Record Gold Intercepts Expand London Victoria Mine Potential
Adavale Resources has reported its most significant gold intercepts in 30 years at the London Victoria Gold Mine, confirming substantial mineralisation beneath the pit floor that remains open at depth and along strike.
Maiden Drilling Program Delivers Exceptional Results
The company's maiden drilling program at London Victoria has uncovered consistent and significant gold intervals, highlighted by hole ALRC014 which delivered the widest gold intercept to date with 48m @ 0.82g/t Au from 133m using a 0.25g/t Au cut-off. This broad zone includes higher-grade sections of:
- 25m @ 1.17g/t Au from 144m (using 0.5g/t Au cut-off)
- 11m @ 1.42g/t Au from 158m (using 1.0g/t Au cut-off)
These results are particularly significant as the mineralisation extends well beyond the current JORC 2012 Resource of 3.14Mt @ 1.06 g/t Au for 107koz, demonstrating clear potential for resource expansion.
"We are highly encouraged by the results from our maiden drilling program at London Victoria, which has delivered the widest gold intercept to date in hole ALRC014, in an area without prior drilling," said Allan Ritchie, Adavale Resources Executive Chairman and CEO. "These results not only demonstrate consistent and significant grades and widths, but also highlight the clear potential to expand the resource well beyond the current JORC Mineral Resource Estimate."
Extending Mineralisation 100m Below Current Pit Floor
The newly intercepted mineralisation extends gold presence over 100m below the pit floor and well below the existing Mineral Resource Estimate. This confirms that broad zones of gold mineralisation persist at shallow depths beneath the recently defined resource.
ALRC014 has successfully intercepted a previously undrilled, down dip extension to the London Victoria Gold Deposit. The depth of this intercept corresponds with a similar historic intercept (LVD103) located 165m along strike to the south that is included in the current JORC resource.
Additionally, historic drillhole LVD130 intersected two wide gold zones approximately 60m below the pit with impressive intercepts including:
- 29.3m @ 1.31g/t Au from 157m
- 21.6m @ 1.06g/t Au from 197.3m
Understanding the Geological Model
The company has engaged a specialist structural geology team that has commenced mapping to test and refine a possible doubly plunging anticline model for the deposit. This advanced structural interpretation, coupled with planned magnetic surveys, will guide the next phase of drilling.
Magnetic survey planning is also underway, targeting detailed definition of magnetic lows associated with the gold-bearing zone within the mineralised andesitic volcanics. Initial interpretation of magnetic susceptibility data indicates that alteration associated with mineralisation destroys primary magnetite, suggesting detailed magnetic surveys could help identify further mineralisation zones.
What is a Doubly Plunging Anticline?
A doubly plunging anticline is a fold in rock layers that forms an arch-like structure where both ends of the fold axis dip downward in opposite directions. This geological structure is significant for gold exploration as it can create ideal traps for mineralising fluids.
In the context of the London Victoria deposit, this structural model could explain why mineralisation remains open both along strike and at depth. The fold creates zones where gold-bearing fluids can concentrate, particularly along the fold hinges and in areas of increased fracturing where permeability is higher.
Understanding this structural control is crucial for targeting future drilling efforts, as the highest grades and widest zones of mineralisation often occur in predictable positions within such fold structures.
Next Steps and Future Catalysts
With all results now in from the initial drilling program, Adavale is advancing multiple workstreams:
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Phase 2 Drilling Program: Planning is underway for a follow-up drilling campaign designed to test extensions beneath the existing pits and along strike. This program is expected to be completed in Q4 2025.
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Structural Geology Mapping: A leading structural geology consultant is currently undertaking detailed mapping and modelling of the deposit to refine future drill targeting.
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Magnetic Survey: Given the positive correlation between magnetics and gold mineralisation, airborne and/or ground-based magnetic surveys are being planned.
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JORC Resource Update: Following the Phase 2 drilling, an updated JORC resource will be compiled, with the focus in 2026 shifting to scoping and metallurgical test work.
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Ashes Prospect IP Survey: Analysis of the recently extended IP survey at the Ashes copper-gold prospect is expected in the coming weeks, which will guide future exploration efforts at this prospective site.
Investment Potential in a Rising Gold Market
With gold prices continually breaking all-time highs, Adavale is strategically positioned with its London Victoria Gold Project. The current drilling results demonstrate significant potential to expand the existing resource, potentially transforming the economics of the project.
The gold discovery by Adavale Resources Ltd has a production history of 145,000 ounces at 1.5g/t Au, which was mined and processed onsite until 1996 when operations ceased primarily due to low gold prices. With today's substantially higher gold prices and the discovery of additional mineralisation, the project presents compelling economics for potential development.
Strategic Position in the Macquarie Arc
Adavale's Parkes Project is strategically positioned within the Macquarie Arc of the Lachlan Fold Belt – a Tier-1 mining jurisdiction that hosts world-class operations such as Cadia Ridgeway (35.1Moz Au & 7.9Mt Cu) and Northparkes (5.2Moz Au & 4.4Mt Cu).
The five granted exploration licenses cover a total area of approximately 371.39 km² and are located adjacent to major gold-copper deposits, enhancing the exploration potential beyond just the London Victoria Mine.
Why Investors Should Watch Adavale Resources
Adavale Resources presents a compelling investment case for gold-focused investors:
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Expanding Gold Resource: The current drilling results demonstrate clear potential to significantly expand the existing 107koz gold resource at London Victoria.
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Multiple Near-Term Catalysts: With Phase 2 drilling, resource updates, and ongoing exploration across multiple prospects, Adavale has several potential share price catalysts in the coming months.
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Strategic Location: Operating in the prolific Lachlan Fold Belt alongside multi-million-ounce deposits enhances the overall exploration upside.
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Diversified Portfolio: Beyond the gold potential at London Victoria, the company maintains exposure to copper exploration at the Parkes Project, uranium in South Australia, and nickel in Tanzania.
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Favourable Gold Market: With gold prices at all-time highs, the economics of developing even modest-sized gold deposits have improved substantially.
As Adavale continues to advance its exploration programs at London Victoria and across its broader portfolio, investors should watch for the upcoming Phase 2 drilling results and subsequent resource updates, which could significantly enhance the company's valuation if they continue to demonstrate resource expansion potential.
Want to Capitalise on Adavale's Gold Success Story?
Discover why Adavale Resources' record gold intercepts at London Victoria could represent a compelling investment opportunity in today's booming gold market. With consistent high-grade results extending well beyond the current resource boundary and multiple catalysts on the horizon, now is the time to learn more about this emerging gold story. For the latest investor information and to stay updated on future drilling results, visit Adavale's ASX Announcements page today.
