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Stavely Minerals Ltd.

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Summary

Project:

Stavely

Deposit:Thursday's Gossan
Location:Australia
Commodities:Gold-Silver-Copper
Date:4/23/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-4-2019: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 393m @ 0.32% Cu from 546m. Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is p
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 it has received highly encouraging assay results for recently completed diamond drill hole wedge SMD044W1 at the Thursday’s Gossan prospect, part of its 100%-owned Stavely Copper-Gold Project, located in western Victoria (Figures 1 and 2). The results received to date have returned the highest-grade intervals seen at Thursday’s Gossan to date, confirming the significance of the ‘mother’ drill hole SMD044 as a breakthrough hole, which encountered a very broad zone of copper sulphide mineralisation including the first significant intervals containing bornite mineralisation – the best visual intercept returned from the Project to date. SMD044W1 was commenced as a wedge hole from 538m in SMD044 and drilled to a final depth of 1,008.4m down-hole.

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