CC; “While the drilling of these deep drill holes has presented...

CC; “While the drilling of these deep drill holes has presented some challenges, we have a strong belief in the technical merits of the targets we have lined up for testing and we encourage shareholders to be patient as we work to unlock the full potential of this large well-mineralised system.”


In the case of Newcrest's "Red Chris" Canadian East Ridge exploration target, they released an exploration update for their copper and gold porphyry project. As usual, once you find a porphyry mineralised system the scale of the resource continues to grow with more drilling. In their case, growth from 170 Mt to 400 Mt or 2.8 Moz to 5.4 Moz gold (Lower Case scenario) has been identified.

I am sure, Stavely Minerals has this upside potential once the elusive porphyry is found.

Note: Newcrest Exploration update, not SVY !!!!!

East Ridge mineralisation, right of the East Zone resource area.......