Coventry Resources Limited (ASX:CVY) Commences Follow-Up Drilling Program at Cameron Gold Project
Perth, Nov 21, 2011 AEST (ABN Newswire) - Coventry Resources Limited (
ASX:CVY) is pleased to advise that it has commenced a 10,000 metre, follow-up drilling program at the Cameron Gold Project in Ontario, Canada.
Following its initial drilling program, completed in September 2011, the Company upgraded the JORC-Code compliant Measured, Indicated and Inferred mineral resource estimate for the Cameron Gold Deposit to:
19.4 Mt at 2.24 g/t gold for 1.40 Moz of gold
Mineralisation at the Cameron Gold Deposit remains open to the northwest and at depth. The northwestern extension of the Deposit will be subject to further exploration during the current drilling program. Deep extensions of mineralisation will be evaluated in later programs.
The Company has also identified high-priority targets immediately adjacent to the west and south of the Cameron Gold Deposit, where there is potential to discover the faulted-offsets of the mineralisation. These two areas will be subject to first-pass drilling during the current program.
The Company will also further evaluate the bonanza-grade vein system that is interpreted to be strike oblique to the main Cameron Gold Deposit. This vein set was identified during the recently completed drilling program, with analytical results from these veins including 0.6 metres at 320.0 g/t gold and 0.35 metres at 289.0 g/t gold.
In addition there are more than 20 other known, underexplored gold occurrences and prospects within the 12,800 hectare Cameron Gold Project area. Many of these are high-priority targets for further exploration that provide considerable potential for expanding the Project's resource base. Several of these prospects will be evaluated further during the current drilling program.
View the complete announcement including tables: http://media.abnnewswire.net/media/en/docs/ASX-CVY-567509.pdf
Contact
Mike Haynes
Executive Chairman
E-mail: info@coventryres.com
Tel: +61-8-9324-1266
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