Larvotto Resources (ASX:LRV) said recent drilling at its Hillgrove antimony-gold project in New South Wales confirmed wide zones of mineralization at the Midas lode, according to a Thursday filing with the Australian bourse.
The drilling results include eight meters at 16.11 grams per tonne grade of gold equivalent, and 29.7 meters at 2.19 g/t gold equivalent, per the filing.
The drilling at Midas is ongoing with two rigs and further supports a preferred exploration target of 3.95 million tonnes at 5.16 g/t gold equivalent, the company said.
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