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Stavely Minerals Ltd.

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Summary

Project:

Stavely

Deposit:Thursday's Gossan
Location:Australia
Commodities:Copper-Gold-Silver-Nickel
Date:1/30/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-1-2020: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 6.0m @ 3.95% Cu, 0.38g/t Au, 16g/t Ag from 156m. Stavely Minerals Limited (ASX Code: SVY – “S
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). The results received for holes SMD061 and SMD062, completed late last year in the southeastern sector of the discovery, have confirmed the up-dip continuity of the mineralisation in this area while also supporting the Company’s geological interpretation regarding the potential to substantially expand the discovery in this area. As reported previously, the shallow zone of mineralisation along the Ultramafic Contact Fault (UCF) has now been confirmed over a strike extent of approximately 700 metres and remains open in all directions (Figures 2 & 3). Diamond drill hole SMD062, located at the south-eastern extent of known mineralisation, returned strongly mineralised intercepts.

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