Adavale Identifies 10.65g/t Gold and Expands London-Victoria Corridor with New Licence
Adavale Resources has identified a compelling porphyry target at its Ashes Prospect through integrated geophysical data and expanded tenure near its Parkes Gold-Copper Project. The acquisition of adjacent licences also extends the London-Victoria gold corridor, unlocking fresh exploration opportunities.
- Strong chargeability anomaly at Ashes Prospect confirmed by recent IP survey
- High-grade rock chip assays up to 10.65g/t gold, 1.98% copper, and 158g/t silver
- Acquisition of EL9178 extends London-Victoria gold corridor southwards
- Phase 3 drilling program of 6,000 metres underway to test new targets
- Planned magnetic surveys and structural modelling to refine exploration focus
Expanding the Exploration Footprint
Adavale Resources Limited (ASX:ADD) has taken a significant step forward in its quest to unlock new mineralisation at its Parkes Gold-Copper Project in New South Wales. The company’s recent acquisition of strategic tenure adjacent to its existing licences has enabled a comprehensive reinterpretation of the Ashes Prospect and the southern extensions of the London-Victoria gold corridor.
This expanded landholding now allows Adavale to view historical and recent geophysical data as a continuous system, revealing a strong chargeability anomaly indicative of potential sulphide mineralisation. The anomaly, identified through a detailed induced polarisation (IP) survey, extends beyond previous licence boundaries, providing a fresh lens on the hydrothermal footprint that underpins the prospect.
High-Grade Surface Indicators
Complementing the geophysical data, rock chip samples collected at Ashes have returned impressive grades, including assays of 10.65 grams per tonne gold, 1.98% copper, and 158 grams per tonne silver. These results underscore the prospect’s potential for hosting significant gold-copper-silver mineralisation, consistent with a porphyry-style system.
Adavale’s Managing Director, David Ward, emphasised the value of the expanded tenure, noting that it has materially enhanced the company’s understanding of the mineralised system and strengthened the case for targeted follow-up work. The integration of geophysical, structural, and geochemical datasets is central to refining drill targets and advancing exploration.
Extending the London-Victoria Gold Corridor
Beyond Ashes, the acquisition of exploration licence EL9178 secures ground immediately south of the London-Victoria Gold Mine, a known deposit with a JORC resource of 107,000 ounces. Geological interpretation suggests that the mineralised structural corridor continues along strike into this new tenure, supported by historical workings and favourable geology.
This southern extension presents a logical brownfields growth opportunity, where structural repetition may host additional zones of gold mineralisation. Adavale is poised to systematically test these un-drilled portions, potentially expanding the resource base near its existing operations.
Ongoing and Planned Exploration Activities
Adavale has commenced an expanded Phase 3 drilling program, targeting both the Ashes Prospect and the London-Victoria extensions, with an initial 6,000 metres planned. The program is supported by pXRF-based geochemical logging and ongoing structural mapping to refine geological models and resource estimates.
In parallel, the company is planning further magnetic surveys, both airborne and ground-based, to exploit the positive correlation between magnetic anomalies and gold mineralisation observed in the region. These surveys, scheduled for March 2026, aim to enhance targeting precision and identify new drill-ready prospects.
Adavale’s Executive Chairman and CEO, Allan Ritchie, highlighted the strategic value of consolidating highly prospective ground, which is already unlocking new exploration opportunities and strengthening the company’s pipeline of growth prospects.
Strategic Outlook
The integration of new tenure, advanced geophysical modelling, and high-grade surface sampling positions Adavale Resources to accelerate its exploration momentum in the Lachlan Fold Belt, a region renowned for world-class gold and copper deposits. While no new drill assay results have been released yet, the ongoing programs and planned surveys set the stage for potentially transformative discoveries in the near term.
Bottom Line?
Adavale’s tenure consolidation and integrated exploration approach could redefine the scale of its Parkes Gold-Copper Project, with upcoming drilling and survey results critical to watch.
Questions in the middle?
- Will upcoming drill results confirm the extent and grade of the newly identified porphyry target at Ashes?
- How might the planned magnetic surveys refine the understanding of mineralisation controls along the London-Victoria corridor?
- What are the timelines and capital requirements for advancing these new targets toward resource definition?
