CRJ 0.00% 1.5¢ caravel energy limited

Wednesday, 2 May, 2007Centralised Company Announcements...

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    Wednesday, 2 May, 2007
    Centralised Company Announcements Office,
    Australian Stock Exchange,
    20 Bridge Street,
    Sydney NSW 2000
    Dear Sir,
    CRJ2007/11 – Olympic Domain Drilling Commencement
    Copper Range Limited is pleased to be able to report that its first Olympic Domain drill hole (Jenny)
    commenced drilling yesterday. Jenny is situated on our Penatty A tenement which abuts the BHP
    Billiton Olympic Dam tenement. Jenny is some five (5) kilometres south-east of the Wirrda Well
    IOCG discovery hole, and some four (4) kilometres north-west of the Dromedary Dam IOCG hole.
    The drill was progressively moved to site over the weekend and final preparations for collaring were
    not completed until late Monday. The collaring of this hole began midday yesterday.
    This is the first hole of an approved six (6) hole programme to test some of its eight (8) gravity
    anomalies previously announced and referred to in the recent quarterly report.
    Kind regards,
    Stephen E. Blackman,
    Managing Director.
 
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