Larvotto Resources (ASX:LRV) - Independent Non Executive Chair, Mark Tomlinson
Independent Non Executive Chair, Mark Tomlinson
Source: Larvotto Resources
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  • Larvotto Resources (LRV) is gearing up to begin drilling, geochemistry and geophysics programs at the Mt Isa Copper, Gold and Cobalt Project in Queensland
  • A soil geochemistry program will be undertaken first to enhance the resolution of advanced targest and assess the untested areas of the project
  • The company believes this work will enhance the prospectivity of the area by generating new targets and refining the more advanced anomalies
  • Geophysics is set to begin in February with drilling scheduled shortly after
  • Larvotto is up 8.57 per cent on the market with shares trading at 19 cents

Larvotto Resources (LRV) is gearing up to begin drilling, geochemistry and geophysics programs at the Mt Isa Copper, Gold and Cobalt Project.

The Mt Isa Project lies in northwest Queensland and covers an area of roughly 900 square kilometres.

A soil geochemistry program will be undertaken first to enhance the resolution of advanced targets and assess the untested areas of the project.

Larvotto will also follow up a trench sample of 15 metres at 6.6 per cent copper and 0.64 grams of gold per tonne (g/t) from the Ballara Saddle.

The company believes this work will enhance the prospectivity of the area by generating new targets and refining the more advanced anomalies.

Geophysics is then set to begin in February with drilling scheduled shortly after.

Managing Director Ron Heeks commented on the upcoming programs.

“The geochemistry program is the first step in that process with geophysics and drilling to commence shortly after the geochemistry commences and run concurrently. We have a large project area at Mt Isa to cover and geochemistry is an excellent tool to provide a focus for further work,” Mr Heeks said.

“Recent nearby activities and exploration results from our neighbours also further highlights the potential of iron-oxide copper-gold mineralisation in the region that has not been the focus of previous explorers.

“Assessing this potential will enhance the excellent sulphide anomalies that we already have to follow-up.”

Larvotto was up 8.57 per cent on the market with shares trading at 19 cents at 2:23 pm AEDT.

LRV by the numbers
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