Adavale Resources Limited has intersected 19 metres grading 4.0 grams per tonne gold from 148 metres, including a 1-metre interval at 52.6 grams per tonne gold, at the London-Victoria gold project in New South Wales.

The latest assay batch covers five drillholes totaling 1,156 metres, comprising four reverse circulation holes and one diamond drillhole. The standout intercept in hole ALRC076 lies well outside the modelled limits of the existing Mineral Resource Estimate and confirms that high-grade mineralisation continues at depth and along strike from the 1.5-kilometre-long open pit.

Adjacent hole ALRC077 returned 29 metres at 0.90 grams per tonne gold from 147 metres, while hole ALRC078, located approximately 50 metres to the north, intersected 50 metres at 0.58 grams per tonne gold from 119 metres.

Adavale has now received assay results for 80 of the 85 completed resource drillholes at the project. The existing Mineral Resource Estimate of 3.8 million tonnes at 0.95 grams per tonne gold for 115,000 ounces is based entirely on historical drilling and does not incorporate any of the drilling completed by Adavale.

The London-Victoria mineralised corridor extends southward toward the Calarie Mining Licence, hosting a combined 166,000-ounce gold mineral resource across the broader Parkes project.

“This is an exceptional result for London-Victoria. A broad intersection of 19m @ 4.00g/t Au, including 4m @ 15.02g/t Au, is significant in its own right, and its location well outside the existing Mineral Resource envelope makes it particularly important.”

“The current 115koz Mineral Resource Estimate is based entirely on historical drilling and contains none of the 85 drillholes now completed by Adavale. With assay results from only five holes remaining from the current resource drilling program, we are approaching the point where this substantially expanded dataset can be incorporated into an updated geological model and Mineral Resource Estimate.”

— David Ward, Managing Director

Assays for the remaining five completed drillholes at the London-Victoria Gold Mine are currently being processed and are expected to be released in the coming weeks. Adavale expects to complete an update to the Mineral Resource Estimate for the project by Q3 of CY26.

Read the full announcement: Exceptional 19m @ 4.0g/t Au Extends London-Vic Gold Resource