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.
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
Toora West Strong Evidence of Emerging Porphyry Discovery
Further encouraging indications from shallow air-core drilling ~15km NW of the Thursday’s Gossan prospect provide a strong target for deeper diamond drilling