Hillgrove gets US backing

The Hillgrove gold-antimony project in NSW has received the endorsement of the US Department of Defense, with Larvotto Resources being accepted into the Defense Industrial Base Consortium (DIBC).

Antimony produced from the project could support many defense applications in the US, including ammunition, nuclear weapons and night-vision goggles.

The DIBC enables rapid research, access to commercial solutions for defense requirements, and innovations from industry, academia, and non-traditional contractors.

By being accepted into the initiative, Larvotto will have access to a database which could spur collaborations with other members.

“We are delighted to be accepted into the DIBC, which reflects the global significance of our Hillgrove antimony-gold project as it moves towards production,” Larvotto managing director Ron Heeks said.

“With an anticipated production of seven per cent of the world’s antimony supply, Hillgrove is poised to play a strategic role in addressing the critical minerals needs of the global market.

“Our membership in the DIBC will provide the opportunity to form valuable connections and partnerships, ensuring Hillgrove’s strategic value is recognised.”

Larvotto commenced a new drilling program at Hillgrove in October, where the company is targeting the Garibaldi and Bakers Creek prospects.

“Planned drill programs will follow up on the significant drilling successes from earlier this year,” Heeks said.

“The drilling at Garibaldi is targeting the infill and extension of the existing JORC 2012 resource estimate of 2.346 million tonnes at 6.6g/t AuEq (gold-equivalent) by focusing on high-grade gold-antimony mineralisation.

“The Bakers Creek drilling is particularly interesting with several distinct mineralised zones identified and targeted in this drilling program. Just one of these zones produced the remarkable drill result from BKC015 which returned 31m at 65.8g/t Au from 244m.”