Seven RC Holes Drilled at Fairview North as Stavely Targets Gold Expansion

Exploration Update at Stavely Copper-Gold Project

Stavely Minerals Limited (ASX:SVY) has provided a comprehensive update on its gold exploration activities at the 100%-owned Stavely Copper-Gold Project in Western Victoria. The recent focus has been on the Fairview North and Fairview South gold prospects, where a series of Reverse Circulation (RC) drilling programs were completed in June 2025. While assay results from these programs are still awaited, the company has unveiled a revised geological interpretation that significantly enhances the understanding of gold mineralisation in the region.

A +10km Mineralised Structure Emerges

Stavely’s updated structural model now considers Fairview North and Fairview South as part of an extensive mineralised corridor exceeding 10 kilometres in length, stretching from the Cayley Lode copper-gold-silver deposit in the north down to Fairview South. This reinterpretation suggests a continuous and potentially significant gold system controlled by major structural features, including en-echelon tension-gash arrays and strike-slip faults. The Fairview North prospect, in particular, has been confirmed as a classic epithermal gold system with quartz-pyrite-gold mineralisation, while Fairview South shows a close association between gold and felsic to intermediate intrusive dykes.

Recent Drilling and Historical Context

In June, Stavely completed seven RC drill holes at Fairview North aimed at confirming the orientation and dip of previously identified gold mineralisation. Additionally, a single RC hole was drilled at Fairview South to verify historical intercepts, complemented by reconnaissance mapping and float rock-chip sampling that extended the prospect 600 metres further south. Historical drilling at both prospects has yielded encouraging shallow gold intercepts, including intervals exceeding 5 grams per tonne over several metres, underscoring the prospects’ potential.

Strategic Shift Towards Gold

While the Cayley Lode remains Stavely’s flagship high-grade copper-gold-silver asset, the company has recently pivoted to aggressively pursue gold targets within its tenure. Executive Chair and Managing Director Chris Cairns highlighted the strategic importance of this shift, noting that the Stavely Arc hosts multiple world-class gold mineralisation styles. The upcoming months will see accelerated exploration activities, including geophysical surveys and air-core drilling, particularly targeting the S41 breccia-hosted gold prospect, which may hold the greatest scale potential among the gold targets.

Unlocking Value Through Operational Flexibility

Beyond discovery potential, Stavely Minerals is exploring how successful gold exploration could enhance the value of the Cayley Lode deposit. The addition of a sulphide concentrator circuit to a gold processing plant could provide operational flexibility and diversify income streams, potentially lowering capital costs and improving project economics. This integrated approach reflects a nuanced strategy to maximise returns from the Stavely Project’s polymetallic endowment.

Looking Ahead

With assay results pending and further drilling planned to test the revised structural interpretations, Stavely Minerals is positioning itself for a pivotal second half of 2025. The company’s methodical approach to exploration, combined with its extensive landholding and historical data, sets the stage for potentially transformative discoveries in Western Victoria’s emerging gold province.