Larvotto Resources Limited (ASX: LRV) has obtained promising early results from a soil and rock chip geochemical programme at the company’s Mt Isa Copper, Gold and Cobalt Project in Queensland.
“The results from our ongoing Mt Isa geochemical programme truly speak for themselves, particularly given we are only part way into this programme and have already identified multiple new targets,” Managing Director, Ron Heeks, said.
“The majority of the prospects investigated have had no second stage exploration or drilling. Following the extensive sampling and prioritization of the prospects we have carried out during this quarter, the second half of the year is shaping up to be very busy with drilling programs planned across multiple prospects. We look forward to keeping the market updated as we progress.”
Larvotto Exploration 2023
Regional and infill geochemical soil sampling using SciAps Portable Xray Fluorescence (pXRF) analysis has been carried out, with approximately 2,200 samples collected and analyzed to date.
Larvotto is currently conducting rock chip sampling and geological investigation of both historical prospects and newly interpreted targets. This has further highlighted the high prospectivity of the 900sq. km Mt Isa Project
Geochemical soil sampling is also currently underway at the North Winston Churchill, Blue Star and Bass North Prospects, with further soil sampling programmes to be initiated.
High level Cu and Au mineralization analyzed at numerous prospects delivered multiple high grade rock chip values. The highest result being 42.9% Cu recorded at Ballara Saddle which confirms previous trench samples taken from the area of:
• 10m @5.60% Cu, 0.34g/t Au
• 15m @6.60% Cu, 0.64g/t Au
• 30m @1.12% Cu, 0.24g/t Au
A further nine prospects delivered rock chip samples with over 5% Cu.
Final logging and sampling results from the 2022 drill programme have identified and confirmed the style of mineralization at the Gospel prospect with intercepts of:
• GSH01: 28m @0.54% Cu from 4m downhole, including 4.0m @1.43% Cu from 12m downhole
• GSH02: 16m @0.62% Cu from 244m downhole, including 8.0m @1.06% Cu from 248m downhole
The drilling was cut short by heavy rainfall and not all holes planned were drilled. The results to date have however, confirmed the geophysical targets and the prospectivity of the area and further drilling is currently being planned to further delineate the zones of significant mineralization.
Preparations for drilling at priority prospect Yamamilla, are now underway.
Future Work Planned
• IP geophysical surveys at Yamamilla, Ballara Saddle and Bass North
• Drilling of the Yamamilla, Gospel/Blue Star, Ballara Saddle and newly identified prospects are planned for the July quarter
• Continuation of the regional soil sampling and geological mapping programme.
For further information please visit: https://www.larvottoresources.com/
