Larvotto Resources finds new high-grade zone at Hillgrove project in NSW
One drill hole cut 20.5 metres at 9.4 grams of gold equivalent per tonne in the Blacklode structure.
Larvotto Resources has reported high-grade drilling results from its Hillgrove project in New South Wales. The company says Hillgrove is set up to supply an estimated 7 per cent of world antimony demand.
One drill hole cut 20.5 metres at 9.4 grams of gold equivalent per tonne in the Blacklode structure. Drilling also found a new, shallow structure called the Echidna Lode, close to the surface.
The Echidna zone holds 11.2 metres at 6.7 grams of gold equivalent per tonne, starting just 63 metres down. The company is close to its first estimate of how much ore is there at Midas Gully.
Lab results for another 17 completed holes are still pending.
- 20.5m at 9.4g/t gold equivalent from 199m
- Blacklode intercept
- Wogen Resources and Glencore
- Offtake partners
Why it mattersThe company says the project would make up over half of critical mineral supply from outside China-controlled fields.
AustraliaThe mine is in New South Wales, where its output is tied to multi-year deals with Glencore and Wogen Resources.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
Open this story in InSnip →
