Jul 15 2015
Coventry Resources Inc. is pleased to announce that during the weekend, diamond core drilling commenced at the Company's highly prospective high-grade Caribou Dome Copper Project in Alaska, USA.
Inaugural Drilling Program
The Company's inaugural drilling program will comprise a combination of:
- Confirmatory drilling - to verify the results of previous drilling so that, in due course, historic drilling data can be incorporated into a mineral resource estimate for the Project in accordance with the JORC Code and Canadian National Instrument 43-101; and
- Initial exploratory drilling - designed to target extensions of known mineralisation and to test previously undrilled high-priority exploration targets; both of which are being further refined following the recent completion of a detailed ground geophysics survey.
The initial hole, CD15-01 was drilled to validate results reported from historic exploration drilling that targeted the upper portions of Lense 6.
Two significant zones of mineralisation were intersected in CD15-01, approximately 12 and 4 metres thick respectively. The depths and thicknesses of this mineralisation are in line with the Company's expectations. The core from CD15-01 is currently being logged and sampled. Samples will be sent to a laboratory for analysis in accordance with JORC Code and NI43-101 standards. It is anticipated that assay results from this first hole will be available in two to three weeks.
To view images please click on the following link: http://media3.marketwire.com/docs/CYY0713.pdf
Drilling has commenced on the Company's second hole, CD15-02 which is also being drilled to verify mineralisation intersected previously at Lense 6.
Ground Geophysics Survey
During the past three weeks contractors have undertaken ground geophysics surveying at the Project to help delineate extensions of the known mineralisation, which comprises semi-massive to massive sulphides and accordingly responds very well to electrical geophysical techniques.
A detailed three-dimensional Induced Polarisation (3DIP) survey was undertaken over approximately 1500 metres of strike. Final data from this survey was received this weekend. The 3DIP survey has highlighted multiple highly chargeable zones that coincide with known mineralisation together with comparable responses that appear to highlight significant extensions of the known mineralisation. Additional discrete chargeability anomalies in prospective geological settings have also been delineated.
The Company is now completing its initial interpretation of the 3DIP data, which will be incorporated into planning for the current drilling program. A further update on the 3DIP survey and targets arising will be provided once interpretation is completed in the near term.