Adavale Resources (ASX:ADD) has completed tenure consolidation across the London-Victoria Gold Corridor, with the grant of EL9918 and the transfer of EL9178.
The grant of EL9918 expands Adavale’s control over the broader Ashes prospect area, where recent surface sampling returned 9.2 grams per tonne gold (Au), 4.5g/t silver (Ag), and 660 parts per million copper (Cu).
Adavale says this extends ‘high-grade’ gold-copper-silver mineralisation southeast into the newly granted licence, building on previously reported results, including 10.65g/t Ag, 1.98% Cu, and 158g/t Ag.
The successful transfer of EL9178 from Alkane Resources (ASX:ALK) secures approximately 20km2 of ground immediately south of London-Victoria, where geological interpretation indicates continuation of the same structural corridor that hosts the existing 115,000oz mineral resource.
“The 9.2g/t Au surface result strengthens the Ashes prospect and confirms high-grade gold-copper-silver mineralisation extends into the newly granted EL9918,” Managing Director David Ward says.
“With EL9918 granted and the transfer of EL9178 complete, Adavale now holds a consolidated belt-scale gold-copper position along one of Australia’s most prospective corridors, from London-Victoria in the north through to Calarie in the south,” CEO Allan Ritchie says.
Building the picture at Parkes
The Ashes prospect sits within Adavale’s Parkes Gold-Copper Project in the Macquarie Arc of the Lachlan Fold Belt, which hosts major gold-copper systems including Northparkes and Cadia.
EL9918 covers the former ELA7017 area, applied for following Adavale’s acquisition of the southern 14 units of EL5675 from Alkane Resources.
Previous work at Ashes identified ‘high-grade’ surface geochemistry, porphyry fertility indicators from soil geochemistry, and induced polarisation (IP) geophysical anomalies.
The grant materially improves exploration capability by consolidating the broader prospect area, allowing surface sampling and geophysical follow-up across the full target footprint without tenure boundary limitations.
At London-Victoria, gold mineralisation is associated with a mineralised shear zone within Ordovician volcanic rocks.
Regional magnetic data indicates the favourable host sequence and structural corridor continue southwards into EL9178.
A prominent linear magnetic high extends through London-Victoria into EL9178, interpreted to represent prospective Ordovician volcanic units closely associated with known gold mineralisation.
Adavale Resources has planned systematic exploration across the southern extension of the London-Victoria system, integrating structural interpretation, geophysical datasets, geochemistry and drill targeting to evaluate strike continuity.
At London-Victoria, brownfields drilling continues to expand and upgrade existing mineralisation alongside preliminary metallurgical testing and scoping studies.
Write to JC Villarba at Mining.com.au
Images: Adavale Resources
