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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursday's Gossan | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2017: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursday's Gossan deposit at the Stavely project. Drilling results incl. 48m @ 0.47% Cu, 0.15g/t Au, 2g/t Ag from 33m. Further to its ASX release of 23 August, Stavely | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Cairns (Internal) | |
| ABSTRACT: | Further to its ASX release of 23 August, Stavely Minerals Limited (ASX Code: SVY – “Stavely Minerals”) is pleased to report further strong porphyry-style grade copper-gold intercepts from its 100%-owned Stavely Copper Project in western Victoria (Figures 1, 2 and 3), with the latest results providing further evidence that its search for a significant porphyry coppergold deposit is gaining momentum. The Company has received the final batch of assay results from diamond drill ‘tails’ completed as a follow-up to a highly successful 20-hole RC drilling programme reported in early July at the Thursday’s Gossan copper deposit (see ASX announcement, 3 July 2017). The results include further significant porphyry-style copper-gold intercepts, including highgrade intervals of up to 4.02% Copper, 1.78 g/t gold and 123 g/t silver, giving the Company confidence that its conceptual exploration model is sound and that its targeting approach is paying dividends. Investors are advised to read this release in conjunction with the ASX release of 3 July 2017 announcing the original RC drill assay results (and associated discussion) and the subsequent ASX release of 23 August 2017 announcing assay results from diamond drill ‘tails’ from the northern pair of drill sections. | |
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