Stavely Project Tenement Acquisition and New Ararat Project Joint VentureApril 10, 2015
Deals to expand acreage reflect Stavely’s confidence in the copper and gold exploration potential at both projects
• Stavely Project – Stavely Minerals has acquired EL 5478 from Diatreme Resources Limited
• Ararat Project – Stavely Minerals has entered into a Joint Venture with Minotaur Operations Pty Ltd for EL 5403 and EL 5450
Stavely Minerals Limited (ASX Code: SVY) is pleased to advise that the Company has completed two transactions to expand its land holdings at both the Stavely and Ararat Project areas.
These transactions reflect Stavely’s confidence in the potential for these areas to host meaningful additional discoveries of copper and gold mineralisation.
Stavely Minerals’ Managing Director Mr Chris Cairns said: “We see these transactions as representing a relatively low-cost extension of our existing holdings in the Ararat and Stavely Projects. We view the potential for additional discovery as very real, especially given the size and quality of our existing Mineral Resources1 and the relative lack of even basic exploration within these two belts with proven metals endowment”.