Adavale Resources (ASX:ADD) reports further gold intersections below London-Victoria Open Pit

Adavale Resources has reported further assay results from the London-Victoria Gold Mine in New South Wales, with assays from 11 reverse circulation holes continuing to demonstrate gold mineralisation below the existing 1.5km long open pit.

The drilling forms part of the company’s ongoing resource drillout, adding drill density ahead of the planned Mineral Resource update this quarter.

Highlights

• Assays received from 11 RC holes covering 2,390m of drilling completed at the London-Victoria Gold Mine.

• Results span approximately 700m of the 1.5km open pit strike.

• ALRC070 returned 31m @ 1.29g/t Au from 133m, approximately 16m below the existing pit floor.

• ALRC060 returned 30m @ 0.80g/t Au from 137m, including 7m @ 1.46g/t Au from 158m.

• ALRC061 returned 44m @ 0.62g/t Au from 128m, including 5m @ 1.02g/t Au from 128m.

• Assays for a further 10 drillholes are currently being processed and are expected to be released in the coming weeks.

The latest results are from Adavale’s systematic resource drillout beneath the London Victoria open pit, with the reported holes completed across 6 drill sections spanning approximately 700m of northing and adding drill density through the northern, central and southern parts of the deposit.

ALRC070 returned 31m @ 1.29g/t Au from 133m, with the company noting that the intersection is approximately 16m below the existing pit floor.

Additional results included broad intervals in ALRC060 and ALRC061, along with narrower higher grade intervals in ALRC062 and ALRC068.

The additional drilling is increasing data density below the open pit and will be incorporated into the geological model as part of the planned Mineral Resource update.

Drilling remains active, with further assay results to be reported following receipt, validation and interpretation.

Adavale’s Parkes Project is focused on gold and copper exploration and development in the Lachlan Fold Belt of New South Wales.

The project includes the Calarie Mining Licence, the London-Victoria Mine and 10 additional granted exploration licences covering approximately 610km² across 70km of contiguous strike.

Adavale Managing Director David Ward said the latest results reinforce the findings from the systematic drillout beneath the London-Victoria pit.

“These latest results reinforce what the systematic drillout is showing us, gold mineralisation is consistently developed below the London-Victoria pit across multiple sections. ALRC070’s 31-metre intercept at 1.29 grams per tonne, commencing just 16m below the pit floor, is a strong result in its own right, while the broad intervals in ALRC060 and ALRC061 demonstrate the continuity and scale of the mineralised package.”

The company’s next steps at London-Victoria include continued brownfields drilling, metallurgical testing on core samples, preliminary scoping studies, geophysical surveys and completion of a Mineral Resource update expected by mid 3Q CY26.

With further assays pending, drilling remains active at London-Victoria, with additional results to be reported following receipt, validation and interpretation.