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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursdays Gossan | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 7/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2020: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursdays Gossan deposit at the Stavely project. Drilling results incl. 9.7m @ 3.1% Cu, 0.97g/t Au, 26g/t Ag from 271m. An intensive resource drill-out is continuing | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Chris Cairns (Internal) | |
| ABSTRACT: | An intensive resource drill-out is continuing on the south-eastern end of this (now) 1.5km long discovery zone, with in-fill and step-out drilling continuing based on a roughly 40m x 40m drilling grid (Figures 2 & 3). The drill-out is well advanced and progressing well. Commenting on the latest results, Stavely Minerals’ Executive Chairman, Chris Cairns, said: “The Cayley Lode continues to deliver consistently good widths of high-grade copper, gold and silver mineralisation. Of particular note in these results is that holes SMD088 and SMD089, located on sections some 100m apart, both demonstrate that the mineralisation continues both above and below the low-angle structure and that the low-angle structure’s influence is simply a modest offset to the mineralisation. “Given that we have previously intersected similar mineralisation at drill depths of more than 900 metres on the North-South Structure, we have every expectation that the Cayley Lode mineralisation will extend to similar depths and possibly beyond. With this in mind, it is worth pointing out that a typical vertical rate of advance for a long-hole open-stoping underground mining operation is in the order of 50-60m per year. | |
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