Caravel Minerals Limited announced that the next phase of exploration activity at its Calingiri Project, has commenced. This component of a planned multiphase field exploration programme is expected to be completed and reported before the end of first quarter of 2017. An initial air core drilling program is evaluating several copper geochemical targets in close proximity to the Bindi and Dasher JORC Resources, as well as an undrilled trend near the western perimeter. The programs include: Air core drilling to test previously undrilled geochemical anomalies within the regional copper-molybdenum target trend; Air core drilling to test a previously undrilled regional structural trend with coincident copper geochemical anomalism; and initial geophysical testing of a multielement geochemical target interpreted to be a potential VMS target. The planned exploration programs are part of Caravel's strategy to increase the size and grade of the existing JORC Resources at Calingiri with the results being incorporated in the planned pre-feasibility study due in 2017.