Caravel Resources claims Bryah project manganese discovery

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THE DRILL SERGEANT: Caravel Minerals (ASX: CVV) has claimed discovery of a zone of high-grade outcropping manganese mineralisation the new Landor prospect, located within the company’s Bryah project in Western Australia.

The new discovery extends over 1.5 kilometres of strike at Caravel’s 92.5 per cent-owned exploration licence E51/1290, located 80 kilometres north of Meekatharra.

Caravel said it recorded surface samples grading up to 50 per cent manganese with average manganese mineralisation grading 30 per cent manganese from a total of 63 rock chip samples taken over the 1.5km of inferred strike length.

Caravel’s joint venture partner and Cazaly Resources (ASX: CAZ) subsidiary company, Sammy Resources holds the remaining 7.5 per cent interest.

The outcropping manganese mineralisation was confirmed during the company’s 2013 mapping campaign undertaken at the Bryah project.

 

 Landor manganese surface sample (rock chip) localities with results
over manganese surface (soil) geochemistry. Source: Company announcement

 

“While our focus remains on our flagship Calingiri and Wynberg projects in Western Australia and Queensland respectively, these results demonstrate the outstanding potential of the Bryah project to host economic manganese mineralisation,” Caravel Resources chief executive officer Marcel Hilmer said in the company’s announcement to the Australian Securities Exchange.

“The sampling to date has returned consistent high grades and the mineralisation remains open in all directions.

“The Bryah project, which is located in the same region which has delivered the world-class DeGrussa copper-gold deposit, also remains prospective for additional base and precious metal mineralisation.

“While it does not have quite the same profile as some of the other base and precious metals, manganese is the world’s fourth most traded metal.

“It is a crucial component in the manufacture of steel, used in a variety of alloys and, importantly, is the major component in the creation of lithium ion batteries.

“Australia has three world-class manganese mines at Woodie Woodie in Western Australia and at Groote Eylandt and Bootu Creek in the Northern Territory.

“The strong demand for manganese in conjunction with these outstanding results at Landor has significantly upgraded the prospectivity of the Bryah project.”