Drill bit plus brains snares Thursday's Gossan

STAVELY Minerals’ success at the strongly emerging Thursday’s Gossan prospect in western Victoria came from the time-honoured combination of technical knowledge and exploration “brute force”.

Drill bit plus brains snares Thursday's Gossan Drill bit plus brains snares Thursday's Gossan Drill bit plus brains snares Thursday's Gossan Drill bit plus brains snares Thursday's Gossan Drill bit plus brains snares Thursday's Gossan

Stavely’s managing director Chris Cairns indicated at the RIU Explorers Conference in Fremantle how the decision to drill two fence lines of holes either side of historic drill hits at Thursday’s Gossan was key.

The previous drilling was done by BCD, and back in 2003 by Newcrest Mining.

Following the “brute force” drilling campaign by Stavely, the “penny started to drop” Cairns said.

He again drew analogies with Newcrest’s Cadia-Ridgeway discoveries in New South Wales, where seven exploration campaigns had been waged prior to the discovery of gold that (given copper credits), would generate gross profits of A$7.2 billiion at today’s bullion price.

Cairns said there had be...