CARAVEL MINERALS LIMITED Caravel Minerals Limited announced that Assay results have been received for aircore drilling (22CAAC027-120) in areas around the periphery of the Bindi Deposit at the Caravel Copper Project in Western Australia. In addition results have been received for the final five RC percussion infill holes (22CARC026-030) drilled at Bindi West. Aircore bottom of hole (BOH) samples from fresh basement rock have returned significant assays up to 0.19% copper in five of the holes reported.
These mineralised holes are in addition to the seven holes from the same program previously reported (8 February 2022, Drilling Results Bindi Copper Deposit) with significant BOH assay results. Holes 22CAAC027-053 were completed northeast and north of Bindi while holes 22CAAC054-120 were drilled south and southwest of Bindi. The aircore drilling program was designed with drill traverses 200m apart and hole collars 200m apart on those traverses, where field observations indicated the presence of mineralisation in the bedrock the collar spacing was closed up to 100m.
The exploration and sterilisation drilling will provide data to assist decision making for potential mine infrastructure. Aircore drilling to the northeast of Bindi has now defined two sub-parallel north-northeast trending mineralised zones that start in the vicinity of the Bindi East limb. Both zones remain open to the north where the bedrock is covered by lacustrine clay sediments associated with modern drainage features in the area.
The eastern most mineralised zone is interpreted to be the surface projection of theLower Limb of the Bindi East Deposit, this eastern mineralised zone is 1.8km long. The western mineralised zone sits between the Bindi Hinge and the Bindi Lower Limb, it is at least 1.3km long. Previous Reverse Circulation Percussion (RC) drilling (22CARC009-014) targeting the north- northeast trending mineralised zones (3 May 2022, Drilling Results Bindi Copper Deposit) confirms they are associated with primary sulphide mineralisation (22CARC011, 22m @ 0.26% Cu from 130m).
Further infill RC drilling will be required to test the full strike extent of the mineralised zones and identify areas of potentially economic mineralisation. Aircore drilling south of Bindi has defined a small, mineralised zone which is consistent with results from historic wide spaced drilling in the area. This area resides within the larger Bindi antiform and may represent a smaller mineralised horizon within the fold system.
The significance of this mineralisation is unclear as there is currently no structural data in the area to assist with putting the geochemistry in context. Drilling to the southwest of Bindi returned weak anomalism adjacent to the southwest trending hanging wall fault. These new results are consistent with the results from reverse circulation percussion drilling in the area which shows mineralisation to be tapering off in the southwest tip of the Bindi West Limb where it is truncated by the hanging wall fault (19 May 2022, Drilling Results Bindi Copper Deposit).
Assays results for RC percussion drilling at Bindi West (22CARC026-030) show good continuity of shallow mineralisation within the resource and infills a number of areas to allow better resource classification. Four diamond core holes have been completed so far this year within the Bindi deposit (22CADD001- 004) to provide material for metallurgical test work. An additional five diamond core holes (22CADD005-009) have been completed or are in progress to provide geotechnical data to assist the design of the Bindi Deposit starter pits.
Assay results are awaited for all of these holes. There is currently one diamond core rig on site at Bindi continuing the geotechnical drilling program. Drilling activities are winding up prior to the winter cropping season and will resume in the Spring.
