Stavely Minerals Strikes Significant Gold at Fairview South Discovery

Stavely Minerals Strikes High-Grade Gold at Fairview South

Stavely Minerals Limited (ASX: SVY) has announced outstanding gold assay results from its Fairview South prospect, part of the company's 100%-owned Stavely Copper-Gold Project in western Victoria.

Significant Gold Intersection in First Drill Hole

The company's recently completed reverse circulation (RC) drill hole at Fairview South (SFSRC001) has returned exceptional gold assays, intersecting:

• 40 meters at 1.96 g/t gold from surface, including:
  • 17 meters at 4.18 g/t gold from 9 meters, including:
    • 9 meters at 7.15 g/t gold from 9 meters, including:
      • 1 meter at 49.2 g/t gold from 10 meters

This thick zone of high-grade gold mineralisation suggests significant potential at the Stavely Minerals Fairview South gold discovery, which is located along a large structural trend extending over 10 kilometers. Similar to recent results from Matsa Resources' high-grade gold findings, these intercepts demonstrate the continued prospectivity of Australian gold projects.

Rock Chip Sampling Extends Gold Potential

Reconnaissance mapping and float rock-chip sampling conducted south of the drill hole has extended the gold mineralisation up to 600 meters further south. Rock chip assays from gossanous float material returned several high-grade gold values, including:

• 25.60 g/t gold in gossan with boxworks hosted in siltstone
• 8.79 g/t gold in brecciated quartz vein and gossan in altered felsic volcanic
• 4.49 g/t gold in brecciated quartz vein and gossan in altered siltstone
• 1.78 g/t gold in quartz vein and gossan fragments

A sample located approximately 400 meters south of the drill hole returned 0.41 g/t gold, demonstrating the potential strike extent of the mineralisation at the Stavely Minerals Fairview South gold discovery. The identification of these promising targets follows a similar methodology to Austin Metals' recent identification of high-priority gold targets.

"We are very pleased to have such a strong gold result from our first RC drill-hole at Fairview South. The gold mineralisation at Fairview South would appear to have a close, and possibly genetic, relationship with logged intermediate and felsic intrusive phases. We are very encouraged by the potential for scale in this style of gold mineralisation," commented Chris Cairns, Executive Chair and Managing Director of Stavely Minerals.

Understanding Epithermal Gold Systems

The gold mineralisation at the Stavely Minerals Fairview South gold discovery shows characteristics of a low-sulphidation epithermal gold system. These systems typically form near the surface (within 1-2 kilometers of depth) when mineral-rich fluids rise through the earth's crust and cool as they approach the surface.

Key Features of Epithermal Gold Systems

Epithermal gold deposits form in specific geological environments, typically associated with volcanic activity. At Fairview South, several important features have been identified:

1. Mineral Alteration: The presence of sericite (a mica mineral), albite (a feldspar mineral), and K-spar (adularia) alteration is characteristic of epithermal systems.

2. Vein Structures: Quartz-sulphide veins containing minerals such as chalcopyrite, sphalerite, galena, and gold are typical in this style of mineralisation.

3. Intrusive Association: The gold at Fairview South has a close spatial and likely genetic relationship with intermediate and felsic intrusive dykes (igneous rock bodies that cut across existing rock layers).

Low-sulphidation epithermal deposits can be highly attractive exploration targets as they often contain high gold grades and can form substantial deposits with favourable metallurgy (how easily the gold can be extracted from the ore).

Strategic Location and Structural Setting

The Fairview South gold prospect has several appealing attributes that enhance its potential:

1. Located at the structural intersection of a north-south gold mineralised trend between Fairview South and Fairview North, and a clear west-northwest cross-cutting structural trend

2. Situated on the margin of a distinct gravity low, likely associated with a series of rhyolite intrusions

3. Gold mineralisation shows strong association with intermediate and felsic intrusive phases

This structural setting at the intersection of major features creates an ideal environment for concentrating gold mineralisation, making the Stavely Minerals Fairview South gold discovery particularly promising. In the mining sector, strategic positioning is crucial, as demonstrated by Lucapa's recent securing of a majority stake in a significant diamond project.

Next Steps for Fairview South

Stavely Minerals has outlined its forward program at Fairview South:

• Soil auger sampling on 80-meter spaced lines with 20-meter sample spacing along the lines
• Sampling will extend into the paddock south of drill hole SFSRC001 and over the area of gold mineralised and anomalous float rock chips
• Results will guide follow-up RC drilling

The company is also awaiting assay results from seven RC drill holes recently completed at the Fairview North gold prospect.

"Our forward program, to be completed in August, will include a comprehensive soil auger sampling program that will inform the drill-hole planning for an RC drilling program to follow immediately on the interpretation of the soil auger results," stated Chris Cairns.

Why Investors Should Track Stavely Minerals

Stavely Minerals presents a compelling investment case based on several key factors:

1. Proven Discovery Team: Led by Chris Cairns, Executive Chair and Managing Director, the company has a track record of successful mineral discoveries and development.

2. Multiple Gold Targets: The company has identified a 10+ kilometer structural corridor with two advancing gold prospects at Fairview North and South, providing multiple opportunities for discovery.

3. High-Grade Potential: Initial drilling has demonstrated the potential for thick, high-grade gold mineralisation with values up to 49.2 g/t gold.

4. Large Land Position: Stavely controls a significant land package in western Victoria, an underexplored region with proven gold endowment.

5. Dual Commodity Exposure: In addition to the gold potential highlighted in this announcement, Stavely also has significant copper assets within its project portfolio, similar to Hammer Metals' recent gold-copper discoveries in Queensland.

Stavely Minerals' refocus on the gold potential across the Stavely Project comes at a time when the gold price remains strong. With multiple targets to test and a systematic exploration approach, the company is well-positioned to build on these initial promising results at the Stavely Minerals Fairview South gold discovery.

With drilling activity continuing and further assay results expected soon from Fairview North, investors should monitor developments as exploration progresses across this promising gold trend. Furthermore, the company's approach mirrors successful strategies seen in other commodities, such as Vital Metals' advancement of rare earth projects with strategic funding.

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