Adavale Resources has reported assay results from 14 additional drill holes at its London-Victoria gold mine, further extending gold mineralisation beneath the historic open pit and supporting an upcoming resource update.
- 14 new drill holes extend gold mineralisation beneath London-Victoria open pit
- High-grade intercepts include 7m at 2.42g/t Au and 5m at 1.95g/t Au
- Two rigs remain active with assays pending for 13 more holes
- Resource update expected by mid-third quarter 2026
- Ongoing metallurgical testing and geophysical surveys to support development
Drilling Confirms Deeper Gold Continuity Beneath Historic Pit
Adavale Resources (ASX:ADD) has pushed the boundaries of gold mineralisation at its London-Victoria Gold Mine, with assay results from 14 new reverse circulation holes revealing consistent extensions beneath the 1.5km-long historic open pit. These latest results reinforce the deposit’s potential to grow beyond the existing footprint ahead of an updated Mineral Resource Estimate (MRE) expected by mid-third quarter 2026.
Noteworthy intercepts include 7 metres at 2.42 grams per tonne (g/t) gold from 147 metres in hole ALRC045 and 5 metres at 1.95 g/t Au from 175 metres in ALRC055, highlighting both continuity and pockets of higher-grade mineralisation within a broader gold-bearing shear zone. The drilling continues to define an east-dipping mineralised corridor that remains open at depth, confirming the geological model underpinning the resource expansion.
Resource Growth Anchored by London-Victoria with District-Scale Upside
Managing Director David Ward emphasised the strategic importance of London-Victoria as the core of Adavale’s Parkes Thrust gold system. With 72 reverse circulation holes and 3 diamond holes completed to date, the company is approaching a pivotal phase ahead of the resource update. The mineralised corridor extends beyond London-Victoria, stretching north and south across recently consolidated tenure, including towards the Calarie Mining Licence which already hosts a combined 166,000-ounce gold resource.
This broader corridor is where Adavale sees the potential for district-scale growth, positioning London-Victoria as a foundation for near-mine expansion while exploration continues to target new discoveries along the belt. Two rigs remain active on site, with assays for an additional 13 holes pending and expected in the coming weeks, maintaining a steady flow of data to refine the geological and resource models.
Supporting Studies and Exploration Activities Underway
Alongside drilling, Adavale is advancing metallurgical test work using diamond core samples to better understand gold recovery characteristics and support future development studies. Preliminary cyanide leach tests on RC drill reject composites have shown promising gold recoveries in the 68-83% range, although these remain early-stage results.
The company is also conducting high-resolution airborne geophysical surveys to improve structural interpretations and refine drill targeting. At the Calarie Gold Mining Licence, magnetic surveys and detailed data reviews are planned to guide follow-up drilling of high-grade targets previously identified by OMX. Greenfield exploration across the 610 square kilometre Parkes Project continues with surface geochemistry and geophysical programs extending into newly acquired tenements.
London-Victoria’s Historical and Geological Significance
The London-Victoria deposit, situated near Parkes in central New South Wales, has a mining history dating back to the late 19th century. The recent open pit mined between 1988 and 1996 produced 145,000 ounces at 1.5 g/t Au. Gold mineralisation is structurally controlled along the London-Victoria Fault, with quartz veining and alteration zones within volcanic and volcaniclastic rocks. Current drilling supports a model of mineralisation hosted within a tight antiformal structure, a hypothesis that will be further tested with ongoing structural studies and diamond drilling.
Adavale’s methodical approach, combining systematic drill out with geological logging, metallurgical testing, and geophysics, aims to unlock the full potential of this historically significant gold system. The upcoming resource update will be a key milestone in quantifying the growth achieved so far and setting the stage for future development decisions.
Bottom Line?
Adavale’s steady drilling progress and supportive test work at London-Victoria set the stage for a resource upgrade that could reshape the project’s development trajectory.
Questions in the middle?
- How will pending assay results influence the scale and grade of the upcoming resource update?
- What insights will diamond drilling and structural studies provide on the deposit’s geometry and continuity?
- To what extent can geophysical surveys accelerate discovery along the broader Parkes Thrust corridor?