Adavale Resources is ramping up its drilling campaign at the London-Victoria Gold Mine, aiming to grow its existing 115,000oz gold resource with a second drill rig and expanded geophysical surveys.
- Expansion and acceleration of 6,000m RC drilling program at London-Victoria
- Second drill rig secured to support continuous, model-driven resource growth
- Existing 115,000oz JORC Mineral Resource targeted for extension along strike and at depth
- Drone magnetic survey footprint enlarged to refine exploration targets
- Assay results expected from April, with ongoing updates planned
Building Momentum at London-Victoria
Adavale Resources Limited (ASX:ADD) is accelerating its exploration efforts at the London-Victoria Gold Mine, part of the broader Parkes Gold-Copper Project in New South Wales. The company has expanded its initial 6,000-metre reverse circulation (RC) drilling program, securing a second drill rig to maintain a steady and continuous pace of drilling. This move underscores Adavale’s confidence in the potential to grow the existing 115,000-ounce JORC-compliant gold resource.
Managing Director David Ward highlighted that the drilling program is transitioning into a more systematic, model-driven phase. By leveraging an expanding geological dataset, the company aims to target extensions of mineralisation both along strike and at depth, beyond the shallow zones currently defined.
Expanding Exploration Horizons
Beyond drilling, Adavale is broadening its geophysical footprint with an enlarged drone magnetic survey over the London-Victoria area and surrounds. This high-resolution survey is designed to refine structural interpretations and improve targeting accuracy. Concurrently, further ground magnetics and soil sampling programs are being planned at the Ashes Prospect, a nearby target area recently bolstered by new tenure acquisitions from Alkane Resources.
One particularly promising target is the Victoria South Prospect, located directly along strike to the south of London-Victoria. Early indications suggest this area could represent a shallow, unmined extension of the existing mineralised system. Historical data reviews and soil sampling have revealed a coherent gold anomaly, reinforcing the prospect’s potential as a near-mine growth opportunity.
Strategic Positioning in a Tier-1 Jurisdiction
The Parkes Project sits within the Macquarie Arc of the Lachlan Fold Belt, a globally recognised Tier-1 mining jurisdiction that hosts major operations such as Cadia Ridgeway and Northparkes. Adavale’s landholding covers nearly 490 square kilometres of highly prospective ground, positioning the company well to leverage both brownfields and greenfields exploration opportunities.
Executive Chairman Allan Ritchie emphasised the company’s strategy of combining high-quality brownfields assets with disciplined, data-driven exploration to unlock scale. The ongoing drilling success and expanding geophysical programs are expected to deliver sustained news flow and value growth for investors.
Looking Ahead
Assay results from the current drilling phase are anticipated starting in April, with continuous updates planned as data comes in. Alongside metallurgical testing and preliminary scoping studies, these results will be critical in shaping future development pathways for the project. Adavale’s systematic approach and strong funding position suggest it is well placed to capitalise on the emerging opportunities within the Parkes Gold-Copper Project.
Bottom Line?
As drilling accelerates and new data emerges, Adavale’s Parkes project could soon redefine its resource potential and market standing.
Questions in the middle?
- How will upcoming assay results influence the timing of a resource upgrade or development decision?
- What are the implications of the Victoria South Prospect’s potential extension for near-term resource growth?
- How might expanded geophysical surveys at Ashes and other regional targets translate into new discoveries?