An update from Adavale Resources Limited ( (AU:ADD) ) is now available.
Adavale Resources Limited has announced advancements in its Parkes Project in the Lachlan Fold Belt, with a multi-target exploration strategy underway. The company is working with Derisk Geomining Consultants to review the historical estimate of the London-Victoria Gold Mine, aiming to convert it to a JORC 2012 Mineral Resource Estimate. Recent assay results have identified significant gold, copper, and silver mineralization at the Ashes and Myalls prospects, with plans for a maiden drilling program in Q2 2025. This development positions Adavale to potentially capitalize on high gold prices and expand its resource base, enhancing its market presence and offering promising opportunities for stakeholders.
More about Adavale Resources Limited
Adavale Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining and exploration, with a specific focus on projects located in the Lachlan Fold Belt in New South Wales, Australia.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.57M
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