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Stavely Minerals Limited (ASX:SVY)

ALERT: Price-sensitive ASX Announcement for SVY
Current share price for SVY : $0.016 -0.002 (-8.82%)+
Announcement
Release
18 Jun 2026 10:37AM
Price at Release
$0.017
Full Release
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Summary
Stavely Minerals Limited has initiated diamond drilling at the Freddy's Find prospect within its Stavely Copper-Gold Project in western Victoria, Australia. The drilling aims to explore the depth potential of gold and silver mineralisation identified in previous reconnaissance geochemical RC drilling. The results from this initial drilling highlighted a significant hydrothermal breccia system hosting epithermal gold and silver deposits. These findings have prompted further exploration to evaluate both the epithermal target and potential porphyry-style mineralisation at depth. The drilling program will include both diamond and RC drilling to assess the larger-scale discovery potential.
Key Points
  • Stavely Minerals Limited has started diamond drilling at Freddy's Find.
  • The project is located in western Victoria within the Stavely Copper-Gold Project.
  • Initial RC drilling identified a hydrothermal breccia system with significant gold-silver mineralisation.
  • Diamond drilling aims to explore deeper beneath the previously identified mineralised zones.
  • The exploration includes testing potential large-scale porphyry targets.
  • A program of 10-12 RC drill holes will complement the diamond drilling efforts.
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.