- Caravel Minerals (CVV) has completed reverse circulation (RC) drilling at its Ninan deposit in Western Australia
- This work has confirmed the down dip and down plunge extensions of the known copper and gold mineralisation
- Multiple significant intervals of oxide copper mineralisation were intersected with grades peaking at 0.90 per cent copper and 0.16g/t gold
- Its also proceeding with plans for further drilling at the wider Caravel Project to expand the resource estimate and outline higher grade material
- Further, the company is also planning to accelerate exploration of its regional projects in the South-West Yilgarn Terrane
- Caravel is 4.76 per cent in the red, with shares trading for 10 cents each
