Stavely Minerals to commence drill testing at Junction Lode

Stavely Minerals Limited (ASX: $SVY) is set to mobilise a diamond drill rig to test a new structural interpretation of the Junction Lode at the Stavely Project in Western Victoria. The company aims to confirm the potential for substantial extensional opportunities along-strike and down-dip based on the attractive copper-silver intercepts previously obtained.

Executive Commentary on Junction Lode Exploration

We are extremely excited to be testing the new interpretation for the Junction Lode. The limited shallow drilling to date has provided some very attractive copper-silver intercepts and, if the new interpretation can be confirmed, there would appear to be substantial extensional opportunity both along-strike and down-dip.

Summary of Stavely Minerals' Junction Lode Exploration

Stavely Minerals (ASX: $SVY) is preparing to mobilise a diamond drill rig to test a new structural interpretation of the Junction Lode at the Stavely Project. The company's Executive Chair and Managing Director, Mr Chris Cairns, expressed excitement about the potential for substantial extensional opportunities based on the attractive copper-silver intercepts previously obtained. The implications of a potential lode-style discovery at the Junction Prospect could be material to the development of the Cayley Lode, potentially adding a second source of high-grade copper-gold-silver mineralised material into a future production scenario. The company plans to confirm the new interpretation of the Junction Lode and undertake the next steps of drill definition and Mineral Resource estimation with mining studies to follow if successful.