- Larvotto Resources (LRV) to commence an auger soil geochemical sampling program at its Eyre project near Norseman in Western Australia
- The program is targeting two initial lithium targets where historical exploration has identified broad anomalous zones that have never been followed up and refined
- Larvotto is expecting to commence this program earlier this month
- On the market this morning, Larvotto Resources was trading up 25 per cent at 15 cents
Larvotto Resources (LRV) is gearing up to commence an auger soil geochemical sampling program at its Eyre project near Norseman in Western Australia.
The company listed on the ASX last month, raising $6 million at 20 cents per share.
The Eyre program is targeting two initial lithium and base metal targets where historical exploration has identified broad anomalous zones that have never been followed up and refined.
Eyre is a large 600 square kilometre multi-commodity project located just east of Norseman in the Eastern Goldfields. The project is prospective for a wide range of metals including gold, copper, nickel, platinum group elements and lithium.
Managing Director Ron Heeks is looking forward to exploring Eyre this year.
“Geology and geophysics tell us the host rocks for the Liontown lithium resource extend into our ground and we have a robust lithium soil anomaly generated by Anglo Gold and confirmed by us, that is coincident with the extension of the Liontown host rocks into our project area,” he said.
“Around Mt Norcott and within the Jimberlana Dyke we have a copper soil anomaly generated by WMC with a single drill hole in the 1960’s and confirmed by Newmont in the 70’s that has never been followed up. The geochemistry program will lead to future geophysics and drilling to refine both of these anomalies.”
On the market Larvotto Resources was trading up 25 per cent at 15 cents per share at 11.10am AEDT.