Coventry Resources Inc.

Coventry Resources Inc.

June 23, 2016 09:01 ET

Coventry Resources Limited Announces Second Drilling Rig Arrives at Caribou Dome Copper Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2016) - Coventry Resources Limited ("Coventry" or "the Company") Coventry Resources Limited (ASX:CYY) ("the Company") is pleased to announce that a second diamond core drilling rig has arrived at the Company's high-grade Caribou Dome Copper Project in Alaska, USA ("Caribou Dome Project").

Announcement Highlights

  • A second drilling rig has arrived at the Caribou Dome Project to expedite the Company's 8,000m drilling program
  • Initial drill-testing of the very-high priority Menel Target will commence immediately
  • Initial drill-testing of the very-high priority Guardian Target will follow shortly thereafter
  • New copper mineralisation mapped directly above the Menel Target and immediately along strike from the Guardian Target
  • Drilling with the first rig, which is currently testing the Lense 3, 9 and 1 Target areas, is progressing well
  • Ground geophysics survey also progressing well

Click here to view the full text of the ASX announcement

The full text of the ASX announcement has also been filed on SEDAR.

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.

Contact Information