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Stavely Minerals Ltd.

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Summary

Project:

Stavely

Deposit:Thursday's Gossan
Location:Australia
Commodities:Gold-Silver-Copper-Nickel-Cobalt
Date:9/26/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:26-9-2019: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 32m @ 5.88% Cu, 1.00g/t Au, 58g/t Ag from 62m. Stavely Minerals Limited (ASX Code: SVY – “Sta
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 made a significant 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). The Company has received assay results for the first diamond hole targeting shallow structurally controlled mineralisation within the Ultramafic Contact Fault (UCF) (see ASX release, 11 September 2019). The hole intersected a thick zone of shallow high-grade copper-gold-silver mineralisation with stunning grades of up to 40% copper. Together with visual observations of drill core from a second step-out hole located 160m to the south-west, which has also encountered a thick zone of massive to semi-massive mineralisation over a down-hole width of ~60 metres, the recent drilling represents a major exploration breakthrough for the Company.

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