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Caravel Minerals Ltd.
Summary
| Project: | Caravel | |
|---|---|---|
| Deposit: | Dasher | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 1/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-1-2019: Caravel Minerals Ltd. announces an Exploration/Drilling Update report for its Dasher deposit at the Caravel project. Drilling results incl. 56m @ 0.53% Cu, from 18m. Caravel Minerals (ASX: CVV, Caravel or Company) is pleased to announce further | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Pring, Andrew McDonald (Internal;Independent) | |
| ABSTRACT: | Caravel Minerals (ASX: CVV, Caravel or Company) is pleased to announce further assay results from the recently completed 7-hole diamond drilling program at the Caravel Copper Project (Figure 1). Two holes were drilled at the Dasher deposit as part of a work program commenced by the Company in July 2018 to test and update the previous resource models. Core from the program is also being used for geotechnical and metallurgical test work/studies. Highlights from the drilling at the Dasher deposit are presented in Table 1, while a summary of all significant intersections are presented in Table 2 A relatively thin regolith cover profile exists at Dasher. The first diamond hole, 18CADD003, intersected saprolite from 0.9m and fresh rock from approximately 17m. Oxide copper was intersected in the weathered zone (6m @ 0.69% Cu from 12m) and has been reported separately from the sulphide copper intersected further down the hole. Hole 18CADD003 was planned to be drilled to a depth of 120m. Based on the 2016 resource model, copper mineralisation in granitic gneiss host rocks was expected from near surface to approximately 100m down hole (Figure 2). The hole design was extended a further 20m into the footwall in order to provide geotechnical data required for future pit design work. | |
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