Larvotto Resources Limited Unveils High-Grade Gold & Antimony Drill Results at Hillgrove, Paving the Way for an Updated Resource Estimate and Expansion Prospects
Thursday, June 12, 2025
at
11:10 am
Larvotto Resources Limited reports encouraging high-grade drill results from its Hillgrove Antimony-Gold Project in NSW. New zones and robust gold and antimony deposits underscore promising exploration potential, bolstering updated resource estimates and supporting upcoming mine planning initiatives for future growth.
Larvotto Resources Limited reported encouraging high-grade results from its ongoing diamond drilling program at the Hillgrove Antimony-Gold Project in New South Wales. The drilling, which has now covered around 9,200 meters since December 2024, focused on two main areas—Eleanora-Garibaldi and the newly defined Golden Gate prospect. Highlights include significant intercepts such as 4.1 meters averaging 28.08 g/t AuEq in one hole (including a 0.95-meter section at 111.27 g/t AuEq) and an intercept of 23.4 meters averaging 8.97 g/t AuEq, with a higher-grade 5.1-meter section at 35.42 g/t AuEq. These results complement earlier work that helped extend mineralisation by 120 meters down-dip, and the program has helped delineate new feeder zones that add confidence to the overall block model.
The company outlined the drilling program’s three phases. The first phase confirmed previously underconstrained mineralisation, while the second aimed to obtain representative ore for metallurgical testing and supported ramp-up plans for the on-site processing plant. The ongoing third phase focused on better delineating the high-grade footwall and hanging wall zones and connecting mineralised domains to the main deposit. In addition, preliminary drilling at Golden Gate returned promising results with intercepts of 6 meters at 1.69 g/t AuEq and another hole showing 4 meters at an impressive 19.62 g/t AuEq, indicating potential for further resource expansion in historically mined corridors.
The updated work will feed into a new Mineral Resource Estimate that builds on the existing resource calculation for the Garibaldi deposit, which stands at 2,708 kilotonnes grading 6.6 g/t AuEq, equivalent to roughly 396,000 ounces of gold and 19 kilotonnes of antimony. With four rigs operating on-site and future drilling targeting both the depth extension and lateral continuity of these high-grade zones, Larvotto Resources Limited is positioning itself for accelerated mine planning and mineral processing infrastructure development.
The sentiment surrounding these developments remains cautiously positive. On the bullish side, the consistent and robust drill results—featuring several high-grade intercepts in both established and new targets—offer promise for enhanced resource estimates and future production potential. The strategic use of available drill sites ahead of infrastructure limitations adds a near-term execution advantage. However, risks inherent in exploration remain, including uncertainties in extrapolating drill results to full-scale mining scenarios and dependency on metallurgical testing outcomes. Nonetheless, for beginner traders interested in exploring opportunities in the minerals sector, these advancements reflect positive progress paired with managed exploration risks.