Larvotto Resources completes successful diamond drilling program at Hillgrove Project

Larvotto Resources Limited (ASX: $LRV) has successfully completed its first diamond drilling program at the Hillgrove Gold-Antimony Project in New South Wales. The program, designed to extend high-grade mineralisation at Bakers Creek, identified abundant grains of visible native gold in quartz-carbonate breccias and quartz-carbonate veins. The assay results are expected in early April.

Executive Commentary on Diamond Drilling Program

The diamond drilling program at Bakers Creek was a priority for us, aimed at building on the significant high-grade intercepts from drilling undertaken in 2022. It was pleasing to complete the program quickly and note numerous instances of visible gold across multiple sections of the drill core. This suggests the potential to mirror historic high-grade results, such as the 0.45m @ 257 g/t gold previously reported at Bakers Creek. Identifying visible gold in the deeper part of the Hillgrove system helps confirm that it may be geologically similar to other high-grade gold and antimony systems. We are working towards delivering an initial Ore Reserve Estimation at Hillgrove in the near term from our significant Mineral Resources, especially considering the current record gold price and near record antimony price. We look forward to moving closer to releasing an initial resource for Bakers Creek mineralisation.

Summary of Diamond Drilling Program and Future Plans

Larvotto Resources has successfully completed a diamond drilling program at the Hillgrove Gold-Antimony Project, identifying abundant visible native gold in quartz-carbonate breccias and quartz-carbonate veins. The company is expecting assay results in early April and is working towards delivering an initial Ore Reserve Estimation at Hillgrove in the near term. With the current record gold price and near record antimony price, the company is optimistic about the potential of the project. Larvotto Resources is set to commence a drill program at Clarkes Gully targeting near surface mineralisation, with all results from Bakers Creek and Clarkes Gully to be incorporated into a Mineral Resource Estimate update. The company is also undertaking an Ore Reserve Estimation study, which will be utilized in a Preliminary Feasibility Study currently underway.