Coventry Resources maintains copper strike rate at Caribou Dome

THE DRILL SERGEANT: Coventry Resources (ASX: CYY) provided an update on continued drilling the company’s Caribou Dome copper project in Alaska, USA.

Coventry completed an initial 1,000m drilling program in July 2015, after which it mobilised a second rig to the project in August to accelerate a 4,000m exploration drilling program.

So far eleven additional diamond core holes have been completed with recent drilling focused primarily on testing for strike extensions of mineralisation at the Lense 7/8 Target and depth extensions of mineralisation at Lense 2.

In September Coventry announced the intersection of thicknesses of high-grade copper mineralisation in CD15‐14, the first hole drilled to evaluate the Lense 7/8 Target.

Assay results included:

0.8 metres at 12.4 per cent copper from 128.7m;

14.1m at 9.9 per cent copper from 134.6m;

2.4m at 3.7 per cent copper from 159.8m, and

0.4m at 13.6 per cent copper from 167.4m.

The company has since completed a further 6 holes at the Lense 7/8 Target to test for extensions of this mineralisation.

“In each of these six holes multiple intervals of semi‐massive to massive copper‐sulphide mineralisation have been intersected, particularly when holes have been drilled through Lenses 3, 7, 8 and/or 9 at shallow depths, prior to progressing deeper to test the strike extensions of the mineralisation intersected in CD15‐14,” Coventry Resources said in its ASX announcement.

“At least one individual mineralised interval is greater than 10 metres thick.”

Coventry declared the latest drilling has demonstrated high‐grade mineralisation to be present over at least 120 metres of strike at the Lense 7/8 Target.

According to the company, visual results it has received indicate there may also be areas where the mineralisation in Lenses 3, 7, 8 and/or 9 may be thicker than that intersected in drilling by previous explorers.

“There is potential to discover extensions of the mineralisation at the Lense 7/8 Target both along strike and at depth,” Coventry said.

“Further drilling will be undertaken in the next drilling program, following receipt and interpretation of assay results and installation of additional access tracks.”

Email: info@coventryres.com

Website: www.coventryres.com