SVY 0.00% 2.6¢ stavely minerals limited

There is a lot to digest there but they key point is that based...

  1. WCJ
    372 Posts.
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    There is a lot to digest there but they key point is that based on the initial description provided, the following intervals were described as "high-grade copper sulphide dominant zones" :

    Previous Announcement
    106-116m (chalcopyrite, bornite, chalcocite)

    Vs.

    Current Announcement
    97.2-116.6 - Lode. Ultramafic Contact Fault (UCF). Quartz-chrome-pyrite-hematite+- chalcopyrite. This zone has a lot of a green chromium rich mineral (fucsite – XRF is showing elevated potassium) and a lot of quartz-hematite-pyrite. The lode has replaced ultramafic. Chalcopyrite is common at the start of the interval but is less common from 100m. The character of the lode in this position is similar looking to SNDD001 at 160m. Visible bornite, chalcocite, and chalcopyrite in amongst the massive pyrite veining from 106m-116m.


    *For reference SNDD001, encountered zones with quartz-sulphide veins assaying 7.7m of 1.08 g/t Au and 4.14% Cu from 95.3m so you are looking at potentially a 10 metre intersection with ball park similar grades subject to the poor core recovery. Still very impressive but unlikely what a lot of people were expecting here based on what I have been reading.

    AND

    Previous Announcement
    147.4m-150.8m (chalcopyrite, bornite, covellite)

    Vs.

    Current Announcement
    138.4 - 154.9 - UCF. Lode. Massive pyrite-quartz+-chalcopyrite veining with patchy hematite and fucsite. 148.6-150.4 has weak bornite-chalcopyrite.

    Previous
    https://hotcopper.com.au/data/attachments/1751/1751262-cca0c338dea150df3aa6a0c095f6e98a.jpg

    Vs.

    Current
    https://hotcopper.com.au/data/attachments/1751/1751265-92f2ff308cb739cf36e240fe3b43a1c2.jpg


    I'm not sure how that one translates to a high-grade copper sulphide dominant zone when it is Pyrite dominant with no Chalcocite, obviously an oversight there on that one.
 
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