Pictured: Staveley Executive Chairman Chris Cairns
Staveley Minerals Ltd (ASX:SVY) has reported another “monster” hit at the Thursdays Gossan copper-gold project in Victoria, with 87m @ 1.745 copper, 0.57 g/t gold and 20 g/t silver in SMD087 at the Cayley Lode. Individual intervals grading 24% copper and 10 g/t gold were also included, as the company says such a hit from diamond drilling underscores the potential of the Cayley Lode.
“Due to the large overall interval of strong copper, gold and silver mineralisation in SMD087 and the significant gold grades in the high-grade sub-intervals, we consider this intercept to be on a par with the assays from the discovery drill hole SMD050,” Staveley executive chairman Chris Cairns said.
SVY shares are up almost 27% this morning at 68c/share.