22.2g/t Gold Rock Chip Spurs Adavale’s Parkes Project Drilling Plans
Adavale Resources has reported a standout 22.2g/t gold assay from rock chip sampling at its newly defined Parkvale South prospect within the Parkes Project in NSW, highlighting a promising exploration advance ahead of planned drilling.
- 22.2g/t gold assay from Parkvale South rock chip sample
- Parkvale South shares geological traits with Alkane’s Tomingley Mine
- Historic Welcome Mine samples returned up to 1.61g/t gold
- Maiden drilling campaign scheduled for Q2 2025
- Parkes Project located near major gold-copper mines in Lachlan Fold Belt
High-Grade Discovery at Parkvale South
Adavale Resources Limited (ASX:ADD) has announced a significant gold assay result from reconnaissance rock chip sampling at its Parkvale South prospect, part of the broader Parkes Project in New South Wales. The standout sample returned an impressive 22.2 grams per tonne (g/t) gold, marking Parkvale South as a newly defined and priority target for the company.
This high-grade result is particularly notable given the prospect’s geological setting, which bears strong similarities to Alkane Resources’ nearby Tomingley Mine, a well-established operation with a 1.5 million tonne gold resource. The Parkvale South area lies within a structurally complex zone characterized by probable magnetite destruction, a feature often associated with orogenic gold mineralisation.
Historic Context and Complementary Targets
Alongside Parkvale South, Adavale’s sampling at the historic Welcome Mine site returned gold assays up to 1.61g/t. The Welcome Mine, located just 5km from Parkes township, is an old underground mine with reported average head grades of 11g/t gold but remains untested by modern drilling methods for strike or depth extensions. These findings underscore the potential for multiple targets within the Parkes Project area.
Strategic Exploration Plans
Adavale is advancing its exploration program with plans for a comprehensive soil geochemistry grid at Parkvale South in the second quarter of 2025. This will be followed by detailed geophysical surveys, including magnetics and induced polarization (IP), aimed at refining drill targets. The company anticipates commencing its maiden drilling campaign at Parkes in Q2 2025, leveraging the new data to test these promising prospects.
The Parkes Project itself is strategically situated within the Lachlan Fold Belt’s Macquarie Arc, a Tier-1 mining jurisdiction known for hosting world-class gold and copper mines such as Cadia Ridgeway and Northparkes. Adavale holds a 72.5% interest in the project, which spans over 350 square kilometers and includes several granted exploration licenses.
Looking Ahead
With the recent rock chip results validating the geological potential of Parkvale South and ongoing work at multiple prospects, Adavale is positioning itself for a potentially transformative phase of exploration. The company’s methodical approach, combining historical data with modern geochemical and geophysical techniques, aims to unlock new resources in a highly prospective region.
Bottom Line?
Adavale’s high-grade discovery at Parkvale South sets an exciting precedent as it prepares for its first drilling campaign in a prolific gold region.
Questions in the middle?
- Will the upcoming drilling confirm continuity and scale of the high-grade gold at Parkvale South?
- How might the Parkvale South prospect compare economically to Alkane’s Tomingley Mine if resources are confirmed?
- What additional targets within the Parkes Project could emerge from ongoing geochemical and geophysical surveys?
