Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Adavale Resources Limited ( (AU:ADD) ).
Adavale Resources Limited has announced that its maiden reverse circulation (RC) drilling program at the London Victoria Gold Mine is progressing ahead of schedule, with 9 holes drilled and all intersecting the target mineralised zone. The company has decided to expand the program from 10 to 14 holes, with completion expected by the end of July and assay results anticipated within the current quarter. The drilling aims to increase and potentially upgrade the JORC Inferred Mineral Resource Estimate, which currently stands at 3.14Mt at 1.06 g/t Au for 107koz.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior explorer focused on gold and copper exploration in the Lachlan Fold Belt of New South Wales.
Average Trading Volume: 1,200,119
Technical Sentiment Signal: Sell
Current Market Cap: A$2.29M
See more data about ADD stock on TipRanks’ Stock Analysis page.