For thousands of other reports visit RSC's Mineral Intellingence Map
Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2018: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 283m @ 0.16% Cu from 26m. Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is pl | |
| 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 a further update from the current diamond drilling programme at its 100%-owned Stavely Copper-Gold Project in western Victoria (Figures 1 and 2), where ongoing drilling at the Thursday’s Gossan porphyry target continues to deliver significant encouragement. The current ‘sighter’ drill programme follows on from previously announced copper, gold and silver mineralised drilling intercepts and technical results (see ASX announcements of 3 July 2017, 23 August 2017, 5 September 2017 and 20 November 2017). Over the past several months drilling at Thursday’s Gossan has been systematically progressing with the objective of discovering copper-gold mineralisation associated with an alkalic porphyry system, similar to the Cadia Valley or the North Parkes copper-gold mines in central New South Wales. The Cadia-Ridgeway gold-copper deposit had total production to March 2012 of 76.7Mt at 1.83 g/t gold and 0.63% copper for a contained 4.5 million ounces of gold and 483,000 tonnes of copper Recent drilling has strongly vindicated the application of this mineralisation model, with four recent ‘sighter’ diamond drill holes intersecting both inner-propylitic hematiteepidote alteration in drill holes SMD013 and SMD014, as well as sodic-potassic hydrothermal alteration hosting significant widths of early proximal magnetite-rich ‘M’ veins and associated fine sulphides in drill holes SMD015 and SMD016 | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report