Adavale Resources Limited has today announced the completion of its high-conviction Phase 2 reverse circulation (RC) drilling program at its London-Victoria Gold Mine in the Lachlan Fold Belt of New South Wales, marking a significant step towards potential resource growth and near-term production pathways.
The Phase 2 program comprised 2,411 meters of drilling across 12 holes at the brownfields London-Victoria Mine which has seen an earlier drilling campaign earlier in the year. The drilling was designed to validate structural controls on mineralization and to expand the existing resource base, following encouraging results from the earlier drilling, including hole ALRC014, which intersected 48 meters at 0.82 g/t gold from 133 meters, including 25 meters at 1.2 g/t gold from 144 meters.
Adavale Resources Managing Director, Mr. David Ward, commented: “The Phase 2 drilling program was designed to validate the high-quality technical work completed previously, with the objective of improving our understanding of the structural controls on mineralization as well as adding to the existing MRE. I am satisfied with the operational progress achieved on the ground. The drilling was following up strong results from ALRC014, which intersected 48 m of gold mineralization 100 m below the pit floor. Multiple compelling targets remain untested across a 1.5 km strike length, providing significant scope for follow-up drilling campaigns and further Resource growth. In parallel with work completed at London-Victoria, we have also advanced our Corner and Parkvale South greenfields prospects, consistent with our strategy of maintaining a robust pipeline of gold and copper opportunities.”
Adavale Resources Executive Chairman and CEO, Mr. Allan Ritchie, commented: “We are very pleased to have the depth of experience that David brought to this drilling campaign, which is expected to underpin further gold Resource growth at London-Victoria. As a brownfields asset, and with gold at record highs, we see real potential for a development scenario at the Project. Increasing the scale of the Resource will support the scoping study and metallurgical assessments we have planned for 2026, which will assess pathways to unlock near-term production. We have made a tremendous amount of progress in 2025 and I look forward to an even more successful 2026, beginning with receiving the latest assay results early in the New Year.”
Samples from the program were dispatched to the laboratory in two batches, with assays from the first 10 holes already received by the laboratory last week. Results are expected early in 2026, after which further drilling programs will be planned.
Drill targeting was underpinned by recent structural geological modelling, which has highlighted substantial upside potential at London-Victoria. The modelling suggests mineralization may have fold repeats, remains open at depth and plunges to the south, providing multiple untested targets along a strike length of approximately 1.5 kilometers.
The drilling program was managed by Managing Director David Ward, who has extensive experience in value creation across the Lachlan Fold Belt.