Soil Assay Results show Porphyry Cu-Au Fertility at Ashes

Adavale Resources (ASX: ADD) has announced promising soil assay results from the Ashes-Myalls prospect, indicating potential for gold-rich porphyry Cu-Au deposits. The results suggest similarities to the nearby Northparkes deposits, with high-grade rock chip assays up to 10.65 g/t Au, 2.2% Cu, and 158 g/t Ag. These findings, combined with elevated gold/copper in rock chips and a strong IP anomaly, provide evidence for a mineralized system.<br/><br/>The company is re-evaluating the recent exploration work at Ashes-Myalls, focusing on the wider Ashes area where a strong IP anomaly remains open to the north. Adavale's Executive Chairman, Allan Ritchie, is enthusiastic about the target and the potential for a porphyry related deposit at Ashes.<br/><br/>Further exploration activities are planned, including extending IP surveying, planning for a maiden drilling program, and exploring additional targets at the Parkes Project. The Company's tenements, strategically located in a Tier-1 mining jurisdiction, offer significant potential for gold, copper, uranium, and nickel exploration.<br/><br/>Investors are encouraged to review the full announcement for detailed information. Please feel free to reach out with any questions or inquire about further details. Visit our website or contact us at Investors@adavaleresources.com or +61 2 8003 6733. We look forward to updating you on our progress.