Adavale gold strikes build London-Victoria resource growth momentum

Adavale Resources has unveiled a series of strong gold hits from ongoing infill drilling at London-Victoria gold mine within its Parkes project in the Lachlan Fold Belt’s Macquarie Arc in NSW.

• Adavale delivers multiple gold intercepts from infill drilling at London-Victoria

• Results highlight potential for resource growth beneath historical open pit

• Drilling ongoing with 2 rigs at site and assays from 20 holes pending

Results from the first six RC holes hint at the potential for resource growth beneath the London-Victoria open pit.

Standout intercepts in the Northern Area include 6m at 2.96g/t Au from 219m including 4m at 4.18g/t and another hole 10m at 2.11g/t from 180m including 7m at 2.86g/t from 172m.

In the Southern Area, drilling returned 31m at 0.91g/t Au from 147m and 8m at 0.89g/t from 130m.

Another hole delivered 9m at 1.03g/t Au from 175, 8m @ 0.97g/t Au from 149m and 4m at 1.21g/t from 140m.

Two drill rigs continue to smash out the metres as part of Adavale’s (ASX:ADD) initial 6000m drilling campaign which has now been extended.

Results from another 20 holes remain pending.

“Initial results from the London-Victoria infill program are revealing a distinct distribution of mineralisation styles, with drilling in the north returning higher-grade intercepts, while the southern area is characterised by broader zones of consistent mineralisation,” noted managing director David Ward.

“This is highly encouraging, as it highlights the potential for a combination of high-grade lodes in the north, alongside bulk-tonnage resource growth in the south.”

“Importantly, both domains remain open and largely untested at depth, positioning the company well to deliver meaningful additions to the existing mineral resource as drilling progresses.”

London-Victoria in focus

Parkes covers about 490km2 across nine exploration licences within the Macquarie Arc, including the historical London-Victoria gold mine.

This renowned metallogenic province hosts numerous Tier-1 operations, including Newmont’s (ASX:NEM) Cadia Ridgway operation where more than 35Moz of gold and 7.9Mt of copper have been delineated.

For now, Adavale has defined a 115,000oz resource at London-Victoria. 

Early results from the current drilling add to significant gold hits from last year’s campaign, where notable strikes included 14m at 2.62g/t Au from 133m, 23m at 1.64g/t from 142m and 28m at 1.53g/t from 137m.

Moving forward

Adavale’s systematic step-out drilling at London-Victoria seeks to upgrade and expand existing mineralisation in support of resource growth.

An updated MRE is expected by mid-2026.

The company also plans to conduct preliminary metallurgical testing to assess recoveries, as well as early-stage technical and economic assessments to evaluate potential development pathways.

High-resolution airborne geophysics to refine structural interpretation, improve targeting accuracy and prioritise follow-up drilling is also on the cards.

In parallel, Adavale is pursuing regional exploration across its Parkes tenure.

Proposed works include geophysical surveys to assist in target generation and surface geochemistry to generate new anomalies and rank drill prospects.

Drill testing of priority greenfield areas is also planned for mid year.