Stavely Minerals Limited announced extremely encouraging reconnaissance exploration results from its 100%-owned Ravenswood Project in north Queensland. Dreghorn Prospects: The Dreghorn group of prospects are situated south of the Burdekin River and include the Area 8, Rhyolite Ridge, Ellen Boss, Ellen Boss East, Albion-Queenslander, Rejoice, Hidden Treasure and Percy Keene prospects. At the Area 8 prospect, surface rock-chips have returned assay results to 0.65 g/t gold, 106 g/t silver, 397ppm arsenic and 837ppm antimony from crustiform and colloform quartz veins and quartz breccia in-fill. The quartz textures and geochemical signature are consistent with a low-sulphidation epithermal gold-silver system. A notable example of a low-sulphidation epithermal gold-silver system in the area is the Pajingo gold deposit. Follow-up mapping/sampling and Induced Polarisation (IP) geophysics is planned for the second quarter of 2018. The association of strong base metal/silver mineralisation with a nearby outcrop of rhodochrosite (manganoan carbonate) veining is of particular interest in the context of an epithermal base-metal/precious metal system. This exploration potential is particularly enhanced by the fact that Bowerbird is not far from the Area 8 prospect, displaying low-sulfidation colloform and crustiform quartz veining and associated anomalous geochemistry. Further follow-up mapping and sampling is planned. At the Albion/Queenslander trend, spectacular gold grades of up to 68.3 g/t gold have been returned from surface rock-chip samples. The central part of the Dreghorn goldfield is dominated by parallel NW, NNW and north-trending quartz+calcite+siderite ±chlorite±sericite veins. Individual veins extend for 190m to 700m length. The veins have massive sheeted and brecciated textures. They contain rare galena and chalcopyrite. Proximal chlorite+carbonate and rarely quartz+sericite alteration assemblages occur within the adjacent granodiorite. The Hidden Treasure prospect yielded up to 4.05 g/t gold in rock samples and 325ppb gold in soil samples near the Hidden Treasure workings. The area is dominated by NNW and WNW trending microgranite dykes and NNW-trending quartz and siderite veins. Ravenswood Central Prospects: At the Ravenswood Central prospects, rock-chip sampling has returned some very significant assay results including: 36.6 g/t gold from a 5-10cm thick low-angle quartz vein at the Connolly Far North prospect; 5.54 g/t gold and 2.18 g/t gold from quartz veins at the Trieste prospect; 3.71 g/t gold and 1.88 g/t gold from the Kirker's prospect; and 0.76 g/t gold and 151 g/t silver from the Dreghorn North prospect. Of particular interest, while there were a number of steep to moderate dipping quartz veins, there were also a large number of low-angle quartz veins observed at surface and in creek exposures in the Connolly North and Connolly Far North prospects. Large areas of flat, platy quartz vein float could be indicative of a larger vein system similar to those at the Sarsfield and Nolans deposits at the Ravenswood Gold Mine, ~15km away. Future work in the Connolly area will likely involve some Induced Polarisation geophysical surveying aimed at identifying a response from a higher density of quartz veins and associated disseminated sulphide halos. In tributaries to Elphinstone Creek, recent reconnaissance exploration has returned very significant stream sediment assay results including 6.28 g/t gold, 1.1 g/t gold, 0.45 g/t gold and 0.42 g/t gold in an area of widespread gold anomalism but no known hard-rock workings. Initial follow-up in the creek hosting the 1.1 g/t gold and 6.28 g/t gold stream sediment anomalies indicates that there is abundant red garnet in the stream and outcrop of pegmatite with large garnets was located nearby. It is not known if this is associated with the gold anomalism. These are significant results and will be followed-up as a priority. It should also be noted that younger transported sediments of Tertiary age can shed gold into local drainages and this will be taken into account during follow-up reconnaissance mapping and sampling. Ravenswood North Prospects: Numerous significant copper, gold and silver assay results have been generated from reconnaissance rock-chips including: 18.3% copper from Keans' porphyry copper-molybdenum prospect; 0.43 g/t gold and 262 g/t silver from Wilbers Hill prospect; and 1.03 g/t gold and 2.07% copper from Smith's prospect. Follow-up reconnaissance mapping and sampling is planned for the Ravenswood North prospects.