Adavale Resources Limited has intersected 31m at 1.29g/t gold from 133m in hole ALRC070 at its London-Victoria Gold Mine in New South Wales. This result, located just 16m below the existing pit floor, is part of a batch of 11 reverse circulation holes totaling 2,390m that continue to define the mineralised shear zone across a 1.5km strike.

The drilling is designed to increase density across the deposit, specifically targeting shallow intervals directly beneath the historical pit. Adavale is prioritising these shallow zones for their potential to provide early plant feed for a future pit cutback.

“These latest results reinforce what the systematic drillout is showing us, gold mineralisation is consistently developed below the London-Victoria pit across multiple sections.”

“Importantly, this is not dependent on a single standout hole. The repeated intersections across the whole 1.5km strike of the open pit are increasing drill density and strengthening our geological interpretation ahead of the planned Mineral Resource update.”

— David Ward, Managing Director

Other notable intercepts from the recent program include 30m at 0.80g/t gold from 137m, including a 7m segment at 1.46g/t, and 44m at 0.62g/t gold from 128m. These results are currently being incorporated into the company’s geological model, with an updated Mineral Resource Estimate expected by the middle of the third quarter of 2026. Assay results for another 10 drillholes remain pending and are expected in the coming weeks.

Beyond the ongoing resource drilling, Adavale is progressing technical and economic assessments, including metallurgical test work and scoping studies, to evaluate development pathways for the project.

The company is also applying structural and magnetic insights gained at London-Victoria to refine exploration targets at the secondary Calarie Gold Mine. At its broader Parkes project, Adavale is continuing greenfield discovery work, employing soil sampling and geophysical surveys across recently acquired exploration tenure to identify new drill targets.

Read the full announcement: 31m @ 1.29g/t Au Confirms Continuity at London-Victoria