Stavely Minerals Receives Over $1M in Offers of Victorian Government Exploration Incentive Co-funding

June 28, 2016

Enables testing of major copper-gold exploration targets to be advanced from next quarter with co-funding from the Victorian Government’s TARGET Mineral Exploration Incentive

Highlights

  • Major porphyry/intrusive-related and VMS copper-gold exploration targets identified by Stavely at its key projects in Western Victoria to be tested this year following receipt of over $1M in offers under the Victorian Government’s TARGET exploration initiative
  • Geophysical, geochemical and drilling programmes for which co-funding has been offered, with activities scheduled to begin from late next quarter, include:
    • Geophysics and drill testing for copper-gold mineralisation associated with the second-phase porphyry intrusion at the Thursday’s Gossan prospect;
    • Geophysics and drill testing for copper-gold mineralisation associated with an untested interpreted porphyry intrusion/diatreme breccia at the Toora West prospect;
    • Drill testing for copper-gold mineralisation associated with an untested ‘blind’ porphyry intrusion at Mt Stavely;
    • Geophysics at the Fairview gold prospect;
    • Regional reconnaissance aircore geochemical drilling at the Stavely Project;
    • Regional geophysics in the Ararat Project;
    • Drilling of copper-gold targets identified by the regional geophysical programme at the Ararat Project;
    • Down-hole geophysics at the Carroll’s VMS prospect; and
    • Drill testing of an off-hole conductor identified from down-hole geophysics at Carroll’s VMS prospect.

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