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Caravel Minerals: Completes RC drilling at Ninan

October 21, 2020

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