Larvotto extends NSW high-grade gold-antimony system at Hillgrove

Detailed summary

Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.

Larvotto Resources has delivered a volley of high-grade gold-antimony-tungsten results from its Freehold prospect, part of the company’s fully-owned Hillgrove antimony-gold project, near Armidale in New South Wales.

Final assays from the remaining 15 holes of the 31-hole, 7893-metre diamond drilling campaign have extended the mineralised system to 700 metres of strike – more than double the extent of historical mining.

The program returned a standout intersection 0f 10m grading 9.61 grams per tonne gold equivalent from 526m depth at the southern extent of Larvotto’s drilling at the prospect, including a richer four-metre run at the top of the main intercept which averaged 19.91 grams per tonne gold equivalent.

The latest drilling at Freehold has firmed up the prospect’s potential, with the mineralised system remaining open to the south and at depth.

Another impressive shallow hit returned 9m at 8.05g/t gold equivalent from 105m, including 4.4m at 13.53g/t gold equivalent from 109m. Other notable results include 2.4m at 10.37g/t gold equivalent from 146.7m, containing a bonanza 0.4-metre section at 53.99g/t gold equivalent from 148.7m downhole. Another hole returned 2.1m at 12.19g/t gold equivalent from 112m.

Larvotto Resources managing director Ron Heeks said: “The completed Freehold program has substantially advanced our understanding of this historically important mining centre. Drilling has extended mineralisation beyond the known workings, confirmed multiple gold-antimony-tungsten lodes and defined the system over more than 700 metres of strike. The standout intersection in FRE042 demonstrates the potential for high-grade shoots to continue down-plunge within the broader Freehold structure.”

The drilling has confirmed multiple steeply dipping, northwest-trending structures hosting the high-grade mineralisation, indicating the historic workings tapped only part of a much broader system.

Adding another gem to Freehold’s appeal is the persistent occurrence of tungsten…

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Opening of the article, excerpted from The Sydney Morning Herald. To read the rest, open the article on the publisher's site.