Caravan Energy Commences Phase 1 Exploration Work at its EBB Property
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Caravan Energy Commences Phase 1 Explora�on Work at its EBB Property in
Bri�sh Columbia, Canada
May 17 2023 – Vancouver, B.C. – Caravan Energy Corp. (CSE: CNRG) (“Caravan” or the “ Company”) is
pleased to announce the commencement of Phase 1 explora�on work program (the “Program”) on its EBB
Property (the “Property”) located in Bri�sh Columbia, Canada.
Program Descrip�on
Prospecting, Mapping, Sampling and Geophysical Surveys
Based on historical and 2022 exploration work on the Property, the following target areas were identified
in the Technical Report and were recommended for a follow up work on the Property.
i. 2022 soil sampling work sampling work indicated coincidental silver, nickel and cobalt anomaly
on the eastern part of the soil survey area. The soil sampling grid will be extended.
ii. Results obtained from MAG/VLF lines in the survey grid indicate four target areas A, B, C, and D.
These areas will be followed up through further sampling.
iii. Extending the geophysical survey grid towards the east and west to check the extension of targets
C and B.
iv. The upper reaches of the Property were not covered by ground prospecting and sampling work
in 2022 due to snow cover. These areas will be covered during the current work.
v. Samples for this work are being shipped for preparation and analysis to ALS Geochemistry
Laboratories North Vancouver, BC which is an independent accredited laboratory in Canada.
SCHEDULE
The work commenced on April 18, 2023, and its duration will be 8-10 weeks depending upon the terrain,
weather and field conditions. Another 3 -4 weeks time will be required to get sample assays, data
compilation and reporting.
Qualified Person
Afzaal Pirzada, P .Geo., a “Qualified Person” for the purposes of Na�onal Instrument 43-101 - Standards of
Disclosure for Mineral Projects, has reviewed and approved the scien�fic and technical informa�on
contained in this news release.
On Behalf of the Board of Directors
Gurcharn Deol
President & Director
About the Company
The Company is a mineral explora�on company based in Vancouver, BC. and holds op�ons over the EBB
Property located in Bri�sh Columbia, Canada.
For more informa�on, investors should review the Company’s filings that are available at www.sedar.com.
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About the Property
The EBB Property consists of three contiguous mining claims claims covering approximately 2,199.74
hectares area in Port Renfrew Land District, Victoria Mining Division, British Columbia, Canada. The
Property can be accessed by following Pacific Rim Highway (HWY/ BC -4 W) from Port Renfrew which
passes about one kilometer south of the Property. The Marion Creek Forestry Road connects with Pacific
Rim Highway Forest at kilometer 53 and leads to the Property.
Geologically, the claim area is underlain by Westcoast Crystalline Complex dioritic intrusive rocks in
contact along irregular boundaries with limestone in the northern part which are belonging to the Upper
Triassic Quatsino Formation of Vancouver Group. Mineralization at the Ebb showing on the Property is
within gabbro and hornblendite rocks which contain pyrite, pyrrhotite, and chalcopyrite, along with
significant amounts of cobalt and nickel mineralization. The nickel minerals pentlandite and violarite are
also reported. In some area’s pyrite, pyrrhotite, magnetite and chalcopyrite are associated with an
epidote skarn. At the Golden Fraction showing, gabbros and diorites host serpentinite with pyrite and
chalcopyrite mineralization. On the Fairy Creek showing traces of chalcopyrite and malachite are present.
Forward-Looking Statements
Certain informa�on contained herein cons�tutes “forward-looking informa�on” under Canadian securi�es
legisla�on. Forward-looking informa�on includes, but is not limited to the proposed explora�on work,
prospec�ng, mapping, sampling and geophysical surveys to be completed on the Property and the
an�cipated dura�on and schedule thereof. Generally, forward-looking informa�on can be iden�fied by the
use of forward-looking terminology such as “will” , “will be” or varia�ons of such words and phrases or
statements that certain ac�ons, events or results “will” occur. Forward-looking statements are based on
the opinions and es�mates of management as of the date such statements are made and they are from
those expressed or implied by such forward-looking statements or forward-looking informa�on subject to
known and unknown risks, uncertain� es and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of the
Company have atempted to iden�fy important factors that could cause actual results to differ materially
from those contained in forward-looking statements or forward-looking informa�on, there may be other
factors that cause results not to be as an�cipated, es�mated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from
those an�cipated in such statements. Accordingly, readers should not place undue reliance on forward -
looking statements and forward-looking informa�on. The Company will not up date any forward-looking
statements or forward-looking informa�on that are incorporated by reference herein, except as required
by applicable securi�es laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.