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Caravel Minerals Ltd.
Summary
| Project: | Calingiri | |
|---|---|---|
| Deposit: | Bindi, Dasher | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 4/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-4-2018: Caravel Minerals Ltd. announces an Exploration/Drilling Update report for its Bindi, Dasher deposit at the Calingiri project. Drilling results incl. 98m @ 0.40% Cu, 41ppm Mo, 2ppm Ag, 39ppb Au from 180m. 24 Reverse Circulation (RC) drill holes | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tony Poustie (Internal) | |
| ABSTRACT: | 24 Reverse Circulation (RC) drill holes (18CARC001 – 18CARC024) totaling 3,400 metres of aggregate RC drilling have been completed as part of an ongoing program to test for extensions to the existing resource estimates for the Bindi and Dasher deposits at Calingiri. Caravel Chief Executive, Marcel Hilmer, commented “The results of the RC drilling program have delivered excellent potential for a significant increase in the Mineral Resource Estimate for the Calingiri Project. The identified IP anomaly also materially upgrades the quality of the Dasher East target and supports pending drill testing of this strong prospect.” | |
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