en.Wedoany.com Reported - Adavale Resources has reported the latest progress from drilling at the London-Victoria mine in the Lachlan Fold Belt, New South Wales, Australia. Results from the latest batch of 13 drill holes have extended mineralization beyond the historical open pit and further support the interpretation that the mine is part of a larger Parkes Thrust gold corridor. To date, the total cumulative drilling length at the project has reached 14,155 meters.
Significant intercepts from the latest batch of 2,751 meters of assay results include: Hole ALRC059 returned 19 meters at 1.36 g/t gold from 149 meters depth; Hole ALRC058 returned 6 meters at 3.22 g/t gold from 35 meters, including 1 meter at 10.3 g/t, and also returned 7 meters at 1.18 g/t from 108 meters, 4 meters at 1.41 g/t from 119 meters, 23 meters at 0.87 g/t from 108 meters, and 28 meters at 0.62 g/t from 141 meters (including 6 meters at 1.77 g/t from 162 meters); Hole ALRC056 returned 4 meters at 1.06 g/t from 125 meters, 6 meters at 1.39 g/t from 133 meters, and 47 meters at 0.68 g/t from 121 meters, including 3 meters at 1.62 g/t from 148 meters.
Managing Director David Ward stated that these results enhance confidence in the scale and continuity of gold mineralization beneath the historical open pit. Increased drill density is refining the geological model and improving understanding of the controls on higher-grade mineralization. Two drill rigs are currently operating, with an additional 26 completed holes awaiting results in batches submitted for analysis. An updated resource estimate is expected to be released by mid-Q3 2026.
Preliminary metallurgical test work was conducted on three London-Victoria composite samples. Two higher-grade samples exhibited rapid leaching kinetics under standard cyanidation conditions, with final 24-hour gold recoveries of approximately 81-83%. Reagent consumption was low for all three samples, supporting the potential for gold recovery via conventional cyanidation and compatibility with existing on-site facilities (formerly BHP). Future metallurgical test work will utilize diamond core from current drilling.
Diamond drilling is also underway, with the second rig having completed two holes and currently drilling a third, aimed at providing key structural information to aid in deposit interpretation. The company has also begun a re-evaluation of historical diamond drill hole AEIDD001, which intersected an alteration zone consistent with the mineralized system. The company will reassess unsampled and partially assessed intervals within this hole to refine down-dip interpretations and support more targeted follow-up drilling.
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