Stavely Minerals (ASX:SVY) Announces Fairview Gold Exploration Update
Exploration Update
Stavely Minerals Limited (ASX:SVY) reported progress on its Stavely Copper-Gold Project in Western Victoria. In June, the company completed a seven-hole Reverse Circulation (RC) drilling program at the Fairview North gold prospect, with assays pending. Additionally, a single RC drill-hole was completed at Fairview South, along with reconnaissance mapping and float rock-chip sampling extending the prospect by 600m south. Historical drilling at Fairview North revealed several gold intercepts, and ongoing assessments await assay results from recent holes.
Future Plans
Stavely plans to accelerate its gold exploration work programs in the second half of 2025 and into 2026, focusing on high-quality prospects including Fairview North, Fairview South, and the S41 breccia-hosted gold targets. Upcoming geophysical and air-core drilling will aim to identify the most prospective margins for deeper discovery-focused RC and diamond drilling.
Executive Comments
Chris Cairns, Executive Chair and Managing Director, said, “While our primary asset remains the high-grade Cayley Lode copper-gold-silver deposit and associated exploration targets, it’s important to remember that our tenure in Western Victoria is just as prospective for gold mineralisation as it is for copper. With gold exploration activities ramping up on several fronts, the second half of 2025 is shaping up as a very exciting several months in the field.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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