Larvotto Resources (ASX:LRV) hit gold equivalent mineralization based on the results of the last five holes drilled for a recent program at the Clarks Gully area within the Hillgrove project in New South Wales, according to a Tuesday filing with the Australian bourse.

The reverse circulation drill program yielded up to 22 meters at about 9.9 gold equivalent, including 4 meters at 28.3 g/t gold equivalent, the filing said.

Shares of Larvotto Resources rallied nearly 13% in recent Tuesday trade.

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