Stavely hits 40pc Cu
STAVELY Minerals (ASX: SVY) has reported “outstanding” shallow, thick, high-grade copper-gold intercepts at its 100pc-owned Thursday Gossan prospect in Victoria, 250km west of Melbourne. The WA company’s shares skyrocketed 264pc to 87.5c with the results that included two intercepts: 32m at 5.88pc copper, and 1g/t gold and 58g/t silver at 62m. The intercepts also included 12m at 14.3pc copper, 1g/t gold and 124g/t silver at 62m down hole, and 2m at 40pc copper, 3g/t gold and 517g/t silver. Stavely said that the current phase of drilling was evaluating near-surface high-grade mineralisation while it reviewed all results and data from the deep diamond drilling at the source porphyry. Stavely described the mineralisation as a “massive to semi-massive sulphide and quartz sulphide…