Coventry Resources Limited

Coventry Resources Limited

August 17, 2016 09:01 ET

Coventry Resources Ltd.: Recent Drilling, Geophysics and Soil Sampling Confirms the Substantial Potential of the Caribou Dome Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 17, 2016) - Coventry Resources Limited (ASX:CYY) ("the Company") is pleased to report further results from its ongoing field program at the high-grade Caribou Dome Copper Project in Alaska, USA ("Caribou Dome Project" or "Project").

Announcement Highlights

  • Copper-rich massive sulphide mineralisation intersected in recent drilling at both the Menel and Lense 4 IP Anomalies

  • Additional new high-priority targets defined over the entire 4.2km of strike surveyed with new IP to date

  • Extensive copper in soil anomalism delineated over 5km of strike at a new, entirely separate prospect located 11km NE of the Caribou Dome Deposit; with rock chips assaying up to 12.1% Cu

  • Recent exploration results continue to confirm there is considerable potential for substantial additional mineralisation across the Project

  • Drilling, with two rigs, and IP surveying, continues

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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.

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