Congratulations to Stavely Minerals. For more than seven years the company has been doggedly exploring their Victorian tenure for base metals. After limited success at Thursday’s Gossan searching for a major high grade porphyry system the rigs were once again turned toward a major structure along the same intrusion in the hope that historic copper/gold intersections could be repeated along strike and expanded upon. And in fantastic fashion, the first results from SMD150 include: 32 m at 5.88% copper, 1.00 g/t gold and 58 g/t silver from the shallow depth of 68 m.

Newexco have been supporting Stavely’s geophysics exploration since listing and hope the application of the latest down-hole electromagnetic technology will provide targets for expanding on successful results to date.