Ann: Victorian Drilling Update, page-4

...Stavely Minerals Managing Director, Chris Cairns, said: “Our observations from recent
drilling, together with Dr Corbett’s recent site visit, have given us even greater confidence
that we are very close to drilling a hole into the centre of the Thursday’s Gossan copper-
gold porphyry. We have seen all the key ingredients we would want to see for a well-
mineralised copper-gold system, including strong copper and gold mineralisation from late
porphyry ‘D’ veins, strongly oxidised fluids responsible for well-developed ‘M’ (magnetite)
veins equating to enhanced gold potential, patchy K-spar alteration, actinolite alteration,
and multiple phases of intrusion, alteration, veining and mineralisation.
“Collectively, these indicators tell us both that we are very close to tagging the core of this
system with a drill hole in the near future and, once we do, that we could expect that it will
be well-mineralised with copper and gold.
“While the drilling programme is continuing with two drill rigs at Thursday’s Gossan and a
third testing regional targets in the Ararat and Stavely Projects, I do appreciate that
investors have been patiently waiting for the drilling to finally penetrate the potassic core
at Thursday’s Gossan. While it does take around a month to drill each 800m hole, we
certainly hope the results will justify the wait".

Deeper & closer it would appear now. Hang in there holders