en.Wedoany.com Reported - Adavale Resources (ASX:ADD) has completed the consolidation of mining rights in the London-Victoria Gold Corridor, securing the EL9918 mining right and completing the transfer of the EL9178 mining right. Recent surface sampling results show gold grades of 9.2 g/t, silver grades of 4.5 g/t, and copper grades of 660 ppm at the Ashes prospect area.

The granting of EL9918 expands Adavale's control over the Ashes prospect area. High-grade gold-copper-silver mineralization extends southeast into the newly granted mining area, with previously reported results including silver grades of 10.65 g/t, copper grades of 1.98%, and silver grades of 158 g/t.

The successful transfer of EL9178 from Alkane Resources (ASX:ALK) secures approximately 20 square kilometers of land directly south of London-Victoria. Geological interpretation indicates that this area continues along the same structural corridor, which hosts an existing 115,000-ounce mineral resource.

"The 9.2 g/t gold surface result enhances the prospectivity of the Ashes prospect and confirms that high-grade gold-copper-silver mineralization extends into the newly granted EL9918," said Managing Director David Ward. "With the granting of EL9918 and the completion of the EL9178 transfer, Adavale now holds consolidated, regional-scale gold-copper mining rights along one of Australia's most prospective corridors, extending from London-Victoria in the north to Calarie in the south," said CEO Allan Ritchie.

The Ashes prospect is located within Adavale's Parkes Gold-Copper Project in the Macquarie Arc of the Lachlan Fold Belt, an area hosting major gold-copper systems including Northparkes and Cadia. EL9918 covers the area previously designated as ELA7017, which was applied for after Adavale acquired 14 units south of EL5675 from Alkane Resources.

Previous work at Ashes identified high-grade surface geochemistry, porphyry fertility indicators in soil geochemistry, and induced polarization (IP) geophysical anomalies. The granting of this mining right enhances exploration capabilities by integrating the broader prospect area, allowing surface sampling and geophysical follow-up across the entire target footprint without being constrained by mining right boundaries.

At London-Victoria, gold mineralization is associated with mineralized shear zones within Ordovician volcanic rocks. Regional magnetic data indicate that favorable host sequences and structural corridors continue southward into EL9178. A prominent linear magnetic high zone extends through London-Victoria into EL9178, interpreted to represent potential Ordovician volcanic units closely associated with known gold mineralization.

Adavale Resources has planned systematic exploration of the southern extension of the London-Victoria system, integrating structural interpretation, geophysical datasets, geochemistry, and drill targeting to assess strike continuity. At London-Victoria, brownfield drilling continues to expand and upgrade existing mineralization, alongside preliminary metallurgical testing and scoping studies.