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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:3/26/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:26-3-2019: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 24.0m @ 0.15% Cu from 1001m. 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 provide an update on recent drilling progress at the Thursday’s Gossan prospect, part of its 100%- owned Stavely Copper-Gold Project in western Victoria (Figures 1 and 2), where a recently completed wedge hole, SMD044W1, has provided further important geological information to assist in vectoring into the centre of the porphyry system. Visual inspection of the diamond drill core from SMD044W1 broadly correlates with the partial assay results reported recently for the top 980m of the breakthrough hole SMD044 (see ASX announcement, 12 March). This hole returned the thickest and highest-grade intervals seen at Thursday’s Gossan to date, including the first significant intervals containing bornite mineralisation. This follows the re-orientation of the drilling angle based on the new interpretation of the potential location of the porphyry outlined recently (see ASX announcement, 18 January)

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