STAVELY MINERALS LIMITED

STAVELY MINERALS LIMITED (ASX: SVY)

Three deep diamond drill holes completed at Thursday's Gossan, intersecting zinc-rich mineralisation, but primary target remains untested.
Drilling difficulties encountered due to major structural zone and winter rains; alternate drill hole planned to resume in September.
Stavely Minerals remains confident in the discovery potential below the Cayley Lode and is evaluating business development initiatives to enhance shareholder value.

2023-05-31 09:27:00

New gold-silver mineralization discovered within an extensive breccia system at the S41 prospect in Stavely Copper-Gold Project in western Victoria.
Initial diamond drill-hole completed at S41 intersects low-level gold-silver mineralization in a poly-phase diatreme breccia.
Additional air-core and diamond drilling planned to further map out this significant hydrothermal mineralized system and identify areas with higher gold grades.

2023-05-26 09:21:00

Stavely Minerals Limited will acquire Chalice Mining Limited's Hawkstone Nickel-Copper-Cobalt Project in the West Kimberley region of Western Australia.
The project is located along strike from the high-tenor Merlin Ni-Cu-Co discovery by the Buxton Resources/IGO JV.
The acquisition will be for a consideration of $1.4 million of equivalent value in Stavely Minerals shares.

2023-05-23 12:46:00

Significant gold, copper, and silver assays with elevated base metals and pathfinder elements returned from follow-up air-core drilling at the S41 prospect.
A large hydrothermal alteration system approximately 2km long has been defined, with widespread sericite-silica-pyrite alteration and associated geochemical anomalism.
Diamond drilling is planned to test ~300m below the gold-silver intercept, and air-core drilling results show promising silver intercepts at the Northern Flexure prospect and REE intercepts at the Narrapumelap REE prospect.

2023-04-19 09:18:00

Air-core drilling across regional targets has commenced with initial drilling underway in the Junction 3 target area.
Air-core drilling of the Narrapumelap soil auger Rare Earth Element (REE) anomaly is scheduled to commence by the end of this week.
Drilling of an initial panel of 4 x 800m diamond drill holes will commence imminently.

2023-01-19 08:18:00