Coventry commences Canada campaign

THE DRILL SERGEANT: Coventry Resources has commenced a drilling program at the company’s Rainy River gold project located in north-western Ontario, Canada.

The Rainy River project comprises 120.9 square kilometres of mineral rights and is situated adjacent to the rapidly expanding 6.7 million ounce Rainy River gold deposit of TSX-listed Rainy River Resources.

 

Location of Coventry’s Cameron and Rainy River gold projects in NW Ontario, Canada. Source: Company announcement

 

Coventry claims to be the second-largest landholder in the Rainy River Greenstone Belt, which it said is now recognised as Canada’s newest gold district.

Although the Rainy River deposit is well-known there has been limited exploration undertaken previously in this, what Coventry described to be, “highly prospective Archaean-aged greenstone belt”.

Despite the limited exploration work Coventry has identified a number of high-priority gold targets within its project area.

“The company has commenced a reverse circulation (RC) drilling program to explore for gold in the glacial till cover within the company’s project area,” Coventry Resources said in its ASX announcement.

“Drilling will target known gold anomalies, such as Martin, Stafford, Neilson and Stock.

“First-pass, reconnaissance type samples will also be collected at the company’s Blue Property, where stratigraphy akin to that hosting the Rainy River Gold Deposit is present.

“No exploration has been undertaken here previously.”

Coventry said it anticipates generating geochemical anomalies from this drilling program in conjunction with its concurrent ongoing backhoe till sampling program, in advance of bedrock drilling.

The initial, first pass drilling program is expected to be completed in six to eight weeks, with analytical results returned soon after.

Diamond drilling at the company’s 1.4Moz Cameron gold project, 100km away, is continuing, in conjunction with a pre-feasibility study into the development of this deposit.