Definitely not a discovery hole but it’s good enough for my risk...

Definitely not a discovery hole but it’s good enough for my risk profile.

Stavely Minerals Managing Director Mr Chris Cairns said: “The recent drilling has returned the strongest possible indications to date of proximity to a significant copper-gold porphyry system at Thursday’s Gossan – which is a very exciting development for our shareholders. The parallels to the Cadia-Ridgeway system are now undeniable, with broad intervals of well-developed ‘M’-veins observed in the recent drilling. The downside risks to discovery would include additional structural complexity displacing the copper-gold mineralised zone or a late intrusion ‘stoping out’ the mineralisation. However, if and when we find it, this style of mineralisation has a track record of hosting some of the largest gold deposits in the world.”

Cheers HT