Fairview North Drilling Yields 59m at 1.31g/t Gold Including 3m at 10.81g/t
Stavely Minerals has launched a new phase of drilling at its Fairview North gold prospect following impressive high-grade assay results, aiming to expand known mineralisation along strike. Concurrent soil sampling at Fairview South is set to guide further exploration.
- New Reverse Circulation drilling underway at Fairview North
- Recent assays reveal high-grade gold zones within broad shallow mineralisation
- Drilling aims to confirm gold orientations and extend mineralisation north and south
- Soil auger program progressing at Fairview South to inform next drilling phase
- Historical and recent results confirm consistent moderate to high-grade gold presence
Renewed Focus on Gold at Stavely
Stavely Minerals Limited has reignited its gold exploration efforts at the Fairview North prospect within its 100%-owned Stavely Copper-Gold Project in western Victoria. This move follows a series of encouraging assay results from recent Reverse Circulation (RC) drilling, which uncovered several high-grade gold zones embedded within broader, shallow mineralised intervals.
The current drilling campaign is designed to validate the orientation of these gold zones and extend the known mineralisation both north and south along strike. Early results from drill holes such as SFRC006, which returned 59 metres at 1.31 grams per tonne (g/t) gold from surface, including standout intercepts of 3 metres at 10.81 g/t and 4 metres at 5.05 g/t, highlight the prospect’s significant potential.
Building on a Strong Foundation
These recent findings build on earlier drilling phases and historical exploration data that consistently demonstrated moderate to high-grade gold mineralisation at Fairview North. Notably, the company’s 2017 drilling intersected broad zones of gold mineralisation, reinforcing the prospect’s continuity and scale. Stavely’s Executive Chair and Managing Director, Chris Cairns, emphasised the strategic importance of these results, noting the potential to unlock further value by targeting flexures within the structural corridor that hosts the mineralisation.
Alongside the drilling at Fairview North, Stavely is advancing a soil auger sampling program at the nearby Fairview South prospect. Approximately 75% complete, this program aims to refine drill targeting by identifying new zones of gold mineralisation. The integration of soil geochemistry with drilling results is expected to accelerate the company’s exploration momentum across both prospects.
Looking Ahead
With drilling now underway to confirm and expand the gold footprint at Fairview North, Stavely Minerals is positioning itself for a busy period of exploration activity. The company plans to extend reconnaissance air-core drilling beyond the currently defined gold zones to the northwest and southeast, areas that remain underexplored. This comprehensive approach reflects a confident strategy to delineate a robust gold resource within the broader copper-gold project.
While definitive resource estimates and development timelines remain forthcoming, the consistent presence of shallow, high-grade gold mineralisation offers a promising outlook. Investors and analysts will be watching closely as further assay results and soil sampling data emerge, potentially reshaping the valuation and prospects of Stavely Minerals in the competitive gold exploration landscape.
Bottom Line?
Stavely’s expanding gold footprint at Fairview signals a pivotal phase in its exploration journey, with upcoming results poised to shape its market trajectory.
Questions in the middle?
- How will upcoming drilling results influence Stavely’s resource estimates and project valuation?
- What are the implications of extending drilling to underexplored areas northwest and southeast of current gold zones?
- How might the integration of soil auger data from Fairview South refine future exploration targets?
