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Larvotto Resources Intersects Visible Gold at Hillgrove Project

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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

 

 

Larvotto Resources Claims New Copper Discovery at Mt Isa

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) claimed a new copper discovery at the company’s Mt Isa project in Queensland.

Larvotto Resources reported results from recent RC drilling undertaken at the Yamamilla and IXL targets confirmed and extended known copper mineralisation at the Mt Isa project.

The company drilled the 2,100m Reverse Circulation (RC) program targeting copper, gold and cobalt that had been identified via Larvotto’s ongoing regional geochemistry and field mapping program.

The new copper discovery made at IXL sit along a mineralised N-W trend with initial drilling intersecting near surface copper mineralisation, returning:

IXLRC23003
20 metres at 1.03 per cent copper from surface, including 4m at 2.48 per cent copper from 12m.

Wide intercepts of copper mineralisation were encountered at the Yamamilla prospect, including:

YMRC23004
44m at 0.63 per cent copper from 48m, including 8m at 1.64 per cent copper from 84m.

“The recent RC drill program at our Mt Isa project has been very successful with significant results from the IXL prospect, where we intersected significant new zones of copper mineralisation from surface and a wide intercept of copper mineralisation at Yamamilla,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The IXL result has identified a new mineralised structure and has become a new priority target.

“At Yamamilla, it is encouraging to receive a shallow intercept of 1.64 per cent copper that will also require follow-up drilling.

“Both of these results highlight the significant exploration potential with multiple targets across the 900 square kilometres land area at our Mt Isa project.

“We look forward to keeping shareholders updated on Larvotto’s future exploration activity on this highly-prospective area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources Set to Commence Drilling Multiple Prospects at Eyre

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) is gearing up to commence a Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Eyre Project near Norseman in Western Australia.

Larvotto Resources explained initial drilling will be targeting the project’s Merivale lithium and PGE geochemical and aircore drilling anomalies.

This is to include drilling of the Mt Norcott and Dickie Dyke nickel soil geochemical anomalies, both of which the company has identified as being prospective areas from regional geochemistry and field mapping.

From geochemical soil sampling conducted last year, Larvotto identified several broad lithium anomalies in an area known to contain pegmatite intrusions it interpreted to be similar to those located directly north at Liontown Resources (ASX: LTR) Buldania lithium resource.

Other activities identified robust nickel and copper geochemical anomalies at Mt Norcott associated with norite rocks within the Jimberlana Dyke which is known to host nickel, copper and PGE mineralisation.

An initial five deep RC holes will be drilled to test the area for base metal and PGE mineralisation.

“We have several reasons to be optimistic about what this program could potentially deliver at the Merivale, Mt Norcott and Dickie Dyke prospects,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The Merivale prospect has produced soil geochemical anomalies for both lithium and nickel in adjacent zones from our previous work.

“Initial aircore drilling under the soil cover then defined multiple lithium mineralised pegmatite intrusions and a discrete nickel zone in ultramafic rocks earlier this year.

“Now we know where they are, this round of drilling will test these zones at depth and penetrate the hard pegmatite zones that aircore drilling could not.

“We believe that the nearby strong nickel anomalous zones may also hold potential for PGEs as well as nickel at depth.

“Mt Norcott and Dickie Dyke are both well-defined nickel geochemical highs associated with the Jimberlana Dyke.

“Both also have the potential to be mineralised with PGEs.

“We look forward to the results from this initial RC drill program and updating shareholders as they become available.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Larvotto Resources Hits Encouraging Maiden Rare Earth Results at Merivale South

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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