Stavely Minerals Targets Deeper Gold-Silver Zones at Freddy’s Find with New Porphyry Drilling

Significant Gold-Silver Mineralisation Confirmed at Freddy’s Find

Stavely Minerals (ASX:SVY) has revealed promising results from wide-spaced reconnaissance reverse circulation (RC) drilling at its Freddy’s Find prospect within the Stavely Copper-Gold Project in western Victoria. The drilling, conducted at 200-metre collar spacings, has confirmed a large hydrothermal breccia system measuring approximately 2 kilometres by 750 metres. Multiple zones of epithermal gold and silver mineralisation were intersected, including a standout 16-metre interval grading 1.09 grams per tonne gold equivalent (AuEq) from 46 metres downhole in drill hole STRC0132.

The mineralisation is hosted within a hydrothermal breccia exhibiting intense alteration and sulphide mineralisation over intervals exceeding 100 metres. Other notable intercepts include 7 metres at 1.94g/t AuEq from 53 metres and 4 metres at 2.31g/t AuEq from 56 metres. These results build on earlier air-core drilling spaced at 400 metres, which returned 4 metres at 2.32g/t AuEq from 96 metres in STAC0115.

Upcoming Deep Diamond Drilling to Test Porphyry Potential

Stavely plans to commence a deep diamond drill hole in late May, positioned 80 metres behind STRC0132, to test beneath the broad gold-silver mineralised intervals. The diamond tail is planned to extend approximately 300 metres below the base of the basalt cover. The company believes the alteration and metal assemblage observed so far, characterised by phyllic-style silica-sericite-pyrite alteration, could evolve into a hotter porphyry copper-gold system at depth.

Chair and Managing Director Chris Cairns emphasised the scale of the opportunity, highlighting the potential for a large porphyry system beneath Freddy’s Find. He noted the planned drilling aims to delineate the extent of mineralisation and to explore the possibility of multiple mineralisation overprints within this fertile hydrothermal system.

New Large-Scale Porphyry Target at S4 Prospect

Adjacent to Freddy’s Find, Stavely has identified a substantial gravity low at the S4 prospect, similar in size and intensity to the gravity anomaly associated with the Thursday’s Gossan area, which hosts the Cayley Lode copper-gold-silver mineralisation currently under a Scoping Study. Historical air-core drilling spaced at 400 metres in the S4 area has indicated geochemical signatures consistent with porphyry-style hydrothermal alteration and mineralisation, including anomalous gold, sulphur, molybdenum, arsenic, antimony, zinc, and lead.

The company plans approximately 10 reconnaissance RC holes to test this new target and a Freddy’s Find look-alike target nearby, potentially expanding the mineralised system to an estimated 3-kilometre diameter. This exploration step aligns with Stavely’s broader strategy to define a multi-phase porphyry complex in the region.

Geochemical Insights and Exploration Context

Further geochemical analysis of STRC0132 reveals three distinct zones of gold-silver mineralisation, interpreted as two different mineralisation styles: an earlier, hotter 'chalcophile' affinity zone rich in Au-Ag-Mo-Cu±Pb-Zn; and a later, cooler 'epithermal' affinity zone characterised by Au-Ag-As-Sb with elevated silver and pyrite. This poly-phasal overprinting is a recognised feature in porphyry-related hydrothermal systems and may enhance grade potential.

The broad interval of 122 metres at 0.50g/t AuEq from 46 metres to the end of STRC0132 is hosted entirely within hydrothermal breccia, with pervasive sericite, silica, and pyrite alteration. The company compares this to similar phyllic alteration zones in known porphyry systems such as Kaiser-Boda in NSW, where porphyry-style mineralisation occurs at depth beneath phyllic alteration.

Parallel Progress on Copper-Gold- Silver Scoping Study

While advancing exploration at Freddy’s Find and the S4 prospect, Stavely continues to progress its Scoping Study on copper-gold-silver production from the Thursday’s Gossan and Cayley Lode deposits, targeting a mid-year release. This study follows a recent A$4 million capital raise aimed at funding these development and exploration initiatives, underscoring investor confidence in the project’s potential.

The combination of significant gold-silver intercepts at Freddy’s Find, a new large-scale porphyry target at S4, and advancing studies on established copper-gold-silver resources positions Stavely Minerals as an intriguing player in Western Victoria’s mineral exploration landscape.

Given the early stage of exploration, the geometry and true widths of mineralisation remain uncertain, and no metallurgical testwork has yet confirmed metal recoverability. Upcoming drilling results and study updates will be critical to assessing the economic potential of these discoveries.

This announcement builds on Stavely’s recent A$4 million placement supporting its ongoing Scoping Study and exploration efforts. It also follows the company’s substantial resource growth updates earlier this year, including a corrected 2026 resource estimate that highlighted strong copper-gold growth at the Stavely Project.