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Stavely Minerals Ltd ( (AU:SVY) ) has shared an update.
Stavely Minerals has reported encouraging assay results from a reconnaissance reverse circulation drilling program at the Freddy’s Find breccia-hosted gold prospect, part of its 100%-owned Stavely Copper-Gold Project in western Victoria. Wide-spaced 200m drilling across only about a quarter of the large, 2km by 750m hydrothermal breccia system intercepted multiple zones of epithermal gold-silver mineralisation over broad intervals, including up to 16m at gold-equivalent grades above 1g/t. Together with earlier 400m-spaced air-core drilling that also returned high-grade gold-equivalent intercepts more than 600m away, the latest results strengthen the case for a potentially large-scale epithermal gold-silver system at Freddy’s Find, underscoring significant exploration upside and suggesting substantial untested volume that could materially enhance the project’s longer-term development prospects if further drilling is successful.
The most recent analyst rating on (AU:SVY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Stavely Minerals Ltd stock, see the AU:SVY Stock Forecast page.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is an ASX-listed mineral exploration company focused on copper-gold projects in western Victoria, Australia. Its flagship Stavely Copper-Gold Project targets porphyry-related and epithermal mineral systems, positioning the company within the broader copper and precious metals exploration sector in the South-West Pacific Rim.
Average Trading Volume: 1,193,968
Technical Sentiment Signal: Sell
Current Market Cap: A$12.33M
For detailed information about SVY stock, go to TipRanks’ Stock Analysis page.