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Adavale Resources Limited ( (AU:ADD) ) has provided an announcement.
Adavale Resources Limited has announced the commencement of a 10-hole, 2,200m reverse circulation (RC) drilling program at the London Victoria Mine. The program aims to extend the known mineralization and increase the JORC Inferred Mineral Resource Estimate, while also testing for high-grade structures similar to those at the nearby Koh-I-Nor mine. This initiative marks the first systematic resource extension drilling at the site in over 30 years, coinciding with a record high gold price.
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.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.29M
For detailed information about ADD stock, go to TipRanks’ Stock Analysis page.