Larvotto Resources Expands Drilling Campaign at Hillgrove Amid Antimony Surge

2 min read | October 22, 2024 01:34 PM AEDT | By Team Kalkine Media

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Larvotto Resources Expands Drilling Campaign at Hillgrove Amid Antimony Surge — Image source: shutterstock

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Highlights

Larvotto Resources continues exploration at Hillgrove, targeting gold and antimony.

New drilling to focus on Garibaldi and Bakers' Creek for high-grade deposits.

Results from Clarks Gully drilling are expected soon.

Larvotto Resources (ASX:LRV) is moving forward with an exciting new phase of exploration at its Hillgrove project in New South Wales. As the demand for antimony rises due to Chinese export restrictions, the ASX mining stock is leveraging this momentum by expanding its drilling activities. The exploration will focus on both gold and antimony, with particular emphasis on two key areas: Garibaldi and Bakers’ Creek.

At Garibaldi, the drilling will focus on extending known mineralisation at greater depths. This area has already shown promising signs of high-grade gold, and the new diamond drilling program aims to explore deeper into the deposit. Additionally, infill drilling will be conducted to evaluate further potential beneath an existing antimony pit. This pit was previously mined for antimony, and the company sees significant opportunity to uncover more of this essential mineral.

Bakers’ Creek, another target area, holds seven key zones where Larvotto Resources (ASX:LRV) believes high-grade gold could be present. The upcoming drilling will test these zones to confirm their potential. The company's goal is to expand its resource base and add to the previous high-grade results, such as the impressive historical finding of 31 meters at nearly 66 grams per tonne of gold, found 250 meters underground.

Adding to the excitement, Larvotto is also waiting for assay results from a recent reverse circulation (RC) drill run at Clarks Gully, another area within the Hillgrove landholding. These results could further define the company's plans as they explore the mineral-rich terrain of Hillgrove.

Ron Heeks, CEO of Larvotto Resources (ASX:LRV), expressed optimism about the ongoing drilling, noting the potential to expand the company’s existing resources. The Hillgrove project is already home to a JORC-compliant resource of 2,346kt at 6.6g/t gold equivalent, and this drilling program is expected to add even more value to their portfolio.

With antimony's growing importance and Larvotto Resources (ASX:LRV) actively exploring these high-potential zones, the Hillgrove project remains one to watch closely.

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