Adavale’s Parkes Project Faces Critical Test as Geochemical Survey Could Define Drilling Risks
Adavale Resources is set to launch a detailed geochemical survey at its Ashes and Myalls prospects within the Parkes Project, aiming to refine drilling targets in a highly prospective gold-copper region.
- Geochemical survey planned over 5km² at Ashes and Myalls prospects
- Full land access secured enabling uninterrupted fieldwork
- Historical rock chip samples show significant gold and copper grades
- Project adjacent to major mines including Northparkes and Tomingley
- Focus on upgrading London Victoria Mine resource to JORC compliance
Strategic Exploration in a Proven Gold-Copper Belt
Adavale Resources (ASX: ADD) has announced a new phase of exploration activity at its Parkes Project in New South Wales, focusing on the Ashes and Myalls prospects. Following a successful reconnaissance visit in early 2025, the company is preparing to undertake a comprehensive geochemical survey covering approximately 5 square kilometres. This initiative aims to build on historical data and refine targets for future drilling campaigns.
Located within the Lachlan Fold Belt, the Parkes Project benefits from its proximity to some of Australia's most prolific gold and copper mines, including the Northparkes porphyry copper-gold mine and Alkane Resources’ Tomingley Gold mine. The geological setting, characterized by Ordovician-aged volcanics and the structurally significant Lachlan Transverse Zone, offers a compelling backdrop for discovering new mineralisation.
Unlocking Potential with Modern Techniques and Local Expertise
Adavale has secured full access agreements with local landholders, a critical step that ensures the planned grid-based rock chip and soil sampling program can proceed without delay. The company has also engaged experienced geological consultants familiar with the Lachlan Fold Belt to oversee the survey, underscoring its commitment to methodical and high-standard exploration practices.
Historical rock chip results at Myalls have recorded copper grades up to 0.86% and gold up to 0.91g/t, while Ashes boasts even more impressive figures, with samples reaching 5.5% copper, 8.8g/t gold, and 84g/t silver. These encouraging grades highlight the prospects’ potential and justify the focused geochemical work planned.
Broader Project Context and Future Outlook
The Parkes Project encompasses four exploration licences totaling 354.15km², targeting orogenic, epithermal, and gold-rich porphyry-style copper-gold deposits. Notably, the project includes the former London Victoria Gold Mine, where Adavale aims to upgrade a historical resource estimate to JORC-compliant status, leveraging existing drill data and recent assay results.
Adavale’s exploration strategy extends beyond Ashes and Myalls, with plans to evaluate additional targets across the Front Gate and No Mistake licences, as well as the newly granted The Dish licence. The company’s systematic approach, combining modern geochemical techniques with regional geological understanding, positions it well to identify high-quality drill targets and unlock value across its tenement package.
Executive Chairman and CEO Allan Ritchie expressed optimism about the upcoming survey, emphasizing the advantage of surface-accessible Ordovician rocks and the importance of strong community relationships. He anticipates that the survey results will provide critical insights to guide subsequent drilling and exploration efforts.
Bottom Line?
As Adavale advances its geochemical survey, the coming months will be pivotal in translating early promise into tangible resource growth.
Questions in the middle?
- What specific geochemical anomalies will emerge from the Ashes and Myalls survey?
- How soon can Adavale convert historical estimates at London Victoria into a JORC-compliant resource?
- Will the broader Parkes Project tenements reveal additional high-priority targets beyond the initial focus areas?
