# Adavale hits rich gold intercept below London-Victoria resource Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec Original source: https://stockhead.com.au/resources/adavale-hits-rich-gold-intercept-below-london-victoria-resource/ Publisher: stockhead Original announcement: 2026-08-18T00:26:38.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Adavale Resources - Ticker: ADD - Exchange: Unavailable - Region: NSW - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-08-20 10:54:47 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Adavale Resources has reported high-grade gold drill intercepts, including 19m at 4g/t Au, that extend well beyond the current London-Victoria resource. The results suggest significant scale potential, with an updated mineral resource estimate expected by the end of Q3 2026. Reasoning: High-grade gold intercepts \(up to 15.02 g/t\) were reported well outside the existing resource envelope, suggesting significant upside potential and resource expansion. - Positive factor: exceptional gold intercept - Positive factor: extension outside existing resource - Positive factor: high-grade zone identified - Positive factor: continuity at depth and along strike Facts used in scoring: 11 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling returned intercepts well outside the existing resource envelope. Evidence · text > standout intercept well outside existing gold resources **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 4m at 15.02 g/t gold is an exceptionally high-grade zone. Evidence · text > 4m at 15.02g/t from 162m **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The current resource is described as being based on historical drilling and is being targeted for expansion. Evidence · text > current resource is based entirely on historical drilling ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### ALRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-0) London-Victoria · gold #### Identity - Hole ID: ALRC076 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 4 - Grade Unit: g/t - Intercept: 19 m - From: 148 m #### Classification - Sample Type: drill - Group ID: ALRC076:148.0-167.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: 4g/t over 19m is a strong intercept and sits outside the current resource envelope. - Positive factor: exceptional grade - Positive factor: outside resource Evidence · text > Hole ALRC076 returned 19m grading 4g/t gold from a down-hole depth of 148m ### ALRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-1) London-Victoria · gold #### Identity - Hole ID: ALRC076 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 15.02 - Grade Unit: g/t - Intercept: 4 m - From: 162 m #### Classification - Sample Type: drill - Group ID: ALRC076:162.0-166.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: 15.02 g/t is an exceptional high-grade zone. - Positive factor: Bonanza Intercept Evidence · text > 4m at 15.02g/t from 162m ### ALRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-2) London-Victoria · gold #### Identity - Hole ID: ALRC076 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.81 - Grade Unit: g/t - Intercept: 17 m - From: 105 m #### Classification - Sample Type: drill - Group ID: ALRC076:105.0-122.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: A shallower, lower-grade intercept within the same hole. Evidence · text > 17m at 0.81g/t from 105m ### ALRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-3) London-Victoria · gold #### Identity - Hole ID: ALRC077 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 29 m - From: 147 m #### Classification - Sample Type: drill - Group ID: ALRC077:147.0-176.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: 29m width provides good continuity signal. - Positive factor: broad width Evidence · text > 29m at 0.9g/t gold from 147m ### ALRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-4) London-Victoria · gold #### Identity - Hole ID: ALRC077 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 1.24 - Grade Unit: g/t - Intercept: 5 m - From: 149 m #### Classification - Sample Type: drill - Group ID: ALRC077:149.0-154.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Higher grade sub-interval. Evidence · text > 5m at 1.24g/t from 149m ### ALRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-5) London-Victoria · gold #### Identity - Hole ID: ALRC077 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 1.43 - Grade Unit: g/t - Intercept: 9 m - From: 167 m #### Classification - Sample Type: drill - Group ID: ALRC077:167.0-176.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Higher grade sub-interval. Evidence · text > 9m at 1.43g/t from 167m ### ALRC078 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-6) London-Victoria · gold #### Identity - Hole ID: ALRC078 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.58 - Grade Unit: g/t - Intercept: 50 m - From: 119 m #### Classification - Sample Type: drill - Group ID: ALRC078:119.0-169.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: 50m width demonstrates broad mineralisation. - Positive factor: broad width Evidence · text > 50m at 0.58g/t gold from 119m ### ALRC078 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-7) London-Victoria · gold #### Identity - Hole ID: ALRC078 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 1.19 - Grade Unit: g/t - Intercept: 7 m - From: 160 m #### Classification - Sample Type: drill - Group ID: ALRC078:160.0-167.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Higher grade sub-interval. Evidence · text > 7m at 1.19g/t from 160m ### ALRC079 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-8) London-Victoria · gold #### Identity - Hole ID: ALRC079 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.83 - Grade Unit: g/t - Intercept: 14 m - From: 115 m #### Classification - Sample Type: drill - Group ID: ALRC079:115.0-129.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Standard mineralised intercept. Evidence · text > 14m at 0.83g/t gold from 115m ### ALRC079 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-9) London-Victoria · gold #### Identity - Hole ID: ALRC079 - Project: London-Victoria - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.56 - Grade Unit: g/t - Intercept: 20 m - From: 142 m #### Classification - Sample Type: drill - Group ID: ALRC079:142.0-162.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Standard mineralised intercept. Evidence · text > 20m at 0.56g/t gold from 142m ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-hits-rich-gold-intercept-below-london-victoria-resource--03bf30ac-aaf0-4c27-bc3f-d9f1b8cb09ec#fact-drill-facts-10) gold #### Identity - Commodity: gold - Ticker: ADD #### Geometry - Grade: 0.95 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Existing resource is based on historical drilling and is being targeted for upgrade. - Negative factor: historical drilling only Evidence · text > outside the resource of 3.8Mt at 0.95g/t, or 115,000oz contained gold ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.