About Stavely Minerals
Stavely Minerals Limited (Stavely Minerals) (ASX: SVY) is a mineral exploration company formed to acquire early to advanced stage exploration projects with demonstrated high potential for additional discovery. The Company was admitted to the Official List of the ASX on 6 May 2014.
Stavely Minerals was founded and is operated by members of the former Integra Mining Limited management team with a track record of discovery and value creation.
Stavely Minerals’ assets, the Stavely, Yarram Park and Ararat Projects, are located in western Victoria in Australia.
The Stavely Project hosts an Inferred Mineral Resource of 28 Mt at 0.4% copper for 110kt of contained copper (gold and silver not estimated) in a chalcocite-enriched supergene blanket.
In September 2019, Stavely Minerals discovered high-grade, copper-gold-silver mineralisation, the Cayley Lode, at the Thursday’s Gossan prospect in the Stavely Project.
The Company is in a resource definition drill-out of the Cayley Lode which has returned high-grade copper-gold-silver mineralisation over a lateral extent of around 1.5km and drilling has intercepted mineralisation to depths of almost 1 kilometre.
The Company is targeting additional high-grade structurally controlled mineralisation as well as a copper-gold porphyry at depth at the Thursday’s Gossan prospect in the Stavely Project. The Stavely and Yarram Park Projects are located in the Stavely Volcanic Belt and are highly prospective for copper- gold porphyries.
The Ararat Project hosts Besshi-style VMS copper-gold-zinc mineralisation at Mt Ararat with 1.2 Mt at 2.0% copper 0.5g/t gold and 0.4% zinc in Inferred Mineral Resources. The Mt Ararat Deposit is open at depth and along strike. Stavely Minerals is targeting additional Sandfire-style VMS (volcanogenic massive sulphide) deposits in the Ararat Project. There are also indications of Stawell-style gold mineralisation at the Ararat Project.
New Wide Copper-Gold Intercepts Increase Confidence in Continuity of Mineralisation below the Low-Angle Structure and Expand Potential to South
Recent drilling enhances potential of the southern part of the deposit and points to a significant growth opportunity once drilling commences south of the railway line
Drilling Confirms Substantial Extensions to High-Grade Mt Ararat VMS Copper-Gold-Zinc Deposit
Strong drilling results highlight potential for Mt Ararat deposit to form part of an expanded project based on the Cayley Lode discovery
Board and Management Appointments
Appointments add further significant development and study experience as Stavely Minerals prepares to advance its Thursday’s Gossan Copper-Gold Project to the next level