Larvotto Resources (ASX:LRV) reports it has received further encouraging nickel and copper results from a recent geochemical soil survey at its 100% owned Eyre Project in Western Australia.
The survey was undertaken at the Mt Norcott prospect at the Eyre Project, which covers the Jimberlana Dyke and is located 25km east of Norseman in the Eastern Goldfields in Western Australia.
The company’s share price was up 10.26% as of 1pm AWST.
Commenting on the results, Larvotto Managing Director Ron Heeks said: “Results from this survey have achieved two great results.
“we have a large increase in the strike extent and tenor of the nickel and copper geochemical anomaly”
First, we have identified an entirely new anomaly 3km to the west of our previous survey. Secondly, we have a large increase in the strike extent and tenor of the nickel and copper geochemical anomaly of the June 2022 survey that at the time we highlighted was open along strike in both directions.
Peak results are now up to 1,673ppm Ni and 773ppm Cu which is over 15 times higher than background soil levels. Importantly, these high values are associated with norite host rocks. Norites are known worldwide as hosts to nickel and PGE orebodies and it is also very encouraging that the anomaly lies along the contact zone of two different norite rock units.
The high-grade contour defines an area above 1000ppm Ni and forms a discrete, 1.2km long zone that forms an extremely well-defined core to the larger anomaly.”
Larvotto is continually expanding the geochemical survey to provide coverage over the entire Eyre project.
In the vicinity of the current anomaly, an electromagnetic (EM) geophysical survey will be undertaken to test below the geochemical anomaly for sulphide mineralisation. It is expected that this survey can commence in coming weeks.
Larvotto is actively exploring its portfolio of projects including the large Mt Isa copper, gold, and cobalt project adjacent to Mt Isa townsite in Queensland, an ‘exciting’ gold exploration project at Ohakuri in New Zealand’s North Island and the Eyre multi-metals and lithium project located some 30km east of Norseman in Western Australia. Larvotto’s board is a mix of experienced explorers and corporate financiers.
Images: Larvotto Resources Ltd
