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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 (-4.88%)+
Announcement
Release
26 Aug 2026 8:00AM
Price at Release
$0.041
Full Release
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Summary
Adavale Resources Limited has completed assay reporting for its 85-hole drill program at the London-Victoria Gold Mine, with results indicating significant gold mineralization outside the existing resource limits. With 82 reverse circulation holes and 3 diamond drillholes, the comprehensive dataset will support an upcoming updated Mineral Resource Estimate. Managing Director David Ward emphasized the continuity and high-grade nature of the gold intercepts achieved, which are crucial for future geological interpretation and resource upgrades. The company remains focused on advancing its exploration activities in the Lachlan Fold Belt of New South Wales, Australia.
Key Points
  • Final assays received for 5 drillholes at London-Victoria project.
  • Significant gold intersections found outside the existing mineral resource estimate.
  • Complete assay dataset for 82 RC holes and 3 diamond drillholes available.
  • Upcoming updated Mineral Resource Estimate (MRE) planned.
  • Highlights include high-grade gold intercepts from ALD003 and ALRC080.
  • Adavale Resources focuses on geological interpretation and resource estimation.
  • Adavale Resources operates in the Lachlan Fold Belt, NSW, Australia.
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.