Copper

Caravel hits copper mineralisation on-site Bindi acreage

Tue 03 May 22, 1:33pm (AEST)
Copper 4 Exploration
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Key Points

  • Caravel Minerals has today confirmed the presence of copper mineralisation onsite its WA Bindi acreage
  • Assay results for two drill holes show mineralized zone continues across Bindi East, Bindi Hinge and Bindi West positions
  • Results for third drill hole at Bindi Far East confirms significant mineralisation 300m east of Bindi East, extends north

Caravel Minerals (ASX:CVV) has today confirmed two separate results providing evidence of mineralisation on-site the company’s copper plays on-site its Bindi acreage. 

Assay results for drill holes 21CARC133-137, and, 22CAR001-008, show good continuity of the mineralised zone along strike and downdip across the company’s Bindi East, Bindi Hinge and Bindi West positions. 

A second set of assay results for a third drill hole at Bindi Far East shows yet further significant mineralisation 300m to the east of the Bindi East target. Caravel Minerals states results on the third target, in drill hole 22CAR009-0014, reflect mineralisation that extends north for 700m of the South-East synform. 

A map detailing Caravel Minerals' project targeting the Bindi Deposit
A map detailing Caravel Minerals' project targeting the Bindi Deposit (source: Caravel Minerals)

Bindi Far East exploration target a success 

The third drill target, comprising drill holes 22CAR009-0014, was an exploratory target Caravel Minerals focused on in recent RC percussion drilling—results provide evidence for a potential up-dip extension of the Bindi Lower Limb bearing copper hosting geology. 

Caravel Minerals aimed the RCs at an area that showed anomalies in an earlier aircore drill run, suggesting extensions of the Bindi Lower Limb. The Lower Limb has been interpreted based on structural measurements from diamond drill core, and the most recent assay results give evidence to the company’s suspicions sulphide mineralisation extends on-site in commercial quantities. 

A number of significant intersections 

Among the latest assay results is included 126m @ 0.29% copper between 30-156m in 21CARC133; 136m @ 0.33% copper between 44-180m in 21CARC134 and 88m @ 0.36% copper between 30-118m. 

This is far from an extensive list—Caravel Minerals has noted fourteen separate intersections from its latest assay that underline the company’s confidence in the commercial viability of the Bindi Copper project. 

Pictured: rock chips from 22CARC014 showing purite and chalcopyrite mineralisation (source: Caravel Minerals)
Pictured: rock chips from 22CARC014 showing purite and chalcopyrite mineralisation (source: Caravel Minerals)

Further Bindi assay results on the way

Maravel Minerals continues to await further assay results for several targets, including diamond core drilling at the Dasher target, and further diamond core results at Bindi; RC percussion drilling results for Bindi West, and aircore results for drill holes 22CAAC027-120 peripheral to the Bindi Deposit. 

The company also continues to await AC assay results for its Dalwallinu project. 

Caravel Minerals' charts across the last six months
Caravel Minerals' charts across the last six months

 

Written By

Jonathon Davidson

Journalist

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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