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Caravel Minerals Ltd.
Summary
| Project: | Caravel | |
|---|---|---|
| Deposit: | Caravel | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 2/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-2-2019: Caravel Minerals Ltd. announces a Resource Estimation report for its Caravel deposit at the Caravel project. Updated mineral resource estimate at the project. The new Mineral Resource (2012 JORC compliant) for Caravel Minerals Ltd (“Caravel” or | |
| Resources: | (Resource, I+I): 366.3Mt @ 0.35% Cu, 66ppm Mo | |
| CP/QP: | [Resources]: Lauritz Barnes (Trepanier Pty Ltd.) | |
| ABSTRACT: | The new Mineral Resource (2012 JORC compliant) for Caravel Minerals Ltd (“Caravel” or the “Company”), Caravel Copper Project incorporates all available drilling data acquired through a number of exploration campaigns completed by Caravel from 2009 to January 2019. The updated February 2019 Resource estimation was carried out by resource consultancy Trepanier Pty Ltd, resulting in an update to the estimation of Indicated and Inferred Resources at the Caravel Copper Project. The reporting of all deposits (using a cut‐off of 0.25% Cu) results in an Indicated and Inferred Mineral Resource estimate (Table 1) totalling: The mineralised domain interpretations were based upon a combination of geology, supporting multi‐element lithochemistry and lower cut‐off grade of 0.1% Cu. Table 2 illustrates the breakdown of the resource by deposit (using a cut‐off of 0.25% Cu) and Table 3 shows the Caravel Copper Project Mineral Resource (combining the Bindi, Dasher and Opie deposits) at various Cu cut‐offs. Figure 1 presents the grade vs. tonnage curves for the total Caravel Copper Project Mineral Resource (combining the Bindi, Dasher and Opie deposits) and Figures 2 and 3 show the grade vs. tonnage curves for individual deposits Bindi and Dasher. | |
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