Larvotto Resources (ASX:LRV) expanded the gold reserve estimate at the Clarks Gully deposit within the Hillgrove Project in New South Wales, according to a Tuesday filing with the Australian bourse.
Drilling at the project expanded the current resource of 266,000 tonnes at 3.8% antimony and 2 grams per tonne (g/t) grade of gold, equating to 10.6 g/t of gold equivalent.
The new estimate includes 20 meters at 8.2 g/t of gold equivalent, the filing said.
Initial assay results from the deposit included 7 meters at about 22.3 g/t of gold equivalent, 7 meters at 9.3 g/t of gold equivalent, and 9 meters at about 5.5 g/t of gold equivalent.
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