Excited Stavely paints bullish exploration picture

STAVELY Minerals is raising A$8.3 million and has again talked-up the huge potential it sees for its “multiple discovery opportunities” on its ground in western Victoria.

Excited Stavely paints bullish exploration picture Excited Stavely paints bullish exploration picture Excited Stavely paints bullish exploration picture Excited Stavely paints bullish exploration picture Excited Stavely paints bullish exploration picture

“While we have convincingly demonstrated that the Thursday’s Gossan prospect is an alkalic (and therefore highly prized) copper-gold porphyry, we still do not believe investors have fully grasped the magnitude of the potential in the multiple targets we have identified within our dominant tenure position in this emerging copper-gold belt,” Stavely said in a market release for the fund raising.

Late last year Stavely said geochemical analysis had showed results “comparable to those documented from many alkalic copper-gold porphyry systems from British Columbia, the Yukon, Alaska and Australia – including the Cadia Valley and North Parkes copper-gold deposits”.

Following the drilling at Thursday’s Gossan, Stavely is to d...