Adavale Resources has secured $5.15m in a strongly supported placement to accelerate drilling and technical work at its London Victoria Gold Mine in NSW.
Managing Director David Ward says Phase 2 drilling at London Victoria has delivered the highest grades to date and confirms the system remains open at depth.
Adavale Resources has completed Phase 2 drilling at its London-Victoria Gold Mine near Parkes, targeting resource growth and structural validation ahead of pending assay results.
Adavale Resources has commenced a high conviction ~2,300m phase 2 drilling program at the London Victoria Gold Mine, targeting extensions beneath the southern portion of the 1.5km pit after delivering the strongest gold intercept at the project in 30 years.