CVV caravel minerals limited

Dasher was one of the first deposits targeted at Calingiri....

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    Dasher was one of the first deposits targeted at Calingiri. Bindi was found a little later and is now, rightly, the focus for CVV.

    In my search for RC holes to plug my data base at Dasher I went through announcements from 2015 to early 2016 but could not find any reference to 2016 RC holes shown on sections in this announcement. I did take a look at the 2016 maiden MRE and the section for Dasher's block model bears a lot of similarities to recent, wide spaced, drilling at Dasher South.

    https://hotcopper.com.au/data/attachments/3208/3208823-9fbd07fbdff96e18d99358ce5e22d623.jpg
    Dasher has only had 'minor' drill campaigns since this time by comparison with Bindi.
    2018 RC hole 3 intersected a zone of mineralisation in the footwall of this MRE section.
    2020 drilling was not too successful and structural complexities were invoked.

    In light of what is being proposed at Bindi and Opie for folding models a lot more work may be required - low priority IMO post getting Bindi sorted out from comments at the last meeting.

    The two sections provided for Dasher South show the same easterly dipping (30-50m true thickness) mineralisation with relatively high (for Calingiri) grades.


    https://hotcopper.com.au/data/attachments/3208/3208869-f9ca4426549b5bc11cec7ec7581ff520.jpghttps://hotcopper.com.au/data/attachments/3208/3208866-58b49fb937d1220488375781a1ffd324.jpg
    https://hotcopper.com.au/data/attachments/3208/3208904-d832155fb2b4679cb71ec2f11ded9ce5.jpg

    This roughly annotated plan view is only for schematic purposes.

    The location and potential size of Dasher South has obvious exploration and possible economic connotations.
    Apart from two holes it is open to the south at RC depth.
    To the north drilling is wide spaced - I don't have access to all the data; holes 25, 26 and 28, 29 suggest at least some of the zone is present albeit a bit weaker perhaps.

    The system at Dasher is probably open ended to the north and south plus down dip. In the 2016 scoping study Dasher was said (p14) to have a lower initial strip to potential plant feed compared to Bindi. The overall size and difference in tons per vertical meter put Bindi in a different league ("gut" feeling).

    Dasher East - a teaser. I suspect the current results will put this on the back burner until regional geophysics are done and give potential targets.
    ======
    At the recent meeting - FOCUS ON BINDI.

    Not easy for exploration geos with so many candies in the area. Important for management to keep the focus on the highest priority.

    https://hotcopper.com.au/data/attachments/3208/3208977-5365d5198c003c40adbc501ae57289f6.jpg
    This was in the maiden MRE announcement and even without the recent recognition of structural elements looks like a lot of areas are under explored. There has been exploration since 2016 - aircore regional wide spaced, local RC,

    Get Bindi up and running and let the exploration folks have fun then.

    At the first GM I attended there was mention of farming out the regional potential to an interested party - short on detail but shows some lateral thinking going on a couple of years ago. Cu price and the discovery of Julimar may (has) change some thinking on the area.


 
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