- Caravel Minerals (CVV) has received further results from a reverse circulation (RC) drilling program at the Bindi Copper Deposit in WA
- The aim of this drilling program is to locate high-grade zones and confirm the continuity of copper mineralisation
- Caravel received partial results in early April which saw grades peak at 0.55 per cent copper
- While the company is still waiting on results, new grades have peaked at 1.26 per cent copper
- RC and diamond drilling are continuing at Bindi to further understand and define the continuity of higher-grade zones and support future feasibility studies
- Caravel is up 4.39 per cent on the market and shares are trading at 29.8 cents
Caravel Minerals (CVV) has received further results from a reverse circulation (RC) drilling program at the Bindi Copper Deposit.
The Bindi Deposit lies within Caravel’s namesake project, which is situated near Wongan Hills in Western Australia.
The aim of this drilling program is to locate high-grade zones and confirm the continuity of copper mineralisation.
Caravel received results for the first eight holes in early April which saw grades peak at 0.55 per cent copper.
Best new results include 12 metres at 1.26 per cent copper, 12 metres at 0.70 per cent copper and 16 metres at 0.58 per cent copper.
These new results show wide zones of higher-grade mineralisation and indicate good continuity to the north.
RC and diamond drilling are continuing at Bindi to further understand and define the continuity of higher-grade zones and support future feasibility studies.
Further results are pending and will be reported on as they become available.
Caravel is up 4.39 per cent on the market and shares are trading at 29.8 cents at 12:04 pm AEST.