$CVV $CVV.ASX low supply , Exploration for copper and gold,
$CVV $CVV.ASX CARAVEL MINERALS LIMITED
Adding to Watch list
low supply , Exploration for copper and gold,
Number of shares 223,422,691
Adding to Watch list
low supply , Exploration for copper and gold,
Number of shares 223,422,691
Trade active:
ASX Release:
19 August 2020RESULTS OF SHARE PURCHASE PLAN
Caravel Minerals Limited (Caravel or Company) is pleased to announce the successful completion of its Share Purchase Plan (SPP), which closed on Friday 14 August 2020. The Company received SPP applications that exceeded the $1,000,000 maximum raising. As disclosed in the SPP offer booklet, the Company intends to exercise its absolute discretion to scale back valid applications to $1,000,000. The issue date for SPP shares will be 20 August 2020. SPP shares will be issued at $0.04 (4 cents) per Share. Holding statements will be dispatched to successful applicants and refunds of application money, where applications were scaled back, will be processed on or about 25 August 2020.
Net proceeds raised from the SPP will be used to fund the Company’s exploration activities and for general working capital purposes. The planned drill program at Ninan Prospect commences this week (refer ASX announcement of 7 August 2020).
19 August 2020RESULTS OF SHARE PURCHASE PLAN
Caravel Minerals Limited (Caravel or Company) is pleased to announce the successful completion of its Share Purchase Plan (SPP), which closed on Friday 14 August 2020. The Company received SPP applications that exceeded the $1,000,000 maximum raising. As disclosed in the SPP offer booklet, the Company intends to exercise its absolute discretion to scale back valid applications to $1,000,000. The issue date for SPP shares will be 20 August 2020. SPP shares will be issued at $0.04 (4 cents) per Share. Holding statements will be dispatched to successful applicants and refunds of application money, where applications were scaled back, will be processed on or about 25 August 2020.
Net proceeds raised from the SPP will be used to fund the Company’s exploration activities and for general working capital purposes. The planned drill program at Ninan Prospect commences this week (refer ASX announcement of 7 August 2020).
Trade active:
Trade closed: target reached:
Trade closed: target reached:
DRILLING COMMENCES AT THE NINAN COPPER-GOLD PROSPECT
Highlights
• 2,000 metre RC percussion drilling program has commenced at the Ninan Prospect
• Drilling to target extension of near-surface copper-gold mineralisation identified from
previous, widely-spaced drilling intersections
Caravel Minerals Limited (ASX: CVV, Caravel or the Company) is pleased to advise that a Reverse Circulation (RC) percussion drilling program has commenced at the Ninan Prospect, located at the northern extent of Company’s flagship Caravel Copper Project. Drilling started on Saturday 22 August with 2 holes completed and a total of 444m drilled.
The drilling program will follow up on good intercepts of primary copper and gold mineralisation from previous drilling at the Ninan Prospect (refer to Caravel Minerals ASX announcements dated 7 August 2020
and 15th August 2020). Results will help define the extent and geometry of known high grade copper-gold
mineralisation and may allow the estimation of a maiden Mineral Resource for this area.
The Company has planned for an initial 2,000 metres of RC percussion drilling to be completed at the Ninan Prospect. The work is anticipated to be completed by the end of August 2020 with assay results from the drilling expected to be finalised in September.
Highlights
• 2,000 metre RC percussion drilling program has commenced at the Ninan Prospect
• Drilling to target extension of near-surface copper-gold mineralisation identified from
previous, widely-spaced drilling intersections
Caravel Minerals Limited (ASX: CVV, Caravel or the Company) is pleased to advise that a Reverse Circulation (RC) percussion drilling program has commenced at the Ninan Prospect, located at the northern extent of Company’s flagship Caravel Copper Project. Drilling started on Saturday 22 August with 2 holes completed and a total of 444m drilled.
The drilling program will follow up on good intercepts of primary copper and gold mineralisation from previous drilling at the Ninan Prospect (refer to Caravel Minerals ASX announcements dated 7 August 2020
and 15th August 2020). Results will help define the extent and geometry of known high grade copper-gold
mineralisation and may allow the estimation of a maiden Mineral Resource for this area.
The Company has planned for an initial 2,000 metres of RC percussion drilling to be completed at the Ninan Prospect. The work is anticipated to be completed by the end of August 2020 with assay results from the drilling expected to be finalised in September.