CVV caravel minerals limited

Recent satellite imagery at Calingiri has been limited by cloud...

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    Recent satellite imagery at Calingiri has been limited by cloud cover. The area where the diamond rig has put down some 600m of drilling this year has been obscured.

    The RC area was mostly visible during the last pass (10/2) but raises some questions that aren't answered by the latest pass.



    Annotating yesterday's sentinel data:
    https://hotcopper.com.au/data/attachments/2912/2912520-fac5b56b4f5b269ec62b0afcc73a9919.jpg
    There is definitely something happening at Sites A-M post 31 January. The area of disturbance seems more applicable to Aircore than RC. Ground disturbance at what are roughly 100m spacing suggest site prep rather than random activity. Time will tell.

    The hole sequence doesn't make much sense to me as Hole 13, which shows up on the announcement, was probably drilled after the two ?# disturbances.

    https://hotcopper.com.au/data/attachments/2912/2912579-2fc64e2a16cabe04ddeec4a09737910f.jpg
    Putting the satellite data into Google Earth shows some duplication/conflicts with previous drilling. At the recent GM AC mentioned that although collars may be coincident the azimuth and dip may be different to past holes. Another possibility for holes with similar collars is deepening of the old holes with diamond drilling (if appropriate).

    The recent updates show that the RC drill program has been modified. Three holes have been drilled on line 6573800N (10, 11, 12?). The satellite interp suggest there may be more changes coming along with the addition of another drill rig.
    https://hotcopper.com.au/data/attachments/2912/2912769-d4adec8ec774ea12dd258982e3fe69f6.jpg
    There appears to have been no (or very limited) RC drilling on 6573..800N, .. 600N, ..400N, 300N and 6573100N for the east limb. Infill drilling to complete 100m spaced RC coverage would be a basic requirement for the PFS IMO. There are similar, apparent, gaps for the West limb.

    https://hotcopper.com.au/data/attachments/2912/2912934-b22abbabd69f4a02fa250ae40cd92092.jpg
    Lots of drilling already but still more needed to fine tune the PFS for Bindi. Similar drilling will be required at Dasher and Opie if they are to be "the first cabs off the rank" once Bindi is sorted and hopefully financed (The real biggie IMO but CVV is coming up on folks radar albeit tangentially).

    https://hotcopper.com.au/data/attachments/2913/2913005-b085897840224320bcfb0ca58e0e680f.jpg


    Ultimately I would hope to see other satellite deposits in the immediate area - some are obvious (Ninan, Dasher East??, others possibly already partially tested).
    SW Regional WA interest is very high. CVV will be following up at Toolbrunup, Dalwallinu and others as, and when, tenements are granted and field work at Calingiri winds down. Increased drilling at Bindi = quicker depletion of funds = tin rattling when some better results come out. As I have said before I do not expect spectacular assays but 1+ Kms of 1-200m reasonably mineralised East Limb to 400m below surface will be a good, not unexpected, result

    More than enough for a quiet HC stock.






    Last edited by salpetie: 16/02/21
 
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