Assay TV is joined by Chris Cairns, executive chairman and managing director of Stavely Minerals (ASX: SVY), a mineral resource company currently focused on the exploration and development of the Stavely, Yarram Park, and Ararat copper-gold-silver projects in western Victoria, Australia.
Chris explains that in September 2019, Stavely discovered shallow, high-grade, structurally controlled copper-gold-silver mineralization – the Cayley Lode, at the Thursday’s Gossan prospect on RL2017. He says that the Cayley Lode shows some strong similarities with the Butte and Magma deposits.
Chris also goes on to say that in June 2022, the company announced an initial MRE for the Cayley Lode mineralization and an updated MRE for the Thursday’s Gossan Chalcocite Blanket and the Carroll’s VMS deposits.
The combined total for Thursday’s Gossan and Carroll’s MRE’s includes indicated resources of 21.5Mt at 0.61% Cu, 0.10g/t Au and 3.1g/t Ag and inferred resources of 6.8Mt at 1.2% Cu, 0.1g/t Au and 4.7g/t Ag.
Website: www.stavely.com.au
Primary ticker: ASX:SVY
Stages of development: Exploration, Development
Commodities: Copper, Gold, Silver
Project to promote: Stavely
Project location: Australia
Mining investment news, insights, and company profiles
The Assay TV – Chris Cairns, Executive Chairman & Managing Director, Stavely Minerals (ASX:SVY) – 22/11/2022
