Larvotto Resources Reports High-Grade Gold Results from Hillgrove
THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) had to wait until Day Two of the RIU Sydney Resources Roadhouse to throw a spanner amongst the pigeons.
Larvotto Resources presented on Day One, but was hamstrung by a self-imposed trading halt from releasing some exciting drilling results from the Bakers Creek deposit within the company’s recently acquired Hillgrove gold and antimony mine, near Armidale in New South Wales.
The diamond drilling program targeted the lower level of gold mineralisation at the Hillgrove Mine area at Bakers Creek with results confirming and extending known gold mineralisation at Hillgrove.
High-grade intercepts include:
BKC015
31 metres at 65.8 grams per tonne gold from 244m, including 5.3m at 220g/t gold from 245m and 4.75m at 161g/t gold from 255.1m;
BKC012
3.5m at 9.55g/t gold from 161m, including 0.5m at 49.6g/t gold from 162.6m; and
BKC013
13.1m at 3.61g/t gold from 346m, including 4m at 8.11g/t gold from 349m.
“The drilling program at Bakers Creek yielded exceptional high-grade intercepts, returning significant high-grade results,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.
“This work highlights the wealth of mineralised structures within the Hillgrove field.
“Bakers Creek has historically produced over 300,000 ounces of high-grade gold.
“From our interpretation of these mined areas, we concluded there should be further extension to the ore shoots.
“The standout result of 31m at 65.8 grams per tonne gold has clearly demonstrated that the mineralisation does extend to depth while maintaining excellent grades.
“We believe that other adjacent mineralised zones will also extend to depth in a similar way, and we look forward to testing these with upcoming drill programs, providing confidence that we can add further resources at Hillgrove from deeper zones.
“These stunning results also provide the Company with positive momentum as we near completion of the metallurgical study and the release of our initial Ore Reserve Estimate for the Hillgrove project.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
