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Stavely Minerals Reports Promising Gold Exploration Results and Secures Funding for Expansion

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Stavely Minerals Reports Promising Gold Exploration Results and Secures Funding for Expansion

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Stavely Minerals Ltd ( (AU:SVY) ) just unveiled an update.

Stavely Minerals Ltd reported significant assay results from its exploration activities at the Fairview North and South gold prospects in western Victoria. The company completed several RC drill holes, revealing high-grade gold mineralization, which is promising for low-cost extraction processes. The results indicate potential for extending the mineralization further south, enhancing the project’s scale. Additionally, Stavely Minerals received a $430,000 grant for its Hawkstone Ni-Cu Project, and ended the quarter with $1.2 million in cash, positioning the company well for continued exploration and development efforts.

More about Stavely Minerals Ltd

Stavely Minerals Ltd is a company operating in the mining industry, primarily focusing on exploration and development of mineral resources. The company is engaged in exploring gold and copper deposits, with a significant focus on its projects in western Victoria and Western Australia. Stavely Minerals controls a substantial tenure over the Stavely Arc, which is known for its potential for world-class gold mineralization.

Average Trading Volume: 1,238,011

Technical Sentiment Signal: Sell

Current Market Cap: A$9.79M

Find detailed analytics on SVY stock on TipRanks’ Stock Analysis page.

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