Larvotto Resources Ltd (ASX:LRV) saw its shares surge 6.72% intraday on Monday following positive drilling results at its Hillgrove project in New South Wales. The company reported wide, consistent zones of antimony and gold mineralization at the Metz Mining Center, including high-grade, near-surface findings.
The drilling at the Blacklode prospect revealed significant intercepts, such as six meters at 8.5 grams per tonne grade of gold equivalent, along with tungsten mineralization associated with antimony-gold lodes. These results are expected to contribute to resource and reserve upgrades later this year, boosting investor confidence in the company's growth potential.