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Stavely Minerals Ltd.
Summary
| Project: | Stavely | |
|---|---|---|
| Deposit: | Thursdays Gossan | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 5/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2020: Stavely Minerals Ltd. announces an Exploration/Drilling Update report for its Thursdays Gossan deposit at the Stavely project. Drilling results incl. 85.3m @ 0.82% Cu from 32m. 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 report significant new assay results from the ongoing resource drilling programme 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). An intensive resource drill-out is currently underway on the south-eastern end of this (now) 1.5km long discovery zone, with in-fill and step-out drilling continuing based on a roughly 40m x 40m drilling grid. The drill-out is already over 50% complete and progressing well. Recently completed diamond drill hole SMD085, collared south of the railway line some 300m to the south of the previous southern-most mineralised intercept in drill hole SMD053, intersected the Cayley Lode on the Ultramafic Contact Fault at 356-361m down-hole and below the LAS (which was intercepted at around 300m down-hole). Assays for this hole are pending. This is a ‘blind’ intercept under the LAS and was predicted by Stavely’s structural model for the area – a significant and exciting development (see Figure 9 and Photo 1). The Cayley Lode remains open along strike both to the north-west and south-east and downdip. | |
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