Larvotto Resources (ASX:LRV) Reports High-Grade Gold and Antimony Drill Results
Diamond Drilling Results
Larvotto Resources has reported significant gold and antimony intercepts from its Eleanora-Garibaldi drilling program. Key results include ELG205 with 4.1 meters at 28.08 g/t AuEq, including 0.95 meters at 111.27 g/t AuEq, and ELG211 with 23.4 meters at 8.97 g/t AuEq, including 5.1 meters at 35.42 g/t AuEq.
Golden Gate Drilling
Early drilling at the Golden Gate prospect returned encouraging results, including GGL009 with 4 meters at 19.62 g/t AuEq. The program aims to explore historical mineralisation and define structural controls.
Future Plans
The company has completed approximately 9,200 meters of drilling at Eleanora-Garibaldi and Baker Creek. Larvotto plans to prepare an updated Mineral Resource Estimate using these results to support mine planning.
Executive Comments
Managing Director Ron Heeks stated, “It is very encouraging to see our drilling program at Eleanora-Garibaldi continues to produce high-grade drill results. We have four rigs operating on site, with the current priority being at Eleanora-Garibaldi. As well as being one of our main focuses for ongoing resource definition, this drilling is taking advantage of the available drill sites before construction begins at the processing plant and access roads. Historical exploration and mining focussed on only the highest-grade mineralisation. Our drilling is revealing the presence of parallel lodes and splays off the main mineralisation and also in the selvedge of the old workings. The current drilling is designed to assess what is left from previous operations, particularly in the upper parts of the deposit; firm up these additional zones and increase confidence in the block model. From the same drill sites, we also turned one of the rigs around to target a new area, Golden Gate, located southwest of the main Eleanora-Garibaldi deposit, that has produced some excellent results and we look forward to more.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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