Coventry Resources Ltd: Mineralised Trend at Caribou Dome Extended by a Further 1,000m+
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/28/16 -- Coventry Resources Limited (ASX: CYY) ("the Company") is pleased to announce very encouraging results from ongoing exploration activities at the Company's high-grade Caribou Dome Copper Project in Alaska, USA ("Caribou Dome Project" or "Project").
During the past two months the Company has been undertaking ground geophysics surveying (specifically induced polarisation ("IP") surveying), drilling, mapping and soil sampling programs. To date, 5 drill holes have been completed as part of an 8,000m drilling program, for a total of 2,371m. Two diamond core rigs continue to drill at the Project.
The results of this ongoing work include the intersection of copper-rich massive sulphide mineralisation 290m below surface at the previously untested Menel Target - the size and significance of which has been greatly enhanced by this new discovery and by new IP data that show that this high-priority target extends for greater than 1,000 metres along strike (now the "Menel IP Trend"). Indeed recent reconnaissance resulted in the discovery of extensive copper mineralisation in outcrop at the other (NE) end of this corridor.
Announcement Highlights
Mike Haynes, Managing Director/CEO
Qualified and Competent Person
The information in this announcement that relates to exploration results for the Project is based on information compiled by Mr Ben Vallerine, who is a consultant to the Company and holds an indirect shareholding in the Company. Mr Vallerine is a Member of the Australian Institute of Geoscientists. Mr Vallerine has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results (JORC Code). Mr Vallerine is also a Qualified Person as defined by Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr Vallerine consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
Forward-Looking Statements
This news release may contain "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). Any forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, Coventry does not intend, and does not assume any obligation, to update this forward-looking information.
Any forward-looking information contained in this news release is based on numerous assumptions and is subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
Contacts:
Coventry Resources Limited
Mike Haynes
Managing Director/CEO
+61 8 9226 1356
+61 8 9226 2027 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2016 - 13:01 Uhr
Sprache: Deutsch
News-ID 486019
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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