• Significant intercepts from maiden drilling program at London Victoria Gold Mine
• Shallow high-grade gold mineralisation identified below and along strike from existing resource
• Strike extension confirmed, highlighting potential for resource expansion

Adavale Resources has announced results from the first nine holes of the recently completed maiden drilling program at the London Victoria Gold Mine. The drilling was designed to cover multiple targets along the full north-south strike of the open pit, which spans over a 1.5km distance. Assay results have confirmed that gold mineralisation is present at shallow depths both below and along strike from the recently defined JORC Mineral Resource of 3.14Mt at 1.06g/t Au for 107koz. Highlights from the first batch of assay results include 10m @ 1.95g/t Au (including 1m @ 8.3g/t Au) and a significant intercept of 3m @ 6.64g/t Au including 1m @ 14.6g/t Au from 10m depth. The drilling has also confirmed that the mineralisation extends over 1.4km of strike, well beyond the previously mined lodes and outside the current resource area, highlighting significant potential for resource expansion. The company plans to undertake a magnetic survey to better define the gold-bearing zone, as well as engage structural geology consultants to confirm and refine the deposit model. Further drilling is also planned to test extensions beneath the existing pits and along strike.

Adavale is well-positioned to build on the strong momentum established by these results, with plans for further drilling, geophysical surveys, and structural geology analysis to support substantial resource growth beyond the current footprint of the London Victoria Gold Mine.