Adavale Resources has consolidated its Parkes Project footprint with the grant of EL9918 and transfer of EL9178, revealing high-grade gold-copper-silver surface samples that extend mineralisation at the Ashes Prospect. This tenure consolidation unlocks multiple walk-up drill targets across a major gold-copper corridor in NSW's Lachlan Fold Belt.
- EL9918 granted, expanding Ashes Prospect tenure
- EL9178 transfer secures southern London-Victoria corridor
- High-grade surface samples include 9.2g/t Au at Ashes
- Integrated exploration enabled by consolidated tenure
- Planned drilling and geophysical surveys to advance targets
Tenure Consolidation Strengthens Parkes Project Control
Adavale Resources (ASX:ADD) has taken a significant step in consolidating its Parkes Gold-Copper Project in New South Wales with the official grant of exploration licence EL9918 and completion of the transfer of EL9178. These moves secure a continuous belt-scale position along the London-Victoria Gold Corridor, extending from Victoria South through Calarie to the Ashes Prospect.
The newly granted EL9918, formerly ELA7017, finalises Adavale’s control over the broader Ashes Prospect area, while EL9178 acquisition from Alkane Resources brings under direct ownership a highly prospective, yet largely untested, southern extension of the London-Victoria shear zone.
High-Grade Surface Sampling Validates Exploration Potential
Adavale’s Managing Director David Ward emphasised that the 9.2 g/t Au surface result confirms the continuity of high-grade mineralisation into the newly granted EL9918, reinforcing Ashes as a priority exploration target. The presence of porphyry fertility indicators and consistent geophysical anomalies further supports the prospect’s potential.
Strategic Extension of London-Victoria Gold Corridor
The transfer of EL9178 secures approximately 20 square kilometres immediately south of the London-Victoria Gold Mine, which hosts a 115,000-ounce inferred resource. Geological and magnetic data indicate the continuation of the mineralised structural corridor into this area, with historical gold workings such as Blue Reef and Lady Jersey mines attesting to its prospectivity.
Executive Chairman Allan Ritchie described the consolidation as a “real inflection point,” enabling Adavale to advance near-mine resource growth and district-scale discovery opportunities in parallel. The removal of tenure boundaries allows integrated interpretation of geochemical, geophysical, and structural data to refine drill targets along this significant corridor.
Advancing Exploration and Development Activities
Adavale plans systematic drilling programs to test multiple walk-up targets across the consolidated tenure, supported by ongoing geophysical surveys including induced polarisation (IP) and high-resolution magnetics. Metallurgical test work is underway at London-Victoria to assess recoveries, alongside preliminary scoping studies to evaluate development pathways.
At the Calarie Gold Mine, further magnetic surveys and detailed target reviews are planned to complement recent high-grade drill results. These efforts form part of a broader multi-pronged exploration strategy across the Parkes Project’s ~610 square kilometres, which lies within the Tier-1 Lachlan Fold Belt; home to world-class deposits such as Cadia and Northparkes.
While no new drilling results are reported in this announcement, the consolidation of EL9918 and EL9178 materially enhances Adavale’s ability to unlock value across its belt-scale portfolio, positioning the company for potential resource growth and discovery success in a highly sought-after geological setting.
Bottom Line?
Adavale’s tenure consolidation and high-grade surface assays at Ashes set the stage for a pivotal exploration phase, with drill results and resource updates poised to define the project’s next chapter.
Questions in the middle?
- Will upcoming drilling confirm the extent and continuity of high-grade mineralisation at Ashes?
- How will integrated geophysical and geochemical data refine targeting along the extended London-Victoria corridor?
- What impact will metallurgical test results have on the economic viability of near-mine resources?