STTCOMP SVY FA Long Stavely minerals - Copper-gold- silver...

STTCOMP SVY FA Long

Stavely minerals - Copper-gold- silver Victoria.

MC = $218 Million.
SOI = 202 Million shares.
Share Price = $1.08
Cash = $20 Million ( just raised $19 million @ $1)

Discovery hole SMD050 intersected:-
o 32m at 5.88% copper, 1.00g/t gold and 58g/t silver from 62m down-hole
including:▪ 12m at 14.3% copper, 2.26g/t gold and 145g/t silver;
including: • 2m at 40% copper, 3.00g/t gold and 517g/t silver; and
o 4.4m at 3.98% nickel and 0.23% cobalt from 96.7m drill depth.

SMD051, which is located 160m to the south-east of discovery drill hole SMD050, intersected a thick zone of shallow copper-gold-silver mineralisation with stunning grades of up to 1 metre at 19.3% copper in a second zone of mineralisation:
o 59m at 1.80% copper, 0.43g/t gold and 15.4g/t silver from 98m down-hole
including:▪ 8.5m at 4.38% copper, 0.87g/t gold and 32.7g/t silver from 106.6m,
and ▪ 3m at 5.66% copper, 0.29g/t gold and 4.6g/t silver from 134m.
And a second very high-grade intercept of:-
o 8m at 9.69% copper, 0.40g/t gold and 16.8g/t silver from 177m drill depth;
including:▪ 2m at 17.3% copper, 0.57g/t gold and 13.1g/t silver from 179m.

➢ The mineralisation is characterised by structurally controlled massive to semi-massive sulphide and quartz-sulphide with early pyrite that is fractured and brecciated by later copper sulphides dominated by chalcopyrite, bornite and chalcocite.
➢ Higher gold and silver grades are associated with bornite-dominant intervals.
➢ Step-out holes SMD052 and SMD053, each collared a further 80m south-eastrespectively, have also intersected the UCF structure. Assays are pending.
➢ SMD055 has been collared as a 40m down-dip test of the discovery intercept in SMD050 and is currently in-progress.
➢ A second diamond drill rig is expected on-site today and will commence SMD054, a 40m step-out drill hole along strike to the north-west of SMD050.

If continuity of mineralisation can be demonstrated between SMD053 and SNDD001, the defined strike extent is currently ~500m and open in all directions.