Coventry readies Cameron for update
THE DRILL SERGEANT: Coventry Resources has received analytical results from a recently completed drilling program carried out at the company’s Cameron gold project in Ontario, Canada.
The latest results are for 34 of the 35 outstanding holes from the program, which comprised a total of 299 holes for 44,135 metres.
These holes were drilled in order for Coventry to evaluate the northern and northwestern extensions of the one million ounce-plus Cameron gold deposit.
“Very high-grade gold mineralisation was intersected in one of these holes, which was drilled to evaluate the down-plunge extension of northern end of the Cameron gold deposit,” Coventry Resources said in its ASX announcement.
Results from this hole included:
– 9.1 metres at 11.91 grams per tonne gold from 256.0 metres, including 0.35 metres at 289.0 grams per tonne gold from 262.7 metres.
“The intersection of bonanza-grade gold mineralisation in this drill hole, which follows the recently reported intersection of 3.4 metres at 58.73 g/t gold, including 0.6 metres at 320.0 g/t gold further confirms the potential to delineate additional very high-grade quartz vein sets within the Cameron gold deposit that have until now been largely unrecognised,” Coventry said.
“Numerous other holes drilled to evaluate the northern and northwestern extensions of the Cameron gold deposit also intersected high-grade gold mineralisation.”
Recent results include:
– 4m at 6.18 g/t gold from 171.3m, including 1m at 19.10 g/t gold from 173.3m;
– 1m at 36.40 g/t gold from 263.2m;
– 5m at 4.48 g/t gold from 64m;
– 2.8m at 4.13 g/t gold from 75.3m; and
– 2.5m at 4.29 g/t gold from 28.5m.
Coventry said it considered these results have provided further confirmation of additional thicker, higher-grade shoots of mineralisation immediately along strike from the main mineralised zone at the Cameron gold deposit.
The company said the recent drilling had also confirmed that these shoots have significant depth.
Despite recent intensive drilling, mineralisation to the north and northwest of the Cameron gold deposit remains open along strike and at depth.
The current mineral resource estimate for the Cameron gold deposit currently sits at:
– 11.3 million tonnes at 2.77 grams per tonne gold for one million ounces of gold.
This estimate has not been recalculated since the drilling program began.
Coventry indicated that a new resource upgrade is anticipated to be finalised during November 2011.
