Coventry hits 320 g/t at Cameron
THE DRILL SERGEANT: Canada-focused gold development company Coventry Resources has received final analytical results from a recently-drilled diamond hole at its Cameron gold deposit located in western Ontario.
The hole was drilled in order to evaluate the poorly-explored footwall zone of the Cameron deposit.
Coventry has previously reported visible gold intercepts at Cameron and the latest results have confirmed high-grade, shallow gold mineralisation to be present.
Recently received results include:
– 3.4 metres at 58.73 grams per tonne gold from 5.4 metres, including 0.6 metres at 320.0 grams per tonne gold from 5.4 metres.
Coventry said the visible gold intersected in the latest drill hole was contained within a quartz-carbonate-sulphide vein that appears to trend oblique to the main mineralisation at Cameron.
“Given the oblique orientation of this vein relative to the general direction of most previous drill holes, it is likely that additional high-grade vein sets of similar orientation exist,” Coventry Resources said in its ASX announcement.
“If so they would be under-represented in the drilling that has been completed to date (because previous drilling has not been optimally directed to test for mineralisation in this orientation).
“Further work is being planned to determine this. Additional drilling to target these oblique vein systems is likely.”
Coventry has also received results from two other holes drilled to further evaluate the footwall zone of the main deposit, which both intersected mineralisation, including:
– 7.0m at 6.95 g/t gold from 148.0m, including 2.0m at 17.40 g/t gold from 153.0m;
– 9.0m at 2.92 g/t gold from 79.0m; and
– 3.0m at 6.05 g/t gold from 160.0m.
“Significant shallow mineralisation has now been delineated in the footwall zone of the main Cameron gold deposit over a strike length of more than 200 metres,” Coventry said.
“These results are expected to further positively impact on the impending resource upgrade as well as the overall economics of an open pit mining operation at the Cameron gold project.”
The results from a further 11 holes undertaken by the company to evaluate potential northern and north-western extensions to the Cameron deposit have also come in with encouraging figures including:
– 5.0m at 6.55 g/t gold from 58.0m;
– 6.0m at 4.29 g/t gold from 77.0m; and
– 5.0m at 2.48 g/t gold from 41.0m.
Coventry said these results continue to confirm additional parallel plunging higher-grade “shoots” of mineralisation are present immediately along strike to the northwest of the Cameron deposit.
The company is now highly confident it can increase the shallow resource base at the Cameron gold project, which would allow it the potential to develop a much larger open-pit than it considered possible before the current drilling commenced.