NEWS

    Congratulations to Caravel Minerals on its Positive Results

    Caravel Minerals Limited (ASX: CVV) (“Caravel” or “the Company”) is pleased to announce that a maiden JORC 2012 reportable Mineral Resource estimate has been completed for the Calingiri Project.

    HIGHLIGHTS
    • Over 74% of the Mineral Resource is in the Indicated category
    • 143 Mt @ 0.38% for 549,800 tonnes copper at a higher cut-off grade of 0.30%
    • 530 Mt @ 0.27% for 1,407,900 tonnes copper at a lower cut-off grade of 0.15%
    • Resources remain open along strike and at depth, and include higher grade zones from near surface
    • The Mineral Resource is the consolidation of three prospects; Bindi, Dasher and Opie
    • External test work indicates copper recoveries >90% and molybdenum recoveries >80%
    • The CSA Global Scoping Study has started and remains on schedule for release in Q2 2016

    Read the full ASX release here – Caravel Resources 4 April 2016

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