Larvotto’s gold project may be larger than expected

Larvotto Resources has revealed extensive exploration upside at its Hillgrove gold project in NSW.

The company has announced an exploration target of 2.8–3.6 million tonnes grading at 7.4–9.46 grams per tonne (g/t) of gold equivalent (AuEq). This equates to roughly 670,000–1.08 million ounces AuEq.

The exploration target for Hillgrove is confined to potential mineralisation located directly below areas of the current resources, which are themselves below historic workings that have a known production history.

The target is based on the following assumptions:

• continuity of mineralisation at the Eleanora-Garibaldi exploration target to a depth of 800m below surface, as exists at the Bracken Spur deposit
• continuity of mineralisation at the Metz exploration target to a depth of 1,000m below surface, as exists at the Syndicate deposit
• application of standard industry estimation methodologies
• extensive historical mining and exploration information.

While the exploration target is only an approximation, it will be used as a guide to target ongoing exploration works.

Larvotto managing director Ron Heeks said the delineated target was an excellent result.

“Our ongoing evaluation of the extensive Hillgrove landholding continues to demonstrate the exploration upside which exists at this exceptional project,” he said.

“For this exercise, Larvotto has simply extended the known mineralisation of the several previously mined zones to the depth of the deepest resource in the field using historical mining and resources numbers to achieve the initial Hillgrove exploration target.”