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Adavale Resources (ASX :ADD) has reported a significant gold assay of 22.2g/t Au from rock chip sampling at the newly identified Parkvale South Prospect within its Parkes Project in NSW. Located in a structurally favorable zone, Parkvale South shows geological similarities to Alkane’s Tomingley Mine. The prospect is now a priority exploration target, with soil geochemistry and geophysical surveys planned to aid in drill target delineation. Additionally, Welcome Mine, an historical site, yielded encouraging results up to 1.61g/t Au.
This discovery strengthens Adavale’s strategic focus on the highly prospective Lachlan Fold Belt. The company is advancing multiple exploration fronts, including geochemical surveys, maiden drill program planning for Q2 2025, and follow-up reconnaissance at key targets like No Mistake and The Dish. The findings at Parkvale South mark a potential step-change in Adavale’s gold exploration efforts in central-western NSW.
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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.
