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Stavely Minerals Limited (ASX:SVY)

ALERT: Price-sensitive ASX Announcement for SVY
Current share price for SVY : $0.017 0.005 (41.67%)+
Announcement
Release
6 May 2026 10:12AM
Price at Release
$0.012
Full Release
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Summary
Stavely Minerals Limited announced plans for further drilling at the Freddy’s Find gold and silver prospect within its Stavely Copper-Gold Project in western Victoria. Initial reconnaissance RC drilling reported significant intercepts of epithermal gold-silver mineralisation, indicating a substantial hydrothermal breccia system. Upcoming plans include deep diamond drilling to explore beneath these mineralised intervals and testing a large-scale porphyry target southwest of Freddy’s Find. The company also continues its Scoping Study on copper-gold-silver production from other project areas.
Key Points
  • Planned follow-up drilling at Freddy’s Find gold and silver prospect.
  • Previous reconnaissance RC drilling confirmed a large hydrothermal breccia system.
  • Significant gold and silver mineralisation intersected: 16m at 1.09g/t AuEq from 46m in STRC0132, including 7m at 1.94g/t and 4m at 2.31g/t.
  • Plan to drill a deep diamond drill hole beneath mineralised intervals in STRC0132 in late-May.
  • Potential for large-scale porphyry-style hydrothermal system at S4 prospect southwest of Freddy's Find.
  • Continued progress on Scoping Study for copper-gold-silver production from Thursday’s Gossan and the Cayley Lode.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.