Stavely Minerals Limited

  • Location: Australia
  • Tickers: ASX:SVY
  • Commodities: Copper, Gold, Silver
  • Project Stages: Exploration

Stavely Minerals Limited (ASX:SVY) is a mineral exploration company targeting high-grade structurally-controlled copper-gold mineralisation as well as deeper porphyry mineralisation at the Stavely Project, in western Victoria, Australia.

In September 2019, Stavely Minerals announced a copper-gold-silver discovery at the Cayley Lode with a drill intercept of 32m at 5.88% copper, 1.00g/t gold and 58g/t silver from 62m drill depth.  

In June 2022, the Company announced an initial Mineral Resource Estimate for the Cayley Lode mineralisation of 9.3Mt at 1.23% copper, 0.23g/t gold and 7.1g/t silver.  The high-grade mineralisation remains open down-plunge.

The Cayley Lode is considered to be analogous to the Magma, Arizona or Butte Montana lode-style copper mineralised systems that have a genetic link to causative porphyries.  In the case of the Magma copper vein system, it is underlain by the 2Bt at 2.5% copper endowed Resolution porphyry.

A recent review of drill data and core by renowned porphyry expert Dr Steve Garwin has concluded that the last few and deepest drill holes following the Cayley Lode copper-gold mineralisation is reflecting a near-porphyry mineral assemblage.  A phase of deep diamond drill holes are being completed to test for the causative porphyry.

Additionally, a phase of regional exploration has identified a number of additional porphyry / intrusive-related and epithermal discovery opportunities.

The management behind Stavely Minerals have a track record of exploration success, project execution and creation of shareholder value with companies such as Integra Mining, Independence Group, Sino Gold, and LionOre.

  • asx: svy

    • -0.005 (-3.85%)

* Based on previous 24 hours performance

  • asx: svy

    • -0.04 (-24.24%)

* Based on previous 7 days performance

  • asx: svy

    • -0.055 (-30.56%)

* Based on previous 12 weeks performance

  • asx: svy

    • -0.03 (-19.35%)

* Based on previous 12 months performance

Open 0.13500 Volume 154081
High 0.13500 52w High 0.33500
Low 0.12500 52w Low 0.12000
Close 0.12500

* 06 June 2023 (AUD)

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