Has Stavely Minerals found another Kalgoorlie in Western Victoria, asks Barry Fitzgerald?November 03, 2017
Excitement is building that junior explorer Stavely Minerals (ASX: SVY) is onto a big porphyry copper and gold discovery beneath flat wheat and canola fields in the shadows of the Grampians in western Victoria, reports Barry Fitzgerald in Stockhead.
Porphyry — a crystal-like orebody formed from molten rock — is the world’s main source of copper.
Stavely managing director Chris Cairns leads the cheer squad, saying last week the size of the prize could be globally significant. Think of finding another Kalgoorlie in western Victoria is how he likes to put it.
Such a find deep beneath Stavely’s Thursday’s Gossan near Glenthompson would be a first for the region, a 3-hour drive west of Melbourne and better known for its cropping, its fine red and sparkling wines, and bushwalking tourism.