Larvotto Resources reveals promising drilling outcomes

Larvotto Resources (ASX:LRV) has announced promising outcomes from the final reverse circulation drill holes at Clarks Gully, part of their Hillgrove Project in New South Wales. The results highlight significant gold and antimony mineralization, supporting previous findings and suggesting an extension of the deposit.

Larvotto Resources' strategic outlook

The recent drill results from Clarks Gully at the Hillgrove Project reveal significant gold and antimony mineralization, suggesting the deposit extends beyond the current resource both along the strike and at depth. An updated Mineral Resource Estimate is expected to commence in early 2025. Larvotto plans to expand drilling operations from two to five diamond rigs by 2025, focusing on both surface and underground extensions. Supported by a $30 million capital raise, these efforts are part of a broader strategy to grow their resource inventory, with the Clarks Gully deposit contributing significantly to the company's portfolio. The high-grade antimony content is particularly notable, making up more than 10% of the yearly antimony supply.

Executive insights on Clarks Gully findings

These results confirm the continuation of high-grade mineralization at Clarks Gully. The mineralization is not only open at depth but also extends along the northern strike. This supports our belief in the potential for further resource expansion.