Junior explorer Larvotto Resources (ASX:LRV) has completed a 2,383m reverse circulation (RC) drilling program across multiple prospects at its Eyre Project in Western Australia.
The company says the drilling was undertaken to test ‘broad’ lithium anomalies in an area known to contain pegmatite intrusions similar to those located directly north at Liontown Resources’ (ASX:LTR) Buldania lithium resource.
Larvotto, which has an $11.36 million market capitalisation, says the drilling focused on testing lithium at its Merivale prospect, as well as nickel and platinum group elements (PGE) at both Merivale and Mt Norcott.
RC drilling returned multiple zones of pegmatite intercepted on each of the lines drilled, according to Larvotto. These pegmatites demonstrated widths that varied from one to 30 metres, as well as dips that varied from a shallow 30 degrees to the east to near vertical.
Due to road access issues, Larvotto was not able to drill test the Dickie Dyke prospect as part of this program, but the company says this area will be a priority focus for its next bout of drilling in the project area.
Larvotto notes drilling also targeted an ultramafic unit that produced a discrete ‘high’ geochemical response for nickel adjacent and immediately west of Merivale.
This unit shares characteristics with that of Galileo Mining’s (ASX:GAL) nearby Castillo nickel-PGE prospect.
With drilling now complete, Larvotto announces all assays have been submitted for testing and are anticipated to be returned in September this year.
Speaking on the completion of drilling, Larvotto Resources Managing Director Ron Heeks says: “We have successfully completed a 2,383m drilling program at our multi-commodity Eyre Project in WA, which focused on our Merivale and Mt Norcott Prospects.
At Merivale, we successfully tested both the lithium and nickel soil geochemical anomalies, whilst at Mt Norcott, our focus was on the nickel geochemical targets which demonstrate the potential to host PGE mineralisation.
“Significantly, multiple pegmatite zones of thicknesses up to 30 metres downhole were intersected“
Significantly, multiple pegmatite zones of thicknesses up to 30 metres downhole were intersected. Dips of the pegmatite zones varied from quite shallow to the east to near vertical. We look forward to compiling the geological information collected with the analytical results as they come in. Unfortunately, due to road access issues experienced, we were not able to undertake the initial testing of the Dickie Dyke Prospect.”
Larvotto Resources is an ASX-listed explorer focused on exploring its portfolio of projects, including the ‘large’ Mt Isa copper, gold, and cobalt project adjacent to Mt Isa in Queensland and an ‘exciting’ gold exploration project at Ohakuri in New Zealand’s North Island.
The company’s Eyre project is located about 30km east of the township of Norseman in Western Australia and boasts ‘good’ access to and within the project area.
Write to Adam Drought at Mining.com.au
Images: Larvotto Resources Ltd
