Adavale Resources has reported assay results from 13 additional drillholes at its London-Victoria gold mine, confirming and expanding gold mineralisation beneath the historic open pit. The ongoing drilling program supports a larger mineralised system along the Parkes Thrust corridor, with promising metallurgical testwork and a planned resource update.
- 13 new drillholes confirm and extend gold mineralisation below London-Victoria open pit
- High-grade intercepts include 1m at 10.3g/t Au and 19m at 1.36g/t Au
- Preliminary metallurgical tests show 81-83% gold recovery via cyanide leaching
- Two drilling rigs active; assays from 26 more holes pending
- Mineral Resource update expected by mid-third quarter 2026
Drilling Confirms Deeper Gold Continuity at London-Victoria
Adavale Resources (ASX:ADD) continues to build momentum at its London-Victoria gold mine with assay results from 13 new drillholes, totalling 2,751 metres, reinforcing the presence of gold mineralisation below the historic open pit. The latest results validate the company’s systematic drilling approach, extending the resource and refining geological models across the 1.5-kilometre strike of the deposit.
Notable intercepts include a standout 1 metre at 10.3 grams per tonne (g/t) gold from 35 metres in hole ALRC058, nested within broader mineralised zones, and a 19-metre interval at 1.36 g/t from 149 metres in ALRC059. These findings underscore the continuity of both higher-grade shoots beneath the northern pit and broader, consistent mineralisation trending south.
Parkes Thrust Corridor Emerges as a Belt-Scale Target
The London-Victoria deposit is increasingly interpreted as part of a larger Parkes Thrust-hosted gold corridor, stretching south through Adavale’s recently acquired tenure to the Calarie Mining Licence. This corridor lies within the Lachlan Fold Belt of New South Wales, a Tier-1 mining jurisdiction that hosts world-class operations such as Cadia Ridgeway and Northparkes.
With 14,155 metres drilled to date and assays from 26 additional holes pending, Adavale is steadily densifying its drill coverage to support an updated Mineral Resource Estimate (MRE) targeted for mid-third quarter 2026. This resource growth is a critical step towards advancing the project’s development potential and unlocking value along the belt-scale corridor.
Diamond Drilling and Geological Insights Enhance Confidence
Alongside reverse circulation drilling, Adavale has deployed diamond core rigs to obtain structural data essential for refining the deposit’s geological framework. Two diamond holes have been logged and await assay, with a third underway. This core will underpin more accurate modelling of mineralisation controls and support targeted follow-up drilling of higher-grade shoots.
Further geological review includes reassessment of historical diamond hole AEIDD001, previously only selectively sampled. This re-evaluation aims to clarify the down-dip extent of mineralisation, providing a more comprehensive picture of the deposit’s depth potential.
Encouraging Early Metallurgical Testwork
Preliminary metallurgical sighter tests on three composite samples from London-Victoria indicate promising gold recoveries through conventional cyanide leaching, with 24-hour recoveries ranging from 81% to 83% for higher-grade composites. Reagent consumption was low, suggesting efficient processing potential. These early results set the stage for more comprehensive metallurgical studies using fresh diamond core material to assess variability and optimise recovery.
Broader Exploration and Development Plans
Adavale’s forward program extends beyond London-Victoria, with plans for systematic brownfields drilling, geophysical surveys, and early-stage technical and economic scoping studies. The Calarie Gold Mining Licence will undergo magnetic surveys and detailed target reviews, followed by drilling to test high-grade zones identified by previous operators.
Greenfield exploration across the Parkes Project’s 610 square kilometres includes expanding magnetics and surface geochemistry programs to generate new targets, with first-pass drilling planned to test priority anomalies. This multi-pronged approach aims to leverage the region’s world-class geology and proximity to major mines.
Next Milestones and Market Implications
With assay results from 26 holes awaited and the Mineral Resource update due by mid-third quarter 2026, investors will be watching how these data points shape Adavale’s resource base and project valuation. The combination of strong drill results, positive metallurgical indications, and strategic tenure acquisitions positions the company well within a highly prospective gold-copper belt.
Adavale’s Managing Director David Ward highlighted the drilling’s role in refining geological understanding and unlocking the Parkes Thrust gold corridor, signalling ongoing momentum in what remains a formative phase for the project’s development trajectory.
Bottom Line?
Adavale’s latest drilling and metallurgical results reinforce the potential for resource growth at London-Victoria, setting the stage for a pivotal resource update and advancing its belt-scale Parkes Project ambitions.
Questions in the middle?
- Will upcoming assays from 26 pending drillholes confirm continuity and add high-grade ounces?
- How will detailed metallurgical testing on diamond core influence processing strategies and project economics?
- Can integration of geophysical surveys and structural modelling unlock new high-priority targets along the Parkes Thrust corridor?