Adavale Resources (ASX: ADD) Hits 19m at 4.0g/t Beyond Resource

Adavale Resources has intersected high-grade gold beyond the existing resource envelope at its London-Victoria mine in New South Wales.

Hole ALRC076 returned 19 metres at 4.00 grams per tonne gold from 148 metres. That interval included four metres at 15.02 grams per tonne from 162 metres. It also contained one metre at 52.6 grams per tonne from 164 metres.

The result came from five holes covering 1,156 metres. The batch comprised four reverse-circulation holes and the program’s first diamond hole.

Outside the Current Estimate

The standout intersection sits well outside the modelled limits of London-Victoria’s current Mineral Resource Estimate. That resource contains 3.8 million tonnes at 0.95 grams per tonne for 115,000 ounces of gold.

Crucially, the estimate relies entirely on historical drilling. It excludes all 85 holes completed by Adavale since the company acquired the project.

This distinction means the latest intersection cannot yet be treated as part of the resource. However, its position provides new geological data beyond the area covered by the existing estimate.

Managing Director David Ward said: “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.”

Broad Mineralisation Adds Support

Adjacent hole ALRC077 returned 29 metres at 0.90 grams per tonne from 147 metres. That included five metres at 1.24 grams per tonne and nine metres at 1.43 grams per tonne.

Around 50 metres north, ALRC078 intersected 50 metres at 0.58 grams per tonne from 119 metres. The interval included 15 metres at 0.93 grams per tonne from 153 metres.

Within that section, seven metres graded 1.19 grams per tonne from 160 metres. ALRC079 also produced several zones, including 14 metres at 0.83 grams per tonne from 115 metres.

A second ALRC079 interval returned 20 metres at 0.56 grams per tonne from 142 metres. All four reverse-circulation holes in the latest batch encountered reportable gold mineralisation.

The drilling was designed to test grade and continuity beneath and beyond the historical 1.5-kilometre open pit. Adavale interprets the reported intersections as close to true width.

Resource Update Nears

Assays have now been received for 80 of Adavale’s 85 completed holes. Results remain outstanding for three reverse-circulation holes and two diamond holes.

Once those assays are received and validated, the expanded dataset will feed into a revised geological interpretation and resource model. Adavale is targeting completion of the updated estimate during the third quarter of calendar 2026.

The company has also completed its systematic brownfields drill-out at London-Victoria. Planned work includes metallurgical testing on core, preliminary scoping studies and high-resolution airborne geophysics.