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Adavale Resources Limited ( (AU:ADD) ) has shared an announcement.
Adavale Resources Limited has commenced the second phase of drilling at its London-Victoria Gold Mine, part of the Parkes Gold-Copper Project. This phase involves a 2,300-meter RC drilling campaign targeting extensions beneath the southern part of the existing pit, aiming to expand the gold resource beyond the current Mineral Resource Estimate. The drilling program, led by newly appointed Managing Director David Ward, is informed by recent structural geology models and seeks to explore the potential growth of the mineralised system.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior explorer focusing on gold and copper exploration in the Lachlan Fold Belt of New South Wales. The company is listed on the ASX under the ticker ADD and is involved in projects such as the Parkes Gold-Copper Project.
Average Trading Volume: 1,298,657
Technical Sentiment Signal: Sell
Current Market Cap: A$12.92M
See more insights into ADD stock on TipRanks’ Stock Analysis page.