Adavale Resources Advances Multi-Target Gold Strategy in NSW's Premier Mining District
Adavale Resources (ASX: ADD) has announced significant progress at its Parkes Project in the prolific Lachlan Fold Belt of New South Wales, setting the stage for near-term resource development alongside promising new discoveries.
Historical Gold Resource Moving Toward JORC 2012 Compliance
Adavale has engaged Derisk Geomining Consultants to review the London-Victoria Gold Mine's Historical Estimate of 3.70Mt @ 1.04g/t Au for 124,000 ounces with the aim of upgrading it to JORC 2012 compliance. This represents a strategically timed move as gold prices have soared beyond AU$5,000 per ounce.
The conversion may require minimal additional drilling, making it a cost-effective initiative with potentially significant value creation for shareholders.
Promising Drilling Results Below Historic Mine
Results from drill hole AEIDD001, which targeted depth extensions approximately 150-160m below the existing London-Victoria pit floor, have identified a promising 20m-thick quartz-carbonate veined pyrite-sericite alteration zone. The hole intercepted:
- 3m @ 0.40 g/t Au (356-359m)
- Including 1m @ 1.02g/t Au (356-357m)
While these grades are modest, they confirm the continuation of the mineralised structure at depth and provide valuable geological insights that will help Adavale better target future drilling closer to the open pits.
Exceptional High-Grade Rock Chip Results
The company has reported impressive rock chip assays from the Ashes Prospect, with the highest-grade gold and silver mineralisation to date:
- 10.65 g/t Au, 1.98% Cu & 158 g/t Ag (P24669)
These results reinforce previously announced high-grade samples from the same area:
- 7.95 g/t Au, 2.2% Cu & 96.4 g/t Ag
- 0.74 g/t Au, 0.76% Cu & 58.9 g/t Ag
- 0.32 g/t Au & 17.8 g/t Ag
Understanding Orogenic Gold Deposits
Orogenic gold deposits, like those found in the Lachlan Fold Belt, typically form along major structural zones where gold-bearing fluids migrate through fractures and faults. These deposits are characterised by:
- Formation along regional-scale fault systems
- Quartz-carbonate veining with gold mineralisation
- Association with metamorphic rocks
- Variable gold grades that can be "poddy" or erratic in distribution
This geological understanding explains why Adavale Resources gold strategy in Australia is now focusing on a more systematic approach, targeting areas closer to known mineralisation rather than widely spaced step-out drilling.
Orogenic gold deposits form during mountain-building events when tectonic forces create deep-seated faults and fractures. These structures serve as conduits for gold-bearing hydrothermal fluids derived from deep within the Earth's crust. As these fluids rise and interact with surrounding rocks, changes in pressure, temperature, and chemistry cause gold to precipitate, typically in association with quartz and carbonate minerals.
The Lachlan Fold Belt is recognised globally as a premier orogenic gold province, with numerous significant deposits including Cadia-Ridgeway and Northparkes. These deposits typically occur at the intersection of major structural features, similar to the geological setting of Adavale's Parkes Project.
One characteristic feature of orogenic gold deposits is their structural control. Gold mineralisation often follows specific structural corridors and can be concentrated in dilational zones where fracturing has created space for mineralised fluids to deposit gold. This structural control creates the "poddy" or discontinuous nature of the mineralisation that requires systematic exploration approaches.
The alteration patterns associated with these deposits – typically sericite, carbonate, and pyrite – serve as important exploration vectors. The 20m-thick alteration zone encountered in AEIDD001 exhibits precisely these characteristics, confirming the geological model and potential for further mineralisation closer to the historic mine workings.
Clear Timeline and Next Steps
Adavale has outlined a structured approach for advancing the Parkes Project:
- April 2025: Receipt of geochemical survey results from Ashes and Myalls prospects
- Q2 2025: Planning of maiden drilling program based on target generation from geochemical survey results
- Concurrent Path: Completion of JORC 2012 resource conversion for London-Victoria historical resource
Investment Thesis: Strategic Position in a World-Class Belt
Adavale has positioned itself strategically in one of Australia's premier gold and copper regions. The Lachlan Fold Belt hosts world-class deposits including Northparkes (5.2Moz Au & 4.4Mt Cu) and Cadia Ridgeway (35.1Moz Au & 7.9Mt Cu).
The company's multi-target approach offers investors exposure to:
- Near-term resource potential through the London-Victoria deposit conversion
- Exploration upside via the high-grade Ashes and Myalls prospects
- District-scale opportunity across four exploration licenses covering 354.15km²
The timing is particularly favourable with gold trading at all-time highs, enhancing the economic viability of potential resources.
Why Investors Should Follow Adavale Resources
Adavale presents a compelling investment case for resource investors:
- Advanced project with historical resource that could potentially be upgraded to JORC 2012 status with minimal additional drilling
- Multiple high-grade exploration targets demonstrating excellent gold, copper, and silver values
- Strategic location in the Lachlan Fold Belt at the intersection of key geological structures
- Experienced management executing a systematic, multi-target exploration strategy
- Well-timed advancement during record gold prices, enhancing potential project economics
As Adavale's Executive Chairman and CEO Allan Ritchie noted: "Adavale's focus is delivering results, particularly when the gold price is trading at all-time highs. The Parkes project located in the Lachlan Fold Belt is emerging as a great opportunity for Adavale."
With assay results pending and a maiden drilling program being planned for Q2 2025, Adavale Resources gold strategy in Australia is positioned to deliver a steady flow of news over the coming months while advancing toward both resource definition and new discoveries in one of Australia's premier gold and copper districts.
Ready to Tap Into the Lachlan Fold Belt's Gold Potential?
Discover how Adavale Resources is advancing its multi-target gold strategy in one of Australia's premier mining districts. With a historical gold resource moving towards JORC 2012 compliance, promising drill results, and exceptional high-grade rock chip samples showing values up to 10.65 g/t Au, now is the perfect time to learn more about this compelling investment opportunity. Visit Adavale's investor centre for the latest announcements and updates on their strategic gold projects.
