Larvotto Resources (ASX:LRV) has announced drilling at its 100%-owned Mt Isa Copper Project will start this week at the ‘high-priority’ Blue Star Gospel and Portal Creek targets in Queensland, Australia.
These priority targets were delineated from a geophysical Fixed Loop Ground Electromagnetic survey (FLEM) that Larvotto conducted earlier this year, which identified multiple zones of near surface mineralisation across the wider Mt Isa Project.
The drill program will comprise a combination of reverse circulation (RC) and diamond drilling and is expected to take up to four weeks to complete, dependent upon drilling conditions. DDH1 Ltd is undertaking the drill program for Larvotto.
Commenting on the drill program, Larvotto Managing Director Ron Heeks said: “We are looking forward with the commencement of multiple exploration programs across our portfolio.
“The drilling program commencing at Mt Isa will focus on the high priority Blue Star, Gospel and Portal Creek targets”
The drilling program commencing at Mt Isa will focus on the high priority Blue Star, Gospel and Portal Creek targets, which were identified earlier this year from the geophysical survey we carried out.
The Blue Star and Gospel area form a particularly interesting target as it is identified below the historic workings, which has previously returned numerous significant results and our recent geophysics program identified a conductive zone that commences beneath these workings and plunges to the south.
The zone is slightly offset from the old working and has not been drilled previously and may form the extension to the zones identified near surface.
In New Zealand, we will be commencing the IP geophysical survey to identify high-priority targets for follow-up diamond drilling later this year. Our work to date at Ohakuri strongly indicates the potential for the project to be a classic epithermal gold system and we can’t wait to further explore this exciting project.”
The company reports that at Eyre, its geophysics survey is currently underway at Mt Norcott to follow-up the strong nickel and copper anomaly that was identified earlier this year which has extended to over 4km of strike.
In New Zealand at the Ohakuri Project, the detailed IP geophysical survey, which was originally planned for earlier in the year but was postponed due to equipment issue, has now been rescheduled to commence later in August.
The aim of the survey is to provide detailed targets for follow up diamond drilling from areas identified by reinterpreted wide-spaced ESCAN geophysics and previous drilling.
Work to date carried out by Larvotto, including the recent geochemical drilling which successfully extended the Central Zone Target 800m to the west, strongly suggests that Ohakuri could be a classic epithermal gold system, which is the company’s targeted model at this project.
It is anticipated that the survey should take two weeks to complete.
Larvotto Resources 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.
Images: Larvotto Resources Limited
