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An announcement from Adavale Resources Limited ( (AU:ADD) ) is now available.
Adavale Resources Limited has reported significant gold assay results from its recent reconnaissance work at the Parkvale South and Welcome Mine Prospects within the Parkes Project in NSW. The Parkvale South Prospect, a newly defined area, returned a high-grade assay result of 22.2g/t Au, indicating its potential as a prime target due to its geological similarities to the Tomingley Mine. The company plans further soil geochemistry and surveys to delineate drill targets, which could impact its exploration strategy and stakeholder interest.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior exploration company focused on gold and copper exploration in the Lachlan Fold Belt of New South Wales.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.57M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.
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