerous instances of visible gold across multiple sections of the drill core.

This suggests the potential to mirror historic high-grade results, such as the 0.45 metres at 257 grams per tonne gold previously reported at Bakers Creek.

“Identifying visible gold in the deeper part of the Hillgrove system helps confirm that it may be geologically similar to the high-grade gold and antimony systems identified at the Costerfield Mine operated by Mandalay and the high-grade gold mineralisation identified by Southern Cross Gold in Central Victoria.

“Larvotto is working to deliver an initial Ore Reserve Estimation at Hillgrove in the near term from its significant Mineral Resources.

“This being at a time of a record AUD gold price and near record antimony price.

“Drill core is currently being cut for assay, with initial results expected in early April and we look forward to moving closer to releasing an initial resource for Bakers Creek mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE