Larvotto Resources Ltd (ASX:LRV) saw its stock price soar 8.74% during intraday trading on Wednesday.
The surge followed the company's announcement that diamond drilling at the Blacklode prospect within its Hillgrove antimony-gold project in New South Wales has confirmed the continuity of antimony, gold, and tungsten mineralization. The drilling encountered high-grade intercepts, including 1.4 meters at 21.8 grams per tonne gold-equivalent and 31.5 meters at 4.35 g/t gold-equivalent.
These positive results are expected to contribute to a planned resource and reserve upgrade for the Metz Mining Center, boosting investor confidence in the project's potential.
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