Stavely outlines second gold zone at Fairview South, RC rig mobilising this week

Konrad Forrest
Stavely Minerals

5 November 2025 | Western Victoria – Stavely Minerals (ASX: SVY) has confirmed a second, parallel zone of gold anomalism at the Fairview South prospect within its 100%-owned Stavely Copper-Gold Project, paving the way for a Phase 3 reverse circulation (RC) drilling program to commence this week.

Final assays from the Phase 1 soil auger program show strong gold and pathfinder support immediately south of discovery hole SFSRC001 and define a new anomalous corridor to the west. These results build on earlier rock-chip sampling south of SFSRC001 that returned several high-grade assays, extending the target area up to ~600 m to the south.

Key technical highlights

  • Second gold-anomalous corridor defined: Soil auger results confirm a parallel zone west of the main Fairview South trend, providing an immediate drill target.
  • High-grade rock chips south of SFSRC001: including 25.60 g/t Au from gossanous siltstone, 8.79 g/t Au from brecciated quartz–gossan in altered felsic volcanic rocks, and multiple samples between 1.1 g/t and 4.5 g/t Au.
  • Strong discovery hole already in place: earlier in the year RC hole SFSRC001 intersected 40 m @ 1.96 g/t Au from surface, including 17 m @ 4.18 g/t Au from 9 m and 1 m @ 49.2 g/t Au from 10 m, confirming Fairview South as a high-quality, near-surface gold target.
  • Favourable structural setting: Fairview South sits on the margin of a large magnetic feature over a gravity low – a setting the company regards as highly prospective.
  • Parallel work at S41: Alongside Fairview South, reconnaissance RC drilling will also be completed at the nearby S41 breccia-hosted gold target (in areas not currently under crop) to in-fill earlier wide-spaced aircore to ~200 m × 200 m and progress a large, early-stage hydrothermal gold system.

Comments from management

“We’re excited to get back on the ground at Fairview South. The combination of soil auger anomalism, high-grade float and the structural position of the prospect is exactly the kind of setting we like to see,” Executive Chair and Managing Director Chris Cairns said.

“Importantly, the textural and alteration features we’re mapping at surface – banded quartz veins, carbonate dissolution textures and adularia – all point to a favourable, multi-stage mineralising history, consistent with quartz–sulphide–gold and low-sulphidation epithermal systems. This next round of RC drilling will let us test those southern extensions quickly.”

The company said the Phase 3 RC program would focus first on the newly defined parallel corridor south and west of SFSRC001 before stepping out to additional auger-supported targets. Results will be reported as assays are received.