Larvotto Resources reports robust diamond drilling results at its Hillgrove project, confirming thick, high-grade gold-antimony mineralisation at Eleanora and Golden Gate. Exploration now shifts to promising new targets at Metz and Freehold.
- Thick, high-grade gold-antimony intercepts at Eleanora and Golden Gate
- Notable intercepts include 28.1m @ 5.68 g/t AuEq and 18.4m @ 6.26 g/t AuEq
- Golden Gate drilling reveals multiple continuous lodes near historic workings
- Garibaldi deposit holds 2.7 million tonnes at 6.6 g/t AuEq mineral resource
- Exploration focus transitions to Metz and Freehold for near-mine growth
Strong Drilling Results at Eleanora and Golden Gate
Larvotto Resources Limited (ASX – LRV) has unveiled encouraging results from its ongoing diamond drilling program at the Hillgrove Antimony-Gold Project in New South Wales. The latest assays from the Eleanora and Golden Gate prospects confirm the presence of thick, high-grade gold-antimony mineralisation, reinforcing the project's potential for resource expansion.
At Eleanora, standout intercepts include a 28.1-metre section grading 5.68 grams per tonne gold equivalent (AuEq), comprising 4.47 g/t gold and 0.42% antimony, and an 18.4-metre intercept at 6.26 g/t AuEq. These results not only highlight the tenor of mineralisation but also demonstrate continuity across multiple parallel zones, including a notably high-grade 2-metre shoot grading 23.61 g/t gold.
Golden Gate Shows Growing Continuity
Drilling at Golden Gate, a historically mined corridor southwest of Eleanora, has defined multiple lodes with increasing continuity. Recent intercepts such as 5.8 metres at 4.91 g/t AuEq and 8.5 metres at 4.03 g/t AuEq build on earlier high-grade results, suggesting a coherent mineralised system that has been underexplored in recent decades. While no formal resource estimate exists yet for Golden Gate, these findings position it as a near-mine target with promising upside.
Resource Base and Strategic Exploration Shift
The Garibaldi deposit, part of the Hillgrove project, currently hosts a Mineral Resource of approximately 2.7 million tonnes at 6.6 g/t AuEq, containing nearly 400,000 ounces of gold and 19,000 tonnes of antimony. Larvotto’s Managing Director, Ron Heeks, emphasised that while drilling at Eleanora and Golden Gate is nearing completion, the company is already advancing exploration at Metz and Freehold. These new targets aim to balance near-term resource growth with longer-term district-scale potential.
Metz drilling targets the intersection of key mineralised structures, while Freehold lies just 1.2 kilometres east of the Hillgrove processing plant, representing a historically significant zone not yet included in the current resource estimate. This strategic pivot reflects Larvotto’s intent to sustain momentum in resource development as site access at existing prospects becomes limited due to processing plant construction.
Operational and Market Implications
Despite slower-than-anticipated assay turnaround times, the drilling team has made solid progress across multiple zones, confirming Larvotto’s confidence in the Hillgrove project’s resource growth trajectory. The combination of high-grade intercepts and expanding mineralised zones supports the potential for meaningful additions to the company’s resource base, which could enhance project valuation and underpin future development decisions.
As Larvotto transitions its exploration focus, investors will be watching closely for updates on Metz and Freehold drilling results, as well as any resource upgrades that may follow. The company’s balanced approach aims to deliver both immediate resource additions and long-term upside within a prolific mineral district.
Bottom Line?
Larvotto’s latest drilling success at Hillgrove sets the stage for resource growth, but eyes now turn to new targets and timely assay results.
Questions in the middle?
- How will assay delays impact the timing of resource updates and project development?
- What potential resource size and grade might Metz and Freehold deliver compared to Eleanora and Golden Gate?
- Could Golden Gate’s emerging continuity translate into a formal resource estimate soon?