Stavely Hits Thick Zone of Strong Near-Surface Gold Mineralisation at Fairview North

April 18, 2017

Impressive intercept of 30m at 1.4 g/t Au including 11m at 2.4 g/t Au follows new structural interpretation which opens up the prospect for further drilling

Highlights

  • Drill testing based on a reinterpretation of the structural controls on gold mineralisation at the Fairview North gold prospect in Victoria has returned a wide mineralised interval of:
    • 30 metres at 1.4 g/t gold from 47 metres drill depth, including
      • 11 metres at 2.4 g/t gold
    • Previous drilling at Fairview North produced shallow but inconsistent high-grade gold intercepts such as:
      • 2 metres at 16.1 g/t gold;
      • 6 metres at 6.1 g/t gold;
      • 6 metres at 4.6 g/t gold;
      • 6 metres at 3.5 g/t gold; and
      • 4 metres at 3.9 g/t gold
    • Reinterpreted structural controls envisage a series of stacked, shallowly NW plunging sub-horizontal zones of gold mineralisation.
    • This explains why historical holes drilled vertically and inclined towards a NE direction produced such inconsistent results.
    • Further drilling planned, specifically targeting the revised geometry of the gold mineralised veins.

CLICK HERE FOR FULL ANNOUNCEMENT