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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.038 0.003 (8.57%)+
Announcement
Release
24 Jun 2026 8:24AM
Price at Release
$0.035
Full Release
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Summary
Adavale Resources Limited has reported new results from the ongoing drilling at the London-Victoria Gold Mine, located in the Lachlan Fold Belt, New South Wales. This announcement includes assay results for 13 new drillholes, reinforcing the presence of significant gold mineralisation, with highlights of up to 10.3g/t Au in certain intercepts. The drilling program, which has now completed over 14,000 meters, aims to refine the geological model and enhance the understanding of mineralisation controls. Further assays from additional drillholes are pending, and the company is working towards updating the Mineral Resource estimate, crucial for advancing their Parkes Thrust gold corridor strategy.
Key Points
  • Drilling results from 13 new holes at London-Victoria Gold Mine.
  • Significant gold mineralisation with assays up to 10.3g/t Au.
  • Over 14,000 meters drilled so far in the program.
  • Focus on refining geological models and understanding mineralisation controls.
  • Pending assays from additional drillholes expected soon.
  • Aim to update Mineral Resource estimate for Parkes Thrust gold corridor.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.