Caravel Minerals intersects higher-grade copper from infill drilling at Bindi deposit

Caravel Minerals ASX CVV Bindi copper infill drilling results September 2021
A highlight intersection was 16m at 0.98% copper, including 8m at 1.75% copper.

A July program of infill drilling at Caravel Minerals’ (ASX: CVV) Bindi copper deposit in Western Australia has identified wide zones of higher-grade copper mineralisation.

Assays from 22 reverse circulation holes at the Bindi East Synform, Bindi East and Bindi Hinge areas of the deposit encountered significant mineralised intersections at cut-off grades of 0.15% and 0.3% copper.

Highlights were 16 metres at 0.98% copper including 8m at 1.75%; 22m at 0.35% copper, 50m at 0.35% copper, and 20m at 0.60% copper including 14m at 0.77%.

The results helped define a copper-molybdenum rich zone on the western or hanging wall side of Bindi East Limb and a higher-grade copper zone on the eastern footwall side.

The two zones are separated by a thin weak to non-mineralised zone, and good continuity of grades exist from section to section.

Infill drilling achieved a hole spacing of 50m by 50m in select parts of the Bindi zones, with 100m by 50m spacing outside of these areas.

The close-spaced drill pattern provided Caravel with greater confidence in the resource estimate for its target areas, which are anticipated to become starter pits when mining operations commence.

Assays are pending for a further 47 holes drilled as part of the same program.

Geological confidence

One diamond core rig remains at Bindi for drilling to improve geological confidence in the area between the Bindi Hinge and Bindi West Limb.

A current hole has been designed to penetrate the West Limb and East Limb position at depth, completing a series of four deep holes below the East Limb.

The rig will then drill into the southern end of Bindi East, targeting areas where the mineralisation remains open.

The rig is also scheduled to complete preliminary geotechnical drilling for planned mine site infrastructure before month end, before moving to a diamond core program at the nearby Dasher deposit.

Drilling at Dasher will test the continuity of higher-grade mineralisation in the footwall position and test the deposit’s primary mineralised zone along strike at depth.

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