Adavale Resources (ASX:ADD) has delivered 19m @ 4.0g/t Au from 148m at London-Victoria, including 4m @ 15.02g/t Au and a standout 1m @ 52.6g/t Au.
The important part? The intercept sits well outside the existing 115koz Mineral Resource.
High grade beyond the model
ALRC076 was the headline, but it wasn’t alone.
Nearby drilling returned 29m @ 0.90g/t Au, while another hole hit a broad 50m @ 0.58g/t Au.
That combination of broad mineralisation and discrete high-grade zones is giving Adavale Resources more to work with beneath and beyond the historical pit.
The system remains open at depth, along strike and in parallel structures.
Figure 1: Cross Section Displaying position and gold results for ALRC076 and ALRC077 relative to the historic London-Victoria Open Pit.
The old resource is getting old
London-Victoria currently hosts 3.8Mt @ 0.95g/t Au for 115koz, but that estimate is based entirely on historical drilling.
None of the 85 holes completed by Adavale are included.
With assays now back for 80 of those holes, the upcoming resource update will be the first real measure of what the latest campaign has added.
Managing Director David Ward said the new high-grade hit reinforces the potential to grow both the scale and economics of London-Victoria.
What’s next
Only five drillhole assays remain outstanding.
Once they land, Adavale Resources will move into the updated geological model and MRE, targeted for Q3 2026.
Metallurgical testwork and early scoping work are also underway.
The old resource was 115koz, the next one now has a lot more drilling to work with.
