More wide copper hits for Caravel in the Wheatbelt
Caravel Minerals has the wind in its sails with further thick zones of copper mineralisation returned from the recently completed RC drilling campaign at its namesake project in the Wheatbelt, WA.
Notable intersections from drilling at the Bindi Hinge zone were 138 metres grading 0.35% copper from 74m down-hole including 64m @ 0.53% copper from 120m and 200m @ 0.31% copper from 42m including 8m @ 0.52% copper from 84m and 16m @ 0.42% copper from 110m.
These new drill holes were completed to test the continuity of higher‐grade domains previously intersected by a hole returning 34m @ 0.55% copper from 64m down-hole and 58m @ 0.54% copper from 150m.
Notably, the results lend further credence to the company’s belief that the Bindi deposit is hosted by an overturned fold with both limbs dipping to the west.
Besides the successful test of the Bindi geological model, the 7-hole drilling campaign also successfully achieved its extensional and infill drilling objectives.
Caravel noted in February that all four extensional and infill drill holes returned thick zones of low-grade copper mineralisation, with the eastern limb still open at depth.
This includes a spectacularly broad intersection of 202m @ 0.31% copper from 116m down-hole that ended in the ore zone and included higher-grade sections of 18m @ 0.4% copper from 198m, 18m @ 0.45% copper from 232m and 26m @ 0.57% from 310m.
All results from the drilling campaign will now be incorporated into an updated mineral resource model for the Bindi deposit that is scheduled for completion later this quarter.
The current global resource for the Caravel project is 366 million tonnes grading 0.35% copper for just over 1.28 million tonnes of the contained red metal.
Previous test work has also returned copper recoveries of up to 96.1% for the primary ore source at the project.
Caravel Minerals (CVV)
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