Caravel Minerals (ASX:CVV) uncovers new zone of mineralisation at Bindi

• Caravel Minerals (CVV) uncovers a new zone of sulphide mineralisation at the Bindi East Deposit within the Caravel Copper Project in Western Australia
• Results come from a hole drilled as a diamond core tail on the bottom of a reverse circulation (RC) percussion hole completed in 2019
• RC percussion drilling was undertaken to target the surface projection of the lower limb to the east and has discovered a new zone of primary sulphide mineralisation
• Assays are pending for the RC percussion drilling after which further drill testing will be required to confirm the interpretation model and the extent and tenor of mineralisation
• Shares in CVV are trading 1.64 per cent higher at 34 cents

Caravel Minerals (CVV) has uncovered a new zone of sulphide mineralisation at the Bindi East Deposit within the Caravel Copper Project in Western Australia.

Results come from a hole drilled as a diamond core tail on the bottom of a reverse circulation (RC) percussion hole completed in 2019.

The original RC percussion hole stopped in mineralisation at 318 metres where it was approaching the capacity of the drill rig.

Structural measurements from the diamond core defined a synformal fold below the east limb, consistent with the position of the south-east synform seen in previous drilling.  

RC percussion drilling was undertaken to target the surface projection of the lower limb to the east and has discovered a new zone of primary sulphide mineralisation.

Significant intersections include 252 metres at 0.30 per cent copper including 10 metres at 0.44 per cent copper, 54 metres at 0.19 per cent copper, and 18 metres at 0.38 per cent copper including 10 metres at 0.49 per cent copper.

The position of the new mineralisation is consistent with an “up-dip” extension of the Bindi lower limb.

Assays are pending for the RC percussion drilling after which further drill testing will be required to confirm the interpretation model and the extent and tenor of mineralisation in this new area of mineralisation.

Shares in CVV were trading 1.64 per cent higher at 34 cents.