Coventry Resources strikes thick Alaskan copper
THE DRILL SERGEANT: Coventry Resources. (ASX: CYY) practically shouted the latest results from drilling being carried out at the company’s Caribou Dome copper project in Alaska.
The company said assay results of the drilling have confirmed thick, high‐grade mineralisation has been intersected in exploration drill hole CD15‐14.
The results are part of an ongoing drilling program at the Lense 7/8 target.
CD15‐14 is the first hole Coventry has drilled to commence evaluation of a previously untested, strong, 175m long induced polarisation (IP) anomaly located adjacent to outcropping mineralisation at Lenses 7 and 8.
Coventry explained the Lense 7/8 target emerged as a high priority due to its proximity to high‐grade mineralisation that was evident in adjacent historic drilling.
Results from the recent drilling include:
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.
Based on the limited information it has available to date, Coventry has interpreted the reported thicknesses to be close to true widths.
The company explained that it does not consider the mineralisation intersected in CD15‐14 to be down‐dip extensions of previously known mineralisation – that is it is not considered to be part of mineralisation at Lenses 3, 7, 8 or 9 – rather Coventry considers it is probably part of a new, previously undiscovered, ‘lense’ of mineralisation.
“New IP data and historic Mise‐a‐la‐Masse data (another electrical geophysical technique) show that the mineralisation in CD15‐14 coincides with strong geophysical anomalies,” Coventry Resources said in its ASX announcement.
“These are considered likely to arise from the strike extensions of the massive sulphide mineralisation, hence there is considerable potential to delineate additional mineralisation along strike from the mineralisation intersected in CD15‐14, and at depth.”
Encouraged by the results of recent drilling, Coventry said it now has one of two drilling rigs currently on site drilling additional holes to follow‐up on the mineralisation intersected in CD15‐14.
Email: info@coventryres.com.au
Website: www.coventryres.com.au