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Caravel Minerals Ltd.
Summary
| Project: | Caravel | |
|---|---|---|
| Deposit: | Bindi West | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 11/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-11-2018: Caravel Minerals Ltd. announces an Exploration/Drilling Update report for its Bindi West deposit at the Caravel project. Drilling results incl. 18m @ 0.80% Cu, from 102m. Caravel Minerals (ASX: CVV, Caravel or Company) is pleased to announce a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew McDonald (Independent) | |
| ABSTRACT: | Caravel Minerals (ASX: CVV, Caravel or Company) is pleased to announce assay results from diamond core holes drilled at the Bindi West deposit. The results are the first received from a recently completed 6‐hole diamond drilling program completed at the Caravel Copper Project between September and November 2018 (Figure 1). The drill holes targeted high grade domains and are part of a work program established by the Company in July 2018 to interrogate and update the previous resource model. Core from the program is also being used for geotechnical and metallurgical test work/studies. Assay results are presented in Table 1 The diamond drilling program has delivered improved understanding of the structural controls on mineralisation and geological domains and greater levels of confidence in the resource estimates. Initial investigations have shown mineralisation predominantly occurs as sulphide veins or layers, typically 10‐ 100mm thick, which are aligned within a well‐developed foliation fabric (Figure 2). Variations in grade between the domains are due to the width and spacing of these veins, which are mostly comprised of chalcopyrite with lesser pyrite. The orientation of the veins and associated foliation fabric aligns with the interpreted continuity of grade domains between holes, providing support for the structural model of grade continuity. | |
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