Adavale Extends Gold Mineralisation Across 1.5km at London-Victoria with Shallow High-Grade Hits
Adavale Resources has reinforced the continuity of gold mineralisation beneath its London-Victoria open pit, reporting significant drill intercepts including 31m at 1.29g/t Au just 16m below the pit floor, underpinning near-term production prospects and a forthcoming resource update.
- Consistent gold mineralisation confirmed across 1.5km strike
- Notable shallow intercept: 31m at 1.29g/t Au from 133m
- Drill density increased ahead of Mineral Resource update
- Ongoing metallurgical testing and preliminary scoping studies
- Regional exploration and geophysical surveys advancing
Shallow Gold Intercept Highlights Near-Term Production Potential
Adavale Resources (ASX:ADD) has delivered another strong batch of assay results from its London-Victoria Gold Mine in New South Wales, confirming consistent gold mineralisation extending beneath the existing 1.5-kilometre open pit. The standout intercept came from drill hole ALRC070, which returned 31 metres at 1.29 grams per tonne gold starting just 16 metres below the pit floor, signalling a potential source of near-term production feed as mining operations advance.
Broad Zones of Mineralisation Reinforce Geological Continuity
The latest results from 11 reverse circulation holes totalling 2,390 metres add valuable drill density across approximately 700 metres of the open pit strike. Other significant intercepts include 30 metres at 0.80g/t Au from ALRC060 and 44 metres at 0.62g/t Au from ALRC061, with higher-grade narrower zones such as 5 metres at 1.99g/t Au from ALRC062 and 3 metres at 3.52g/t Au from ALRC068. These multiple intersections across spaced sections underpin a geological interpretation of a persistent, structurally controlled mineralised package rather than reliance on isolated high-grade hits.
Resource Update and Development Studies in Progress
Adavale is actively incorporating this new drilling data into its geological model ahead of a Mineral Resource update expected by mid-third quarter 2026. Managing Director David Ward emphasised the importance of the results, noting that the consistent mineralisation beneath the pit strengthens the foundation for resource growth and future mine planning. Complementing the drill program, the company is advancing metallurgical testwork to assess gold recoveries and conducting preliminary scoping studies to evaluate development pathways for the project.
Expanding Exploration Across Parkes Project
Beyond London-Victoria, Adavale is progressing follow-up work at the Calarie Gold Mining Licence, including magnetic surveys and targeted drilling of high-grade zones identified by previous operator OMX. Regional greenfields exploration at the broader Parkes Project is also underway, with geophysical surveys and surface geochemistry extending into newly acquired tenements to generate fresh drill targets. This strategic expansion aims to leverage the project's location within the Lachlan Fold Belt, a Tier-1 jurisdiction hosting major operations such as Cadia Ridgeway and Northparkes.
Technical Rigor and Historical Context
The drilling program employs industry-standard reverse circulation methods with rigorous sampling and assay protocols, ensuring data quality and representivity. The London-Victoria deposit has a historical footprint dating back to the late 19th century, with previous mining by BHP and Hargraves Resources producing 145,000 ounces at 1.5g/t Au until the mid-1990s. Adavale’s current work builds on this legacy with modern exploration techniques and a systematic resource drillout.
Bottom Line?
The shallow, consistent gold mineralisation beneath London-Victoria opens a tangible pathway to near-term production, while ongoing drilling and regional exploration position Adavale for resource growth and project advancement.
Questions in the middle?
- Will forthcoming assay results confirm and extend the current mineralised trends beneath London-Victoria?
- How will metallurgical variability across the deposit influence processing strategies and recoveries?
- Can regional exploration at Parkes unlock new discoveries that materially expand Adavale's resource base?
