London Victoria proves open and wide as Adavale drills strongest gold intercept in 30 years

• Adavale’s maiden drilling returns the strongest gold result received in more than 30 years at London Victoria 
• The company remains on track to receive survey results from the Ashes prospect in the coming weeks 
• These results will guide future exploration at the copper-gold prospect 

Special Report: Adavale’s maiden drilling at the London Victoria gold mine has delivered the project’s strongest gold hit in three decades, with hole ALRC014 returning 48m grading 0.82g/t Au. 

Within the widest intercept to date, standout intervals included 25m at 1.17g/t Au from 144m and 11m at 1.42g/t gold from 158m, confirming consistent mineralisation across the broader Parkes gold-copper project in theLachlan Fold Belt of NSW. 

Importantly, the results extend well beyond the 3.14Mt at 1.06g/t or 107,000oz contained gold resource, showing the deposit remains open at depth and along strike, underlining strong potential for resource expansion. 

A specialist structural geology team is now on site at London Victoria, kicking off detailed mapping to test and refine a possible doubly plunging anticline model.

At the same time, planning is underway for a magnetic survey aimed at sharpening up the definition of magnetic lows linked to the gold-bearing zones in the andesitic volcanics.

Meanwhile, second phase drilling is on the drawing board, with follow-up holes set to chase extensions beneath the existing pits and along strike, targeting meaningful resource growth well beyond the current footprint.

Strong grades and room to grow 

Adavale Resources (ASX:ADD) executive chairman and CEO Allan Ritchie said the company was greatly encouraged by results from its maiden drilling at London Victoria. 

“These results not only demonstrate consistent and significant grades and widths, and also highlight the clear potential to expand the resource well beyond the current JORC resource,” he said. 

“With all results now in from the initial drilling program Adavale have further reinforced their confidence on the potential for small scale mining at the London Victoria Mine.

“In intersecting 25m at 1.17g/t gold below the known resource and extending mineralisation 100m further below the current pit floor, this serves to highlight the untapped potential of the project.” 

Gearing up for Phase 2

Ritchie said the structural interpretation and upcoming magnetic survey results would play a key role in shaping the company’s phase 2 drilling program, which is expected to wrap up in Q4. 

He added that an updated JORC resource would follow, with the focus at London Victoria in 2026 shifting toward scoping studies and metallurgical testwork.

At the same time, he noted that results from the recently extended IP survey at Ashes were due in the coming weeks, which would help steer future exploration at the copper-gold prospect.

With gold prices continuing to hit record highs, Ritchie said Adavale was well-positioned for a strong finish to 2025, with multiple near-term catalysts ahead – including two drilling programs and ongoing fieldwork across the company’s Parkes project greenfield prospects.

This article was developed in collaboration with Adavale Resources, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.