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Coventry Resources Ltd.
Summary
| Project: | Caribou Dome | |
|---|---|---|
| Deposit: | Caribou Dome | |
| Location: | United States | |
| Commodities: | Copper | |
| Date: | 10/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2016: Coventry Resources Ltd. announces an Exploration/Drilling Update report for its Caribou Dome deposit at the Caribou Dome project. Drilling results incl. 3.5m @ 11.45% Cu from 49.2m. Coventry Resources Limited (ASX:CYY; “Coventry” or “the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ben Vallerine (Internal) | |
| ABSTRACT: | Coventry Resources Limited (ASX:CYY; “Coventry” or “the Company”) is pleased to announce it has received analytical results for the first 9 holes drilled during a recently completed drilling program at the high‐ grade Caribou Dome Copper Project in Alaska, USA (“Project”). A total of 22 holes were drilled for 6,520m (see Figure 1). The objectives of the drilling program were to (i) increase the resource base at the Project and (ii) to improve the understanding of the grade, thickness and distribution of the shallow mineralisation so that development of a potential initialstarter high‐grade open pit operation can be assessed with greater confidence. Very significant high‐grade mineralisation was intersected in 3 of the holes drilled at the NE end of the Caribou Dome Deposit: CD16‐009 intersected 3 zones of high‐grade mineralisation over a 30m thick sequence of interbedded sedimentary and volcanic rocks. Significant intersections of mineralisation included 4.3m at 5.2% Cu from 220.5m, 2.2m at 1.0% Cu from 243.8m and 0.6m at 9.1% Cu from 250.1m. These results will help refine the interpretation of the thickness, grade and distribution of reasonably shallow mineralisation at the NE end of the Deposit that may be amenable to open pit mining. | |
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