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- Larvotto Resources (LRV) sees “excellent” early results from work at the Eyre project in Western Australia’s eastern goldfields
- The company reported “encouraging” nickel and associated base metal results from a recent geochemical soil survey undertaken on the Jimberlana Dyke at the Mt Norcott prospect
- The program delivered a peak soil value of 1673 parts per million (ppm) nickel, which is nearly ten times higher than background levels
- Larvotto says the next step at Eyre will involve defining the length extent of the anomaly and undertaking geophysics to determine the vertical extent
- Larvotto Resources is down 1.82 per cent, trading at 27 cents at 1:23 pm AEST
Larvotto Resources (LRV) has seen “excellent” early results from work at the Eyre project in Western Australia’s eastern goldfields.
The company reported “encouraging” nickel and associated base metal results from a recent geochemical soil survey undertaken on the Jimberlana Dyke at the Mt Norcott prospect, which is found 25 kilometres east of Norseman.
A 2.5-kilometre-long nickel and copper soil anomaly aimed to confirm historical results, which was undertaken when field survey control was not as simple or rigorous as modern methods in the 1970s.
The results were said to both establish and extend the anomaly identified during historical exploration.
Managing Director, Ron Heeks said after being overlooked for a long time, the Norseman area is proving to be highly prospective for a wide variety of metals.
“We are therefore delighted that the first geochemical soil survey undertaken by LRV at Eyre has delivered excellent results,” Mr Heeks said.
“Following up historic work at the project, we have confirmed that the Mt Norcott prospect is anomalous for nickel and copper over a 2.5-kilometre trend that remains open along strike.”
The program delivered a peak soil value of 1673 parts per million (ppm) nickel, which was nearly ten times higher than background levels, therefore warranting follow up drilling.
Larvotto said the next step at Eyre will be defining the length extent of the anomaly and undertaking geophysics to determine the vertical extent.
“With these results as well as the interest in nearby base metal and platinum group element projects, we look forward to announcing further positive results from this poorly explored region of the WA Goldfields as we progress our work programs,” Mr Heeks said.
Larvotto Resources was down 1.82 per cent, trading at 27 cents at 1:23 pm AEST.
