Thunderbird Resources (ASX:THB) has launched its first systematic exploration program at the Rockvale Gold-Antimony Project in New South Wales, aiming to define new drill targets adjacent to Larvotto Resources’ (ASX:LRV) Hillgrove Mine.
About 950 soil samples will be collected across a 10km by 5km area on a 400m x 100m grid.
The program is expected to be completed within three weeks, with assay results due by late December 2025 or early January 2026.
Upon completion, a maiden drill program will be conducted to follow-up soil anomalies that warrant testing.
The program centres on the Achill Gold-Antimony Prospect, where earlier rock samples returned assays of up to 4.65% antimony, 265 grams per tonne silver, and 0.35g/t gold. The area lies about 13km northeast of Hillgrove within a structural corridor bounded by the Hillgrove and Chandler faults.
Larvotto is currently targeting to restart production at the Hillgrove Mine in Q2 2026. The company recently received an unsolicited $750 million takeover offer from United States Antimony Corporation (NYSE:UAMY), as Mining.com.au reported.
On 27 October, Larvotto rejected the non-binding indicative offer as it ‘undervalued’ the company.
The Rockvale Project, covering 358km2, contains several antimony and gold prospects which were confirmed by historical exploration.
Thunderbird Resources is an Australian explorer focused on discovering and developing precious and critical minerals.
This content was created with AI assistance and human editing.
Write to info@mining.com.au at Mining.com.au
Images: Thunderbird Resources
