Btw SVY( Stavely Minerals) is making very good progress. I am...

Btw SVY( Stavely Minerals) is making very good progress. I am watching it very closely as NML farmed out the EL5425 tenement which surrounds SVL project tenements.



I agree that NML has given it too cheap; Stavely may earn up to an 80% equity interest in Exploration Licence EL 5425 by spending $450,000 over a five year period. 

However Stavely is after a huge resource and is in search for a well mineralised copper-gold porphyry at depth at Thursday’s Gossan. The hole SMD044 intersected a broad zone of copper sulphide mineralisation from 584m to 697m down-hole, as reported on 11 February 2019. They reported yesterday that the same hole has intersected a second thick zone of mineralisation. The new interval is from 890m to 938m. The drill hole is still in mineralisation and drilling continues.

Stavely's current drilling is aiming to progress into the hotter part of the mineralised porphyry system at Thursday’s Gossan, where higher-grade copper and significantly higher-grade gold are expected to be located.

If we carefully look at the resource outline of Thursday’s Gossan from the map below then we can see that it goes in to the tenement (at the eastern side) where SVY and NML are in JV. The hole SMD044 is also at the eastern side. (The prospect's direction is south easterly)