SGC is pleased to report that Caravel Minerals has released an updated Mineral Resource Estimate for their Caravel Copper Project of 1.18 billion tonnes @ 0.24% Cu and 48 ppm Mo for 2.84Mt of contained copper (0.1% Cu cut-off), demonstrating a strong business case for project development.
SGC is contributing to this project through passive seismic geophysical surveys for depth to bedrock mapping. These data are used in conjunction with historical drilling data and mapping to create 3D models of the modern and paleo drainage features.
The passive seismic program is managed by Principal Geophysicist Remke van Dam with data acquisition performed by SGC Field Services.
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