Adavale Resources Limited has commenced high-conviction Phase 2 drilling at its London-Victoria Gold Mine, a key site within the Company’s Parkes Gold-Copper Project in the Lachlan Fold Belt of New South Wales.
Phase 2 comprises an approximately 10-hole, ~2,300 m reverse circulation (RC) drilling program designed to test a series of growth targets in the southern portion of the 1.5 km-long open pit at the site. The program is targeting extensions to gold mineralization beneath the existing pit (below the pit floor in particular) in support of potential resource growth beyond the currently defined Mineral Resource Estimate.
The drilling follows Adavale’s maiden drilling program, which delivered the strongest gold intercept reported at London-Victoria in 30 years, including:
Adavale Resources Managing Director, Mr. David Ward, commented: “It was incredibly satisfying when the structural geology model results correlated with the strong gold results from the first phase of drilling. The geological understanding of the deposit is building at every turn, the hard work, persistence and detailed technical effort from the entire Adavale team continues to deliver. My focus now shifts to on-ground execution, to ensure each hole drillhole gives London–Victoria the opportunity to demonstrate what we believe it is capable of delivering.”
Adavale Resources Executive Chairman and CEO, Mr. Allan Ritchie, commented: “This drilling program is the most technically informed Adavale has undertaken at London–Victoria to date. Structural mapping shows that gold mineralization extends over 1.5 km of strike and is controlled by a major east-dipping shear and associated anticline. Importantly, the folded and stacked sequence is interpreted to repeat in parallel at depth and plunge to the south, materially increasing the scale and growth potential of the system. We are now entering the phase where the true scale of London–Victoria can be tested and we look forward to reporting further progress as soon as results come to hand.”
The Phase 2 program has been informed by a recently completed 3D structural geology model and a structural study completed by independent structural geologist Ian E. Neilson MSc RP Geo.
Structural mapping indicates gold mineralization extends over 1.5 km of strike and is controlled by a major east-dipping shear and associated anticline, with Adavale interpreting the folded and stacked sequence may repeat in parallel at depth and plunge to the south, which supports the scale and growth potential of the system.
The drilling program is being directly led and overseen on site by Adavale’s recently appointed Managing Director, David Ward, who has 30 years of experience and a track record of discovery across the Lachlan Fold Belt. The drilling campaign is scheduled to continue until 18 December 2025, with assays expected in January/February 2026. Adavale will consider commencing Phase 3 drilling, subject to results of the campaign.