“We are very excited to see clear indications of a second emerging discovery in the Stavely Volcanic Arc,” Executive Chairman Chris Cairns said.
“While the shallow mineral resource definition drill program at Thursday’s
Gossan is at an advanced stage, a new early-stage discovery at Toora West would confirm the prospectivity of the entire Stavely Volcanic Arc for further discoveries, further leveraging our dominant, first-mover position in this under-explored district,” he added.Since the aircore drilling program wrapped up, Stavely drilled another 18 holes to follow-up on the visual observations. However, assays are pending.
Once the company receives the follow-up assays, Stavely will conduct more diamond drilling.
According to the company, if the follow-up diamond drilling confirms today’s discoveries, the Toora West prospect represents a significant porphyry discovery.
https://themarketherald.com.au/stavely-minerals-asxsvy-gets-encouraging-results-from-toora-west-drilling-2021-05-12/
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