Larvotto Resources (ASX:LRV) is progressing work within the group’s new targets at the Mets and Freehold deposits within the Hillgrove Antimony-Gold Project in New South Wales, amid drilling at other deposits set to conclude shortly.
At Metz, exploration drilling is targeting the Blacklode-Syndicate intersection, which is considered a priority area for near-term resources. Exploration will also test extensions beneath historical workings, with step outs planned.
Larvotto, which has a market capitalisation of $342.6 million, is transitioning its focus toward high-impact exploration and near-mine resource growth, initially at Metz and Freehold and then further afield within its fertile exploration land package.
At Freehold, first-pass drilling is targeting a historically significant zone, located 1.2km east of the Hillgrove plant.
This news comes after the company received results from a diamond drilling program conducted at the Eleanora and Golden Gate deposits.
Managing Director Ron Heeks says at Eleanora drilling demonstrates the potential to deliver “meaningful” intersections, while Golden Gate is starting to show real continuity with multiple lodes development.
“The exploration strategy balances near-mine growth with broader district potential, positioning Hillgrove for immediate resource additions and long-term upside,” Heeks says.
At Eleanora, some of the results include 28.1m @ 5.68 grams per tonne gold-equivalent from 186m; and 2m @ 23.64g/t gold-equivalent from 117m.
Meanwhile, the results at Golden Gate include 5.8m @ 4.9g/t gold-equivalent from 166.6m; and 8.5m @ 4.03g/t gold-equivalent from 196m.
Larvotto Resources is actively advancing its portfolio of in-demand mineral projects across Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Larvotto Resources
