Stavely, market encouraged by Thursday's Gossan

STAVELY Minerals is continuing to get encouragement from its Thursday’s Gossan copper-gold prospect in Victoria, hitting a very broad, low grade zone of mineralisation in one of its so-called “sighter” drill targets.

Stavely, market encouraged by Thursday's Gossan Stavely, market encouraged by Thursday's Gossan Stavely, market encouraged by Thursday's Gossan Stavely, market encouraged by Thursday's Gossan Stavely, market encouraged by Thursday's Gossan

The drilling assayed 283m at 0.16% copper, and included intervals of 34m at 0.31% copper; 6m at 0.5% copper and 0.14 grams per tonne gold; and 9m at 0.34% copper and 0.10gpt gold.

While Stavely now believes the main target lies to the north of the section on which this hole was drilled, it still considers the hit “very encouraging and very similar to pre-discovery exploration drill intercepts at the Cadia-Ridgeway gold-copper deposit”.

Another drill hole is in progress, after which the current plan is for the rig to mobilise to the Toora West IP target, some 15km to the northwest.

Following drilling at Toora West, the rig will return to Thurday’s Gossan.

Both prospects ar...