Adavale Resources hits the ground running at Parkes Gold Project with encouraging results

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8h ago 6:43

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Adavale Resources Ltd (ASX:ADD) executive chairman and CEO Allan Ritchie talked with Proactive's Stephen Gunnion about the company’s progress at its Parkes Project, following a busy quarter of reconnaissance and exploration work in New South Wales’ Lachlan Fold Belt. Adavale Resources, a junior gold and copper explorer, completed the acquisition of the Parkes Project three months ago. Since then, the company has undertaken seven site visits, completed extensive geochemical surveys, validated historic rock chip assays, and delivered a maiden JORC resource estimate at the London-Victoria license. “We've been moving very quickly. We've got great relationships with landholders. We're moving swiftly but systematically,” Ritchie said. The company highlighted a standout result of 22.2 grams per tonne gold from recent rock chip assays at Parkvale South, describing it as a key priority target. Parkvale South lies within one of four licenses at the project, and the team continues to test historic prospects across the broader tenement area. Ritchie also discussed near-term plans, including announcing an exploration target and beginning maiden drilling across other prospects, particularly Ashes Myalls and Parkvale. The company expects continuous news flow in the coming months as it advances further work, including potential resource extensions. Beyond gold and copper, Adavale holds uranium interests in South Australia and nickel sulfide assets in Tanzania, although its current focus remains firmly on the Australian gold and copper opportunity. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel and enable notifications for future content. #AdavaleResources #GoldExploration #CopperExploration #LachlanFoldBelt #ParkesProject #MiningUpdates #ResourceInvesting #AustralianMining #JuniorExplorer #GoldPrice #JORC

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