Coventry Resources Limited (ASX:CVY) Announce Significant Extensions to the Cameron Gold Deposit in Canada

Perth, July 22, 2011 AEST (ABN Newswire) - Coventry Resources Limited (ASX:CVY) is pleased to advise that it has received analytical results for a further 25 diamond drill holes completed recently at the Cameron Gold Project in Ontario, Canada.

These holes were completed to further evaluate the potential of the northern and north-western extensions of the +1Moz Cameron Gold Deposit (13 drill holes, 1,857 metres), as well as the poorly-drilled footwall zone of the deposit (15 drill holes, 1,575 metres). Drilling is continuing in the northwestern zone, with two diamond rigs operating.

Northern and Northwestern Extensions of the Cameron Gold Deposit

Only limited exploration was undertaken previously at the northern and north-western extensions of the Cameron Gold Deposit, as previous owners had focused on developing an underground mine to exploit the main high-grade plunging ore shoot at the Cameron Gold Deposit.

The Company is confident it can develop an economically viable open pit to begin the development of this deposit. As such it is undertaking a concerted, multi-staged, drilling program to evaluate shallow resources that are potentially amenable to open pit mining in close proximity to this main ore shoot.

During the Company's first phase of drilling in this high-priority area during the fourth quarter of 2010, holes were collared on reasonably broadly-spaced centres (nominally on 80 metre by 40 metre centres). Despite this broad spacing exceptionally promising results were returned including:

- 16.0 metres at 3.53 g/t gold from 42.0 metres, including 5.0 metres at 6.28 g/t gold from 47.0 metres

- 5.0 metres at 5.05 g/t gold from 68.0 metres, and

- 7.0 metres at 2.48 g/t gold from 46.0 metres

Forty three holes have been completed to date in an intensive, second-phase infill and extensional drilling program in this high-priority area during the past 8 weeks. Analytical results have been received for the first 13 of these 43 holes. Significant results have been returned from all 13 holes. Considerable ore-grade mineralisation has been delineated in numerous holes, including:

- 7.0 metres at 10.99 g/t gold from 30.0 metres

- 17.0 metres at 1.28 g/t gold from 162.0 metres

- 5.0 metres at 3.15 g/t gold from 95.0 metres

- 5.0 metres at 3.05 g/t gold from 122.0 metres

- 2.0 metres at 5.96 g/t gold from 15.0 metres

These results confirm the existence of additional parallel plunging high-grade mineralised shoots immediately along strike from the main high-grade plunging ore shoot at the Cameron Gold Deposit. These results also further confirm the potential to increase the shallow resource base at the Project, away from the main deposit itself.

Analytical results are pending for a further 30 holes (4,904 metres) completed in this area recently.

Drilling continues, with two diamond drilling rigs operating. Plans are in place to drill a further 30-50 holes in this area during the next 6-8 weeks. Results will be reported regularly as they come to hand.

Cameron Gold Deposit - Footwall Zone

Due to former owners' focus on developing the Cameron Gold Deposit as an underground mine, shallow mineralisation in the footwall zone of the Deposit is poorly-defined. As part of the Company's strategy to increase the resource base amenable to open pit mining, a systematic drilling campaign to better define this mineralised zone was undertaken recently.

A total of 15 diamond drill holes for 1,575 metres have been completed as a first-pass infill evaluation of the footwall zone. Results have been received for 12 of these holes, with significant results returned from 11 holes. Shallow, high-grade gold mineralisation has been delineated in numerous holes, including:

- 12.0 metres at 4.52 g/t gold from 10.0 metres

- 3.0 metres at 11.56 g/t gold from 14.0 metres

- 7.0 metres at 4.61 g/t gold from 9.0 metres

- 5.0 metres at 4.90 g/t gold from 3.0 metres

These results will impact positively on the overall economics of an open pit mining operation. Further drilling will be completed in this zone where the mineralisation remains poorly defined.

Analytical results for three holes drilled in the current reporting sequence remain outstanding pending re-assay of select samples (holes CCD-11-099, CCD-11-111 and CCD-11-113). Visible gold was noted in shallow mineralisation intersected in CCD-11-099. The results from these holes, as well as other completed holes, will be reported as they come to hand.

For the complete Coventry Resources announcement including figures, please refer to the following link:
http://media.abnnewswire.net/media/en/docs/ASX-CVY-549863.pdf

Contact

Mike Haynes Executive Chairman Email: info@coventryres.com Tel: +61-8-9324-1266 http://www.coventryres.com