What's Happening?
Larvotto Resources has commenced drill testing at the Freehold prospect within the Hillgrove Antimony-Gold Project in New South Wales. This follows the completion of a gradient-array induced polarisation and resistivity survey. The drilling aims to explore geophysical and historical results, with the company identifying strong correlations with historical mineralisation. Larvotto plans to expand its geophysical program and conduct further surveys to model a 3D interpretation of the mineralisation depth.
Why It's Important?
The drilling initiative by Larvotto Resources is significant for the mining industry, as it could lead to the discovery of new mineral deposits, particularly antimony and gold. These minerals are in high demand, and successful exploration could enhance Larvotto's market position and contribute to the supply of these critical resources. The project also reflects the ongoing investment and interest in mineral exploration in Australia, which is a key player in the global mining sector.
What's Next?
Larvotto Resources plans to release more geophysical results and follow-up drill results. The company will continue to expand its geophysical program, including additional surveys over priority targets. These efforts aim to identify new zones of mineralisation, potentially leading to further development and investment in the Hillgrove Project.
