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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-11-2019: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 10.3m @ 3.09% Cu, 1.69g/t Au, 22.6g/t Ag from 201m. Stavely Minerals Limited (ASX Code: SVY – | |
| 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 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), is continuing to expand in several directions following the receipt of further assay results together with indications from ongoing drilling. The Company has received assay results for diamond drill hole SMD053, which is located 320m to the south-east of discovery drill hole SMD050 (Figures 2 and 3). The hole intersected a narrower zone of shallow copper-gold-silver mineralisation with stunning grades of up to 1 metre at 8.42% copper and 1.77g/t gold and 1m at 2.91% copper and 8.69g/t gold (Figure 4). Together with previously reported intercepts in the discovery hole SMD050 (32m at 5.88% copper, 1.00g/t gold and 58g/t silver from 62m including 12m at 14.3% copper, 2.26g/t gold) and step-out hole SMD051 (59m at 1.8% copper, 0.43g/t gold and 15.4g/t silver from 98m and 8m at 9.69% copper, 0.40g/t gold and 16.8g/t silver from 177m), the latest assays provide further evidence of the growing scale and significance of the zone of shallow structurally controlled mineralisation within the Ultramafic Contact Fault (UCF). | |
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