Larbot resources (ASX:LRV) has reported the final results of its reverse circulation drilling program at the Clarks Gully deposit, part of the company’s Hillgrove gold-antimony project in New South Wales. This result indicates that high-grade intercepts are discovered beyond the current resource boundaries, indicating the potential for resource expansion.

The program, which includes 59 drill holes totaling 4,469 metres, will build on the existing Clarks Gully mineral currently measured at 266,000 tonnes at 10.6g/t gold equivalent (AuEq) containing 3.8% antimony (Sb) and 2.0g/t. The purpose is to reclaim and expand resources. /t Gold (Au).

Significant intercepts from the final batch of assays included:

• CLG124: Includes 22m at 9.87g/t AuEq, 10m at 16.76g/t AuEq, 4m at 28.31g/t AuEq.
• CLG122: Includes 16m at 10.63g/t AuEq, 6m at 17.38g/t AuEq.
• CLG123: 17m at 3.07g/t AuEq, including 3m at 7.02g/t AuEq.

Ron Heeks, managing director of Larbot, said: “In the final results announced today, we have encountered yet another impressive intercept…individual results exceed 10g/t Au and 20% Sb. ” he said. He noted that gold and antimony mineralization at Clarks Gully remains ongoing at depth and to the north, with the plan to incorporate the results into an updated mineral resource estimate in early 2025.

He added that the intercepts indicate a “very extensive, high-grade zone” that will feed into the company’s final feasibility study, which is expected to be completed in the first quarter of 2025.

Yesterday’s stock price rose 15.12% to close at $0.50.