Stavely, NML and KLA all in one Smallcaps newsletter., page-30

Starting to drill Glenlyle is very good and exciting indeed. The current phase of drilling consists of a 1,500m air-core (AC) expansion drilling program of previous drill holes situated above an interpreted deeper porphyry target.

"The current phase of drilling is expected to take up to two weeks to complete with results to be released as they become available."

"The epithermal-style mineralisation is in the same volcanic trend that hosts the nearby Thursday’s Gossan deposit and also Navarre’s Joint Venture area with Stavely Minerals Limited, 25 kms to the south"

"Stavely Minerals has recently reported a significant breakthrough in its exploration drilling with the intersection of visible bornite mineralisation, considered a key indicator for the discovery of a large porphyry system"


Magnetic image showing the Dryden-Stavely Volcanic Belt and the Glenlyle 5-6km circular magnetic feature.



Inset: Dryden-Stavely volcanic belt relative to Glenlyle and Thursdays Gossan.