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Adavale Resources Limited ( (AU:ADD) ) has shared an update.
Adavale Resources has reported assay results from the first six drill holes of its ongoing infill drilling campaign at the London-Victoria Gold Mine, totaling 1,338 metres out of 5,594 metres drilled so far. The program, supported by two rigs and with assays from another 20 holes pending, is designed to grow resources beneath the existing open pit through systematic expansion drilling.
The initial results show a clear contrast between the northern area, where drilling has intersected higher-grade gold zones, and the southern area, which is returning broader intervals of consistent mineralisation. Management says both domains remain open and largely untested at depth, indicating strong potential for meaningful additions to the current mineral resource and reinforcing the project’s growth trajectory for investors and stakeholders.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior explorer and developer focused on gold and copper projects in the Lachlan Fold Belt of New South Wales. The company is advancing the London-Victoria Gold Mine, targeting both high-grade lodes and bulk-tonnage mineralisation to expand its existing open-pit resource base.
Average Trading Volume: 1,026,454
Technical Sentiment Signal: Sell
Current Market Cap: A$18.1M
Learn more about ADD stock on TipRanks’ Stock Analysis page.