Stavely Minerals Limited (ASX:SVY) Announces Gold Discovery Opportunities
Stavely Project Overview
Stavely Minerals Limited (ASX:SVY) reports significant advancements in its Stavely Project, focusing on the Stavely Volcanic Belt. The project encompasses extensive exploration activities aimed at uncovering high-grade copper, gold, and silver resources.
Cayley Lode Mineral Resources
The Cayley Lode remains a cornerstone of Stavely’s resource portfolio, boasting an estimated 28.3Mt at 0.75% Cu, 0.11g/t Au, and 3.5g/t Ag. This translates to 210,000 tonnes of copper, 100,000 ounces of gold, and 3.2 million ounces of silver, with mineralisation extending from the surface to 300m depth.
Gold Discovery Opportunities
Stavely has renewed its focus on gold exploration with multiple prospects, including Fairview North and Fairview South. Initial drilling at Fairview North has been completed, with assays pending to confirm structural interpretations. The S41 breccia-hosted gold prospect presents a multi-million ounce potential, supported by favorable geophysical anomalies and ongoing drilling programs.
Fairview Prospects
The Fairview North and South prospects are identified as priority targets within the fertile volcanic belt. Fairview North has shown promising drill intercepts, while Fairview South is associated with porphyry dykes, indicating robust gold mineralisation potential.
S41 Breccia-Hosted Gold Prospect
The S41 prospect is an emerging discovery with significant potential. Initial aircore drilling has returned promising gold and silver assays, and further Induced Polarisation (IP) geophysical programs are planned to map sulphide mineralisation. This prospect underscores Stavely’s commitment to uncovering high-value gold systems.
Motley Fool contributor Kiarra Jackson 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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