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Highlights:
- SVY records 40m at 1.96g/t gold from surface at Fairview South.
- The company's rock-chip sampling extends gold anomalism up to 600m south of drill-hole SFSRC001
- Assay results from Fairview North's 7-hole RC program are pending this month.
Stavely Minerals Limited (ASX:SVY) has reported initial assay results from its recent gold-focused reverse circulation (RC) drilling and exploration work at the Fairview South prospect, part of its 100%-owned Stavely Copper-Gold Project in western Victoria. The early-stage results, which include both drilling and rock-chip sampling, indicate a gold-bearing system potentially extending further south than previously confirmed.
A single RC drill-hole (SFSRC001) was completed at the Fairview South prospect. The hole returned an intercept of 40 metres at 1.96 grams per tonne (g/t) gold from surface. Within this broader interval, several higher-grade sections were observed, including 17m at 4.18g/t gold from 9m down-hole. That interval contains 9m at 7.15g/t gold from the same depth, with a standout result of 1m at 49.2g/t gold from 10m depth. The drill-hole was designed to confirm the location of gold mineralisation in advance of a broader follow-up program. Stavely Minerals noted that the mineralisation appears to be associated with intermediate and felsic intrusive rock phases based on geological observations during drilling.
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