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Adavale Resources has reported high-grade gold intercepts of up to 245.5g/t from historic drilling at its Victoria South Prospect, pointing to a potential southern extension of the London-Victoria Gold Mine within its Parkes Gold-Copper Project in New South Wales.
A review and compilation of historical drilling datasets identified multiple shallow, high-grade gold intercepts immediately south of the existing London-Victoria Mineral Resource. The standout result was 1m @ 245.5g/t Au from 22m.
Other intercepts include 17m @ 1.53g/t Au, 13m @ 2.25g/t Au, 15m @ 1.68g/t Au and 11m @ 2.37g/t Au, which the company says reinforces the continuity of mineralisation along strike.
The results validate earlier surface geochemical sampling and indicate that the near-mine mineralised footprint is larger than the current 115koz London-Victoria gold resource. The mineralisation remains shallow and open.
Near-mine expansion opportunity
David Ward, Managing Director of Adavale Resources, highlighted the fit with the company’s broader structural model.
“The validation of historical drilling at Victoria South confirms the opportunity for a southern extension of the London-Victoria mineralised system, with multiple shallow, high-grade intercepts supporting strong continuity along strike,” Ward explained. “The prospect fits directly within our evolving structural model, and with drone magnetics extending into this area, we are well positioned to refine targets in advance of drilling.”
Ward added that Victoria South represents a near-mine opportunity with the potential to deliver additional shallow ounces to support ongoing Mineral Resource growth.
Allan Ritchie, Executive Chairman and CEO of Adavale Resources, pointed to the momentum building across the broader project.
“Results from the Victoria South Prospect reinforces the strong momentum building across the Parkes Copper-Gold Project, with shallow high-grade results including a bonanza grade intercept of 1m @ 245.5g/t Au from 22m highlighting the quality of mineralisation emerging along strike,” Ritchie commented. “With multiple workstreams advancing in parallel, we are rapidly building scale at London-Victoria while continuing to unlock new opportunities across the broader project.”
Consolidated tenure unlocks new data
The Victoria South Prospect lies directly along strike from the existing London-Victoria open pit and has been confirmed as part of the same mineralised system. Historical drilling in the area was previously constrained by fragmented tenure ownership, but this has now been consolidated under Adavale’s control, enabling integration of the dataset into the company’s geological model for the first time.
The confirmation of basement-hosted gold mineralisation beneath surface anomalies also validates Adavale’s exploration methodology and strengthens confidence in other near-mine and regional targets across the Parkes Project.
Multiple workstreams advancing
Adavale is progressing a range of parallel workstreams at London-Victoria, including systematic brownfields drilling to expand and upgrade mineralisation, metallurgical test work to assess recoveries, preliminary scoping studies and expanded geophysical surveys to improve targeting accuracy.
The Parkes Project comprises nine granted exploration licences covering a total area of approximately 489.4 square kilometres within the Macquarie Arc of the Lachlan Fold Belt. The region hosts operations such as Cadia Ridgeway (35.1Moz Au and 7.9Mt Cu) and Northparkes (5.2Moz Au and 4.4Mt Cu), adjacent to and directly west of the Parkes Project.
Last Updated on April 10, 2026 by Nick Ross
