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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.039 0.002 (5.41%)+
Announcement
Release
13 Aug 2026 8:19AM
Price at Release
$0.037
Full Release
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Summary
Adavale Resources Limited has reported promising assay results from five additional reverse circulation drill holes at the London-Victoria Gold Mine, part of their ongoing exploration efforts in New South Wales. These results indicate broad gold mineralisation across multiple sections, strengthening the potential for an updated Mineral Resource Estimate in the upcoming quarter. Significant intersections included 38 meters at 0.96g/t Au from hole ALRC075 and consistent gold intervals that enhance the geological model of the site. This development supports the company's ongoing strategy to expand their gold resource inventory significantly.
Key Points
  • Assays from five new RC drillholes at London-Victoria Gold Mine.
  • Highlights include 38m at 0.96g/t Au from 142m in ALRC075.
  • All holes returned at least 20m wide gold intervals.
  • Upcoming Mineral Resource Estimate update anticipated.
  • Drilling reinforces scale and consistency of mineralised 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.