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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2018: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 314m @ 0.11% Cu from 522m. Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Cairns (Internal) | |
| ABSTRACT: | Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is pleased to advise that recent diamond drilling at its 100%-owned Thursday’s Gossan prospect in the Stavely Copper-Gold Project, located in western Victoria (Figure 1), has intersected a significant zone of high-sulphidation, high-grade epithermal style mineralisation. The discovery adds an exciting new dimension to the Company’s ongoing search for a worldclass porphyry copper-gold system at Thursday’s Gossan, complementing the growing evidence from its drilling programme that its targeting strategy to vector into the heart of the porphyry system remains firmly on track. Recent drilling at Thursday’s Gossan has been designed to follow up on previous porphyry ‘M’ vein intercepts below the Low-Angle Structure (LAS) in drill holes SMD017 and SMD024 (Figure 2) and to test magnetic features that may reflect ‘M’ veins or disseminated magnetite associated with copper-gold mineralisation. The drilling is aiming to progress into the hotter part of the mineralised system, where higher-grade copper and significantly higher-grade gold are expected to be located. Assay results from drill holes SMD031 and SMD032 have been received. These drill holes were targeting aeromagnetic anomalies ‘B’ and ‘C’ respectively (Figure 3). | |
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