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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver-Nickel | |
| Date: | 2/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-2-2020: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 75m @ 0.60% Cu. 0.19g/t Au, 5g/t Ag from 20m. Stavely Minerals Limited (ASX Code: SVY – “Stav | |
| 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 report significant new assay results from ongoing diamond drilling at the shallow high-grade copper-gold discovery at the Thursday’s Gossan prospect, part of its 100%-owned Stavely Copper-Gold Project in Victoria (Figure 1). As announced recently, the shallow copper-gold discovery on the Ultramafic Contact Fault has been named the Cayley Lode, after Geological Survey of Victoria senior geologist Ross Cayley. Diamond drill hole SMD064, located ~20m to the north-west of discovery drill hole SMD050 which returned an intercept of 32m at 5.88% copper, 1g/t gold and 58g/t silver from 62m down-hole (see Figures 2 & 3), returned a high-grade intercept (Figure 4) SMD064 is the only hole completed to date on this section. A working hypothesis is that SMD064 has intercepted a north-plunging high-grade shoot with the intercept being of similar grade and tenor to that intercepted by the discovery hole SMD050. Further drilling is planned in this sector of the Cayley Lode. | |
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