Adavale Resources (ASX:ADD) London–Victoria drill results and metallurgical testwork update

Adavale Resources has reported additional drilling results from its London–Victoria Gold Mine in New South Wales as part of an ongoing resource drillout program.

The Company announced results from 13 reverse circulation drillholes, with drilling designed to support ongoing evaluation of mineralisation beneath the historic open pit and contribute to a future Mineral Resource estimate update.

The announcement covers drillholes ALRC027, ALRC029, ALRC030, ALRC036 to ALRC041, and ALRC054 to ALRC059, representing 2,751m of drilling within a broader program totalling 14,155m completed to date.

A further 26 drillholes have been completed and submitted for laboratory analysis, with results to be reported as they are received.

Highlights

• 13 drillholes reported from London–Victoria resource drillout
• 2,751m of reverse circulation drilling included in this batch
• 14,155m total drilling completed to date
• ALRC029: 4m @ 3.60g/t Au from 190m
• ALRC058: 1m @ 10.3g/t Au within 6m @ 3.22g/t Au from 35m
• ALRC059: 19m @ 1.36g/t Au from 149m
• ALRC056: 47m @ 0.68g/t Au from 121m
• ALRC057: 29m @ 0.64g/t Au from 136m
• Metallurgical sighter testwork: 81% to 83% gold recoveries in 24-hour cyanide leach tests

The Company reported results from multiple drillholes across the program, including ALRC058 which returned several intercepts including 1m @ 10.3g/t Au within 6m @ 3.22g/t Au from 35m, as well as additional intervals including 7m @ 1.18g/t Au and 4m @ 1.41g/t Au.

ALRC056 returned multiple intervals including 4m @ 1.06g/t Au, 6m @ 1.39g/t Au and 3m @ 1.62g/t Au within a broader 47m @ 0.68g/t Au from 121m, while ALRC057 returned 14m @ 0.67g/t Au and 9m @ 0.94g/t Au within a 29m @ 0.64g/t Au interval from 136m.

ALRC029 returned 4m @ 3.60g/t Au from 190m, while ALRC059 returned 19m @ 1.36g/t Au from 149m, including a 9m @ 2.12g/t Au internal interval, with additional intercepts reported across ALRC027, ALRC037, ALRC039 and ALRC041 in the announcement tables.

The announcement also reports preliminary metallurgical sighter testwork completed on three composite samples from London–Victoria.

The Company states that two higher-grade samples returned 24-hour gold recoveries of approximately 81% to 83% under cyanide leach conditions, with reagent consumption reported below 0.55kg/t for NaCN and CaO across all composites tested.

Adavale Managing Director David Ward stated:

“The latest London-Victoria results continue to build confidence in the scale and continuity of gold mineralisation below the historic open pit. Increasing drill density is refining our geological model and improving our understanding of the controls on the higher-grade shoots. With drilling continuing across two rigs and a further 26 holes at the Laboratory, we expect this momentum to continue as we work toward an updated Mineral Resource, a key step in unlocking Adavale’s Parkes Thrust gold corridor.”

The Company confirmed drilling continues with two rigs on site, including reverse circulation and diamond drilling, with the diamond drilling component designed to provide structural information to assist interpretation and support Mineral Resource estimation work.

An updated Mineral Resource estimate is expected to be completed by mid 3Q CY26, with results from ongoing drilling programs to be incorporated into the broader dataset as assays are received and validated.

—

Click here to view the latest ASX news.

Subscribe to The Day’s Play for daily ASX insights and capital markets updates.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.