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Adavale Resources Limited (ASX: ADD) has intensified exploration at its Parkes Gold and Copper Project in NSW’s Lachlan Fold Belt. The geological team recently conducted reconnaissance and sampling at Cunich Prospect, Golden Bar, Parkvale South, and the historic Koh-I-Noor Mine, collecting 27 rock chip samples for assay. Notably, Parkvale South had previously returned a high-grade result of 22.2g/t Au, while Koh-I-Noor historically produced up to 43.8g/t Au. A drone survey also identified structural trends for further exploration.
Simultaneously, Adavale has begun a maiden 10-hole, 2,200m RC drilling program at the London Victoria Mine, aiming to extend its current JORC MRE of 115koz Au. The company is strategically targeting both brownfield and underexplored greenfield prospects, with additional reconnaissance planned for tenements including No Mistake, The Dish, and Front Gate. These initiatives align with Adavale’s broader strategy to identify new high-grade mineralisation zones across its licences.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
