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Stavely Minerals Limited (ASX:SVY)

ALERT: Price-sensitive ASX Announcement for SVY
Current share price for SVY : $0.019 0.001 (5.56%)+
Announcement
Release
5 Nov 2025 9:47AM
Price at Release
$0.018
Full Release
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Summary
Stavely Minerals Limited announced strong soil auger results at the Fairview South prospect, suggesting a second parallel zone of gold mineralisation. This follows significant reconnaissance mapping and rock-chip sampling, which extended the prospect by 600m. Noteworthy assays from rock-chip samples returned high gold values, with a maximum of 25.60g/t. Previous RC drilling results were also strongly positive, with highlights including 40m at 1.96g/t gold from surface. These findings pave the way for an imminent Phase 3 RC drilling program aimed at testing the southern extension of the Fairview South prospect.
Key Points
  • Strong soil auger results indicate a second zone of gold mineralisation at Fairview South.
  • Reconnaissance mapping and rock-chip sampling extended the prospect 600m south.
  • High gold assay results from rock-chip samples, with one reaching 25.60g/t.
  • Positive previous RC drilling results, including 40m at 1.96g/t gold from surface.
  • Imminent Phase 3 RC drilling program planned to test southern extension.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.