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.
Price (AUD): $0.49, Change: $+0.06, Percent Change: +12.79%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.