Cavalier Resources (ASX:CVR) discusses strategic growth and upcoming developments for Crawford Gold Project

Cavalier Resources (ASX:CVR) has made significant advancements in its ongoing exploration at the Crawford Gold Project, with recent drilling in the Northern Development Area revealing promising high-grade results.

These findings, combined with assays pending from the Southern Development Area and the Miranda Target, suggest a strong potential for resource expansion.

To provide further insights into these developments, we spoke with Daniel Tuffin, Executive Technical Director and CEO of Cavalier Resources.

Tuffin discusses the implications of the recent drilling results, the company’s strategic direction, and the potential for future growth at Crawford.

How do the results from the recent drilling in the Northern Development Area enhance the potential for the Crawford Gold Project?

The recent drilling results from the Northern Development Area are pivotal in advancing the potential of the Crawford Gold Project.

By targeting extensions to known mineralisation beyond the Stage 1 starter pit, the drilling campaign returned high-grade intercepts that validate the project’s growth potential.

Notable results include 7m at 5.07g/t gold from 88m, including 2m at 13.60g/t gold (hole 25CFRC04), and 5m at 6.26g/t gold from 87m, including 1m at 21.30g/t gold (hole 25CFRC07).

These results further confirm the continuity of mineralisation to the north of the starter pit and suggest that the resource may extend both at depth and along strike.

The high-grade nature of these intercepts supports the potential for both an expanded open-pit operation and potentially an underground mining scenario.

With assays pending from the Southern Development Area and the Miranda Target, the results from this campaign add a critical dimension to the future growth of the Crawford project.

What are the implications of these northern drill results on Cavalier’s overall mine planning and development strategy?

The northern drill results significantly influence Cavalier’s mine planning and overall development strategy for the Crawford Gold Project.

The deeper, high-grade intercepts observed in the Northern Development Area suggest that mineralisation could extend further at depth, making it possible to expand the Stage 1 starter pit.

These findings support the hypothesis that the Crawford resource could evolve into a multi-stage mining operation.

“These northern, deeper intercepts further highlight the potential for a high-grade cutback or a future underground operation at Crawford. The northern near-mine development drilling has delivered strong results at depth, building on shallow historic intercepts along strike, adding further dimension to Crawford’s growth potential beyond the Stage 1 Starter Pit.”

The next steps will include refining the geological model, incorporating these results into an updated Mineral Resource Estimate, and expanding the scope of mine planning.

These findings will be key in evaluating the potential for further pit designs, and in assessing the feasibility of underground mining, which could increase both the scale and lifespan of the project.

What is Cavalier’s strategy for integrating the results from the pending assays in the Southern Development Area and the Miranda Target?

Cavalier’s strategy for integrating the pending assay results from the Southern Development Area and the Miranda Target revolves around expanding the resource base at Crawford.

The drilling in the Southern Development Area focuses on assessing the continuity of mineralisation to the south of the Stage 1 starter pit.

This area holds potential for expanding the pit through a Stage 2 cutback, which would extend the project’s life and enhance its economic viability.

At the same time, the Miranda Target is being explored for its potential to contribute additional mineralisation.

If the assays from this target are favourable, they will likely lead to a more comprehensive resource estimate that incorporates a wider area, further supporting the expansion of the project.

Once the assays are received, the results will be integrated into an updated Mineral Resource Estimate.

This will provide a clearer picture of the overall project potential and serve as the basis for refining future mine planning.

We are confident that these results will help guide the next stages of exploration, allowing us to continue expanding Crawford’s resource base.

How does Cavalier view the potential for an underground operation at Crawford based on these recent results?

Cavalier sees strong potential for an underground operation at Crawford based on the recent drilling results in the Northern Development Area.

The deeper, high-grade intercepts, such as 2m at 13.60g/t gold in hole 25CFRC04 and 1m at 21.30g/t gold in hole 25CFRC07, indicate that mineralisation continues at depth.

This presents a compelling case for the potential viability of an underground mining operation.

“The high-grade intercepts encountered at depth demonstrate the potential for mineralisation to extend further at depth, suggesting the possibility of an expanded Stage 1 starter pit or even the development of an underground mine.”

While it is still early in the evaluation process, these results strongly suggest that Crawford could evolve into a multi-stage operation that incorporates both open-pit and underground mining.

Further drilling and exploration will be necessary to define the full extent of the underground potential, but these recent findings provide a solid foundation for future feasibility studies.

What are the next steps for Cavalier Resources in terms of resource estimation and mine development at Crawford?

Looking ahead, Cavalier Resources is focused on refining the resource estimation for the Crawford Gold Project.

The next major step involves integrating the latest drilling results from the Northern Development Area into an updated Mineral Resource Estimate.

This updated estimate will incorporate not only the high-grade intercepts from the Northern Area but also the results from the pending assays in the Southern Development Area and the Miranda Target.

Once the updated resource estimate is completed, it will guide future mine planning, including potential expansions to the Stage 1 starter pit and the evaluation of underground mining options.

As we continue with exploration to extend mineralisation along strike and at depth, we aim to refine the resource base further, which will support the ongoing development of Crawford.

The updated Mineral Resource Estimate will also play a critical role in revisiting the Pre-Feasibility Study, which will incorporate the new resource data into the project’s financial and technical assessments.

Ultimately, Cavalier remains committed to advancing Crawford through its next development stages, ensuring it evolves into a significant and long-term gold mining operation.

Continued growth

Cavalier Resources continues to make steady progress with the Crawford Gold Project, with the most recent drilling results adding substantial value to the project’s overall resource base.

The high-grade intercepts in the Northern Development Area have reinforced the potential for future growth, while pending assays from the Southern Development Area and Miranda Target are expected to further delineate the project’s boundaries.

As the company integrates these results into a revised Mineral Resource Estimate and moves toward a comprehensive mine development plan, Cavalier is focused on advancing Crawford toward its next stage.

With both open-pit and underground potential, the Crawford Gold Project is poised for continued success, and Cavalier Resources remains committed to unlocking the full value of this promising asset.

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