Adavale Resources Announces High Gold Grades from Drillout
Key points
- Assays up to 10.3g/t Au from ongoing London-Victoria resource drillout
- Drillout continues to grow the resource and validate geological model
- Diamond drilling underway to provide structural information and improve confidence
- Preliminary metallurgical testwork shows potential for gold recovery
- Next steps include updating Mineral Resource Estimate and further exploration
Full summary
Adavale Resources Limited (ASX:ADD) has announced solid gold assays from the ongoing London-Victoria resource drillout, with highlights including up to 10.3g/t Au. The drillout is expanding and upgrading the existing mineralisation below the open pit, with 13 holes totaling 2,751 meters of drilling completed. The results support the continuity of higher-grade lodes and broader zones of mineralisation. Diamond drilling is underway to provide structural information and improve confidence in the geological model. Preliminary metallurgical testwork indicates potential for gold recovery through conventional cyanide leaching. The company plans to update the Mineral Resource Estimate by mid-3Q CY26 and continue exploration activities.
Guidance
Expect to complete an update to the Mineral Resource Estimate by mid-3Q CY26.
Outlook
The company plans to continue drilling and exploration activities to expand and upgrade the existing mineralisation and improve the geological model.
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