en.Wedoany.com Reported - Adavale Resources (ASX:ADD) has identified shallow gold mineralization at six prospects through a systematic review of historical drilling data, with these areas expected to develop into future satellite deposits.
The company has discovered drill-supported mineralized zones at Armstrongs, Drapers, Nibblers Hill, Somers, McGuiggans, and Waterhouse, with multiple prospects returning high-grade shallow intercepts. Notable results include: 11 meters at 4.94 g/t gold from 9 meters depth at the Drapers prospect; 9 meters at 4.90 g/t gold from 28 meters depth at Nibblers Hill; and 4 meters at 4.55 g/t gold from 4 meters depth at Waterhouse.
At the Somers prospect, past drilling returned 8 meters at 3.20 g/t gold from 36 meters depth, 4 meters at 4.02 g/t gold from 36 meters depth, and 7 meters at 2.14 g/t gold from 33 meters depth. At Armstrongs, historical drilling returned wider mineralized zones, including 32 meters at 0.93 g/t gold from 24 meters depth and 18 meters at 1.29 g/t gold from 98 meters depth.
Adavale Resources Managing Director David Ward noted that these six prospects are located at the doorstep of the London-Victoria mine, complementing the high-grade Victoria South prospect, where historical drilling returned a 6-meter intercept grading 41.3 g/t gold. These prospects are along strike and parallel to existing resources, and within reach of existing infrastructure, providing the company with a pipeline of quality targets for drill testing as it expands the scale and development potential of the Parkes project.
Adavale holds a total land position of 610 square kilometers in the Parkes Thrust, including the Calarie mining licence. Its core is the past-producing London-Victoria open pit, which extends over 1.5 kilometers along strike and contains a total of 115,000 ounces of contained gold. The mineral resource estimate is entirely based on historical data and does not include 88 drill holes from recent drilling, with a resource update expected in the coming weeks.
The recently acquired Calarie gold deposit has added 51,000 ounces of gold to the company's resource inventory in the Parkes Thrust. The latest historical review added 188 historical drill holes totaling 11,529 meters to its database. Previous similar work at Victoria South highlighted significant near-mine gold potential, including a 1-meter intercept grading 245.5 g/t gold and several wider mineralized zones.
Adavale believes this work demonstrates the value of systematically collating historical data to uncover overlooked opportunities near existing resources. Applying the same approach to the broader London-Victoria area has revealed multiple drill-supported gold prospects that can support future resource growth.
The company currently has two drill rigs operating as part of a 6,000-meter drilling program targeting extensions below the existing pit to expand and upgrade the London-Victoria resource. Meanwhile, Adavale is advancing metallurgical test work and conducting a preliminary scoping study to assess potential development pathways.
High-resolution airborne geophysical surveys are also planned to refine structural interpretations and fine-tune drill targets. Adavale is also considering ground magnetic surveys at the Calarie project to precisely locate drill targets, with management noting a positive correlation between magnetic anomalies and gold mineralization in the London-Victoria area. Additionally, a review of historical data is planned, which may generate follow-up drilling opportunities around previously identified high-grade gold zones.
At the regional level, Adavale continues to advance exploration across the broader Parkes Thrust tenement package, including extending high-resolution magnetic surveys and surface geochemistry programs to newly acquired ground around the Ashes prospect, with potential for initial drill testing of priority targets.
