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FOSTERVILLE EAST

PROJECT

Stavely Tasmania Pty Ltd (a wholly owned subsidiary of Stavely Minerals Limited) acquired an exploration licence (EL6668) in central Victoria approximately 10km east of the world-class 9 million-ounce Fosterville Gold Mine. 


The exploration licence is located over the hanging wall of the Heathcote Fault Zone in an analogous position to the Fosterville Gold Mine.

Regional Exploration Delivers Early Encouragement as Resource Drilling Resumes at Cayley Lode

Stavely’s exploration targeting criteria proving effective in identifying ‘blind’ porphyry intrusions with hydrothermal alteration and sulphides/veining seen in initial drilling

Major Regional Exploration Program Commences Across the Stavely Copper-Gold Project

Largest regional exploration initiative since the early 1970’s set to commence this month

Significant Intercepts Below the Low-Angle Structure Highlight Future Underground Potential at Cayley Lode

Significant new high-grade assay results received from drill hole SMD159, which intersected the Cayley Lode below the Low-Angle Structure (LAS) plus agreement now reached to secure access south of the railway line from 1 December