How Stavely Minerals’ Soil Sampling Unveils 400m Gold Anomaly Extension at Fairview South

Expanding the Gold Footprint at Fairview South

Stavely Minerals Limited has announced a significant extension of gold anomalism at its Fairview South prospect, part of the broader Stavely Copper-Gold Project in western Victoria. Recent soil auger geochemistry results reveal that the gold anomaly extends at least 400 metres further south from the initial Phase 1 reverse circulation (RC) drill-hole, SFSRC001, which delivered an impressive intersection of 40 metres at 1.96 grams per tonne (g/t) gold from surface.

This intersection notably included higher-grade zones such as 17 metres at 4.18 g/t from 9 metres down-hole, and a standout 1 metre interval grading 49.2 g/t gold. These results underscore the prospect’s potential and have informed the planning of the upcoming Phase 3 drilling campaign.

Multi-Element Geochemistry Guides Next Steps

The soil auger program, comprising approximately 140 samples collected on 80-metre spaced lines with 20-metre sample intervals, was designed to extend exploration beyond previous limits. Importantly, multi-element analysis identified lead as a reliable proxy for gold mineralisation in this weathered environment, due to its relative immobility. This insight enhances targeting precision for the next round of drilling.

Lead geochemistry aligns with rock chip sampling that also supports the southward extension of mineralisation, with several float samples returning gold grades exceeding 1 g/t, including a remarkable 25.6 g/t assay. These findings collectively suggest a robust mineralised system extending well beyond the initial drill footprint.

Drilling Progress and Anticipated Results

Following the success of SFSRC001, a second drill hole, SFSRC002, has been completed as a step-out beneath the initial intercept, with assay results pending. Concurrently, 23 RC holes have been drilled at the nearby Fairview North prospect, also awaiting assay results. Stavely’s management anticipates a busy period ahead as these results come in and further drilling is mobilised.

Additionally, Stavely plans to incorporate drilling at the S41 breccia-hosted gold prospect into the upcoming Fairview South program, reflecting a strategic focus on expanding known mineralisation zones and testing new targets within the project area.

Strategic Implications for Stavely Minerals

Executive Chair and Managing Director Chris Cairns highlighted the company’s refocused emphasis on gold potential, noting that the recent soil auger results provide a solid foundation for the next phase of drilling. The integration of multi-element geochemistry with drilling data exemplifies a methodical approach to exploration, aiming to delineate the extent and continuity of mineralisation.

While assay results from the latest drilling remain pending, the combination of high-grade intercepts and geochemical anomalies bodes well for the project’s advancement. The company’s ongoing work at both Fairview South and Fairview North signals a concerted effort to unlock value from this emerging gold province.