Stavely Minerals Ltd T.SVY

Primary Symbol: STVMF

Metals & Mining Industrial Metals & Minerals

Stavely Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploring for copper, gold and silver at the Stavely and Ararat Projects in western Victoria, and nickel, copper and cobalt at the Hawkstone Project in west Kimberley, in northern Western Australia. The Stavely Project, covering an area of approximately 1,000 square kilometers (km2) over the prospective Stavely Volcanic Belt in western Victoria, includes a 100% owned retention license RL2017, 100% owned exploration licenses EL6870, EL7347, EL7921, EL7922, EL7923 and EL7924 and the Black Range Joint Venture license EL5425. The Ararat Project comprises a retention license, RL2020, covering an area of approximately 26km2. The Ararat Project is located on part of the western margin of the Stawell-Bendigo Zone, which is part of the western Lachlan Fold Belt. Hawkstone Project covers an area of 1,100km2 over prospective stratigraphy in the west Kimberley, in northern Western Australia.

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Stavely Minerals Ltd

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Post by quantguyon Dec 08, 2011 9:53am

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Post# 19303018

Canada rig utilization up w/w

WCSB drilling rig utilization currently stands at 67% (536 active rigs), above last week's 66% utilization (528 active rigs). On the well servicing side, there are 614 rigs active in the WCSB (68% utilization), above last week's 601 active rigs (66% utilization).

In the U.S., the land drilling rig count currently stands at 1,951 active rigs, below the 1,963 rigs reported last week, but above the 1,690 active rigs for the same week last year. The week-over-week decrease was a function of lower natural gas directed drilling.

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Victoria Gold: No cyanide detected downstream since mine incident