| Announcement Date: | 2023-03-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Larvotto Resources Ltd. |
| Project name: | Erye |
| Location: | Australia |
| Commodities: | Rare Earth |
| Highlight: | Drilling results incl. 6m at 3466.00ppm RE from 18m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Larvotto Resources Limited (ASX: LRV, Germany: K6X, ‘Larvotto’ or ‘the Company’) today announced maiden total rare earth element oxide (TREO) results from aircore drilling at its Merivale South prospect in Western Australia. Merivale South lies within the Company’s 100%-owned Eyre Project, located 40km east of Norseman within the Albany–Fraser Range sequence of rocks, known for its rare earth mineralisation. Initial drill results have produced very encouraging results, with multiple wide, near surface intersections of TREO. It is expected that the mineralisation is hosted within ionic clays, making them suitable for simple, cost-effective extraction. Samples are predominantly six metre field composites, unless the hole was stopped at drilling refusal. Maximum values of up to 3,466ppm TREO over six metres were recorded. |
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