Exploration/Development, Gold, News

Striking gold at Australia’s largest antimony deposit

gold, larvotto

Larvotto Resources has struck gold at its Hillgrove gold-antimony project near Armidale in New South Wales.

A roughly 2036m diamond drilling program was completed, designed to extend high-grade mineralisation at the Bakers Creek zone at Hillgrove. Larvotto reported abundant grains of visible native gold identified in quartz-carbonate breccias and quartz-carbonate veins.

“It was pleasing to complete the (drilling) program so quickly and note numerous instances of visible gold across multiple sections of the drill core,” Larvotto managing director Ron Heeks said.

“This suggests the potential to mirror historic high-grade results, such as the 0.45m at 257 grams per tonne gold previously reported at Bakers Creek.”

Assay results from the program are expected in early April. Larvotto is working to deliver an initial ore reserve estimation at Hillgrove in the near term from its significant mineral resources.


Larvotto completed its acquisition of Hillgrove from Trafigura in December, transforming the company from explorer to developer. The project boasts a substantial mineral resource estimate of 1.4 million ounces of gold with a grade of over six grams per tonne.

Apart from high-grade gold, Hillgrove has Australia’s largest deposit of antimony, ranking in the top ten globally.

Antimony holds strategic importance for multiple countries including the United States, EU, China and Australia, particularly in the context of the global energy transition. It is considered a critical mineral in Australia.

Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.

Previous ArticleNext Article
Send this to a friend