Larvotto Resources Intersects High-Grade Deposits at New South Wales Project; Shares Up 3%

MT Newswires Live07:47

Larvotto Resources (ASX:LRV) intersected high-grade gold-antimony-tungsten deposits within the Metz Mining Center at its Hillgrove project in New South Wales, according to a Monday filing with the Australian bourse.

Drilling at Blacklode and Midas Gully returned 21 meters at 9.4 grams per tonne (g/t) gold equivalent from 199 meters, including 6.2 meters at 27 g/t AuEq from 208 meters, 20 meters at 6.7 g/t AuEq from 343 meters, including eight meters at 12 g/t AuEq from 343 meters, the filing said.

The company also discovered an unmined high-grade mineralized structure, now named the Echidna Lode, which will be further defined by ongoing drilling, per the filing.

Shares rose 3% in morning trade Monday.

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