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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-9-2019: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 37m @ 0.26% Cu from 664m. Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is ple | |
| 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 brief update on deep diamond hole SMD049, which was recently completed at the Thursday’s Gossan prospect, part of its 100%-owned Stavely Copper-Gold Project in western Victoria (Figures 1, 2 and 3). Hole SMD049 was designed to target the source porphyry believed to be responsible for high-grade structurally-controlled polymetallic epithermal copper-gold-silver mineralisation encountered in recent drilling (see recent ASX announcements). The hole, which was drilled from north to south, parallel to the mineralisation-hosting northsouth structure (NSS), has now been completed at 1,767.6m depth. While the hole is not believed to have intersected the source porphyry, as previously reported, the hole encountered appreciable molybdenite in porphyry A veins from 1,315m to approximately 1,440m down-hole. This is consistent with an outer molybdenite halo to a porphyry. After passing through a shear around 1,443 to 1,445m drill depth, from 1,458m actinolite alteration began appearing in the quartz diorite porphyry (QDP). From 1,465.5m, porphyry A veins with quartz ± actinolite and patchy disseminated magnetite and quartz-magnetite ± chalcopyrite porphyry M veins made an appearance. | |
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