CVV 0.00% 19.0¢ caravel minerals limited

@treviProbably over the 2Mt contained copper mark already - just...

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    @trevi

    Probably over the 2Mt contained copper mark already - just not officially announced in an MRE at 0.15% Cu Cutoff and taking the depth to 400m. MRE well underway with only the last phase of RC drilling to be completed and included. Never been involved in one so don't know the process but expect the basics can be done and then late drilling "bolted on" if it doesn't upset the models too much.

    The resource is in 3 deposits with drilling this year hinting at extensions at all of them. More than a hint at Bindi. Not too sure about Dasher (Dasher South?) or Opie though they 'just' add value IMO if Bindi becomes a stand alone mine.

    ===========
    The March 2020 announcement of the Julimar discovery created a staking rush in the the SW of WA that caught CVV by surprise. What had been a quiet little (not so little) area was suddenly like a bar on a busy Friday night (pre-covid). Plans they had to pick up ground based on the Dominion database and regional magnetics were expedited resulting in the current tenement situation - Yellow on this map + pending Mt William. [Common knowledge so expect you are aware of this RBeyes - mostly a lead in to the coverage shown on the map below.]

    https://hotcopper.com.au/data/attachments/3232/3232824-638a28616e35984d2939164d9baa13de.jpg

    CVV tenements highlighted.
    Major exploration sites in purple and the Venture/Chalice farm in/JV to show how widespread the search for Ni PGE is going.
    Au mines and development sites in Orange (others not shown).

    The area near Corrigin is part of a block of near complete tenements through the central wheat belt of WA. The southern margin, just south of Toolbrunup, is geologically controlled (Albany Fraser Domain Vs Yilgarn to North).

    [At a meeting Alasdair Cooke 'waxed lyrical' about the major features on the regional aeromagnetics of SW WA. The staking follows trends and areas he was talking about. Later he commented on the more detailed aspects on the Calingiri block and how folding patterns might be the result of later intrusives. Just passing comments that would have needed much more explanation for me to begin to understand what he was saying. Gives some idea of where the technical team at CVV are coming from - graduate level+ not Geol 101.]

    I do not have a pre Julimar announcement tenement map but suspect there would be considerably less. Just after March 2020 this was the situation - Blue are pending tenements with most part of the staking rush, Green granted.

    Since then all these have been granted and gaps filled where nearology and/or genuine targets apply.
    CVV began picking up ground at Dalwallinu in April 2020.
    Tenements were already held by Northam Resources for Fe, and the ground Cullen holds now north of Bindi. LTR were early movers holding granted tenements that is now the site of a Cu/Au discovery rather than PGE's! Shows how important it is to keep an open mind.

    Claims north from Yanchep/Gingin are in the Perth basin - Non Yilgarn archaean. Most are probably for mineral sands but potash and other commodities are present.

    https://hotcopper.com.au/data/attachments/3232/3232910-a45f8b00a385bda07065aefe84d15f16.jpg


 
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