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Stavely Minerals Ltd ( (AU:SVY) ) just unveiled an update.
Stavely Minerals Ltd has reported promising assay results from its Phase 1 and Phase 2 Reverse Circulation (RC) drilling at the Fairview North gold prospect in western Victoria, highlighting several high-grade gold zones. The drilling has extended the known strike extent of shallow gold mineralization to over 300 meters, with significant intercepts indicating potential for further expansion. Additionally, the Fairview South gold prospect has shown outstanding results, with a single RC drill-hole intersecting high-grade gold zones and extending the prospect further south. The company has also completed a A$1.9 million placement to sophisticated investors, which will support ongoing exploration activities.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is a mining company focused on exploration and development of mineral resources, particularly gold, in Australia. The company is engaged in identifying and expanding gold prospects, with a significant focus on projects in western Victoria.
Average Trading Volume: 1,843,358
Technical Sentiment Signal: Sell
Current Market Cap: A$12.33M
For an in-depth examination of SVY stock, go to TipRanks’ Overview page.
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