CVV - Caravel Minerals - Aussie Stock Forums

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  1. #1

    Default CVV - Caravel Minerals

    Silver Swan Group Ltd (SWN) list tomorrow at 2.30pm. It has acquired tenements in SA exploring for mainly nickel and gold. It raised $3 million via their IPO which closed early over subscribed.

    15 million shares on hand which seem to be rather tightly held.

  2. #2

    Default Re: SWN - Silver Swan Group

    Still a few hours to go but looks like listing at 26 cents. Lots of buyers, few sellers so far

  3. #3

    Default Re: SWN - Silver Swan Group

    Great debut - opened at 27.5cents high of 30 cents and limited sellers. One to watch

  4. #4
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: SWN - Silver Swan Group

    Wow nothing on SWN for nearly 6 years.

    Ordinary Shares 131.5 million
    Options 35.0 million
    Market Cap (at 3.6 cents) $4.7 million
    Cash $3.4 million

    Copulos Group 17.73%
    Paul van Loenhout 4.16%
    HSBC Nominees Australia Limited 3.86%
    Hillgrove Resources Limited 3.19%
    Richard Brown 2.56%

    Projects – Spain and Australia

    La Codosera Gold Project
    • Located 40km from the provincial capital Badajoz of the Extremadura region of eastern Spain
    • Five mineral permits (Afra, Buenavista, Breρa, Monteviejo and Sierra Lugar) of 18.5km2
    • Extensive historic gold workings; 8 gold prospects
    • Gold associated with stacked saddle reefs, in fault-parallel veins, steep oblique breccia zones, along the limbs and in the core of antiforms, in conglomeratic quartzites

    Potential for significant and multiple horizons of open-pit gold mineralisation
    • Historic diamond drilling returned high-grade intersections: 10m @ 3.6g/t Au & 4.6m @ 2.3g/t Au (C27B); 8m
    @ 3.0g/t Au (C-27); 7.1m @ 2.7g/t Au (C-32); 4m @ 5.9g/t Au (Ng-08); 16m @ 1.5g/t Au (NG-15)
    • Positive historic trench results 22m @ 1.7 g/t, 16m @ 2.7 g/t, 4m @ 7.2 g/t and others
    • Native gold filling fractures and vugs at Cerro de Los Algarbes
    • Potential for significant and multiple horizons of gold: open pit
    • Large undrilled areas to be tested

    Joint Venture - Silver Swan Group & Astur Gold Inc: Key terms
    • Silver Swan will expend on exploration a total of AUS$3.0M for an 80% interest in the project from Astur Gold
    - $1.5M expenditure to earn 51% within a period of 3.5 years (including $500,000 minimum expenditure
    commitment to be expended within a period of 14 months)
    - $1.5M expenditure to earn 80% within a period of 5 years
    • SWN will provide to Astur up to $1.0m worth of SWN shares, in $0.5m tranches, conditional upon SWN achieving Indicated JORC Resources of 500,000oz gold and 1,000,000oz gold respectively

    Quinns VMS Project
    JORC Mineral Resource Estimate: (ASX Announcement 6 April, 2010)
    1.48Mt@1.02% Cu, 1.39% Zn, 0.24g/t Au, 3.31g/t Ag
    Measured (463,428t) Indicated (703,286t) Inferred (317,708t)
    High grade intercepts
    • 58m@2% Cu from 148m, including:
    • 5m@ 10% Cu
    • 2m@ 17% Cu
    • 38m@14% Zn from 105m, including:
    • 2m@46% Zn
    • 6m@33% Zn

    Flinders VMS Prospect
    Flinders prospect – strong indicators of VMS mineralisation
    11FLD001 5m @ 1.2% Zn, (258-263m), 11m @ 0.2%Cu
    11FLRCD003 10m @ 4.7% Zn incl. 6m @ 7.0% Zn (247-257m)
    11FLRCD004 5m @ 1.3% Zn (333-338m) & 6m @ 0.3% Cu (336-342m)
    11FLRCD006 8m @ 1.2% Zn incl. 1m @ 5.1% Zn (252-260m)

    Drilling to commence in mid June

    Tasman & Murchison Wonder VMS Prospect
    10TSRC002 6m @ 3%Zn, 12m @ 5.5g/t Ag, 6m @ 0.4%Cu
    Drilling of diamond holes in each prospect area is due to commence in mid June

    11MWRC005 3m @ 2.9%Zn, incl. 1m @ 5.5% Zn, 1m @ 2.7% Zn
    11MWRC003 9m @ .85% Zn, incl. 1m @ 1.53% Zn, 1m@1.2% Zn,1m@1.3% Zn

    • Highly prospective for Cu-Au mineralisation
    • Airborne VTEM has delineated 5 anomalies
    • Drilling at Lady Alma into off-hole conductor
    • All NE-trending fault systems to be systematically traversed for Gabanintha Cu-Au style mineralisation
    2m @ 1.3% Cu
    Copper Hills
    7m @ 1% Cu, 2m @ 2.6% Cu,
    1m @ 3g/t Au, 1m @ 1.4% Cu
    • Highly prospective for Cu-Au mineralisation
    • Airborne VTEM has delineated 5 anomalies
    • Drilling at Lady Alma into off-hole conductor
    • All NE-trending fault systems to be systematically traversed for
    Gabanintha Cu-Au style mineralisation

    3m @ 1.4% Cu, 1m @ 1.8g/t Au
    2m @ 1.3% Cu, 3m @ 1.4% Cu, 5g/t Au,
    3m @ 1% Cu, 1m @ 2g/t Au, 1m @ 1.9% Cu, 2.3g/t Au
    3m @ 2.5% Cu, 1m @ 1.4g/t Au
    7m @ 1.3% Cu, 3m @ 2% Cu
    4m @ 2.4% Cu, 1.6g/t Au
    5m @ 1.2g/t Au

    Abbotts Gold Project
    • Tenements cover 265km2, 30km NNW of Meekatharra
    • Prospective for lode-gold mineralisation
    • Dismembered layered intrusion, felsic & mafic sequences – opens up Cu-Zn mineralisation
    • Over 600m of strike, gold results include: 4m @ 13.9g/t, 4m @ 13.2g/t, 3m@21.5g/t, 4m@10g/t, 5m@39.2g/t. 3m@12.5g/t
    • Anomalous copper mineralisation identified in the north
    • Much of Abbotts remains unexplored

    Fully Underwritten Rights Issue to raise $2.1M
    $2.1M to be raised in a fully underwritten Rights Issue
    One new share offered at $0.032 for every two shares on issue
    One free attaching listed option with an exercise price of $0.07 cents per share for every two new shares issued
    Cash to be principally directed at exploration and drilling programmes in Spain and Australia
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  5. #5

    Post Re: CVV - Caravel Minerals

    On November 27, 2012, Silver Swan Group Limited (SWN) changed its name to Caravel Minerals Limited (CVV).

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