Caravel Minerals announced further assay results from the recently completed 7-hole diamond drilling program at the Caravel Copper Project. Two holes were drilled at the Dasher deposit as part of a work program commenced by the Company in July 2018 to test and update the previous resource models. Core from the program is also being used for geotechnical and metallurgical test work/studies. A relatively thin regolith cover profile exists at Dasher. The first diamond hole, 18CADD003, intersected saprolite from 0.9m and fresh rock from approximately 17m. Oxide copper was intersected in the weathered zone (6m @ 0.69% Cu from 12m) and has been reported separately from the sulphide copper intersected further down the hole. Hole 18CADD003 was planned to be drilled to a depth of 120m. Based on the 2016 resource model, copper mineralisation in granitic gneiss host rocks was expected from near surface to approximately 100m down hole. The hole design was extended a further 20m into the footwall in order to provide geotechnical data required for future pit design work. As expected, significant sulphide copper was intersected from near surface, returning 56m @ 0.53% Cu from 18m, including 20m @ 0.66 % Cu from 18m and 16m @ 0.64% Cu from 58m (Figure 3). At 74m, 18CADD003 intersected a younger poorly mineralised granite that includes minor zones of remnant mineralised gneiss. The interspersed mineralised gneiss provided sufficient encouragement to continue the hole to the planned depth of 120m, but at approximately 114m the mineralised gneiss became the dominant rock type. The hole encountered further copper mineralisation and was continued another ~58m below the planned depth, intersecting 31.7m @ 0.42% Cu from 146m, including 13.7m @ 0.61% Cu from 164m. The granite in 18CADD003 from 74m to 114m correlates with the footwall granite intersected on sections both north and south of 6,566,900mN. Drill holes at Dasher have typically been terminated once the footwall granite has been encountered, but the results from 18CADD003 suggests that more copper bearing gneiss exists below the footwall granite. Further drilling is required to confirm this new copper mineralised zone and its extents. This new copper zone is a potentially significant development at Dasher and the footwall location means any additional ore defined in this zone is readily included into the previous pit models with little new waste stripping. A second diamond hole, 18CADD004, was drilled on section 6,566,700mN, approximately 200m to the south of 18CADD003. Mineralised granitic gneiss was intersected from approximately 8m downhole, returning 52m @ 0.28% Cu, including 4m @ 0.49% Cu from 8m and 6m @ 0.44% Cu from 52m, and 44m @ 0.25% Cu from 70m. From 114m, 18CADD004 intersected numerous younger granite and pegmatite intrusions interspersed with moderately mineralised granitic gneiss, followed by what has been interpreted as footwall granite from 160m to end of hole. It is likely the younger intrusives are the same as those seen in 18CADD003 raising the potential for further mineralisation beyond that zone.