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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	CVY
Latest Price:	0.14 (0.00%)
52-week High:	0.31
52-week Low:	0.11
Market Cap:	23.21M

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Coventry Resources

Coventry Resources (ASX: CVY) is a gold exploration company focussed on acquiring, finding and developing high-quality gold assets in the Superior Province in eastern Canada.

The company has confidence that an economically viable open pit mining operation can be developed at the Cameron Gold Deposit.

Coventry Resources commences second phase of drilling program at Ardeen Gold Project

Tuesday, February 09, 2010

Perth-based Coventry Resources (ASX:CVY) has kicked off its second phase drilling program at the Ardeen Gold Project in Ontario, Canada.

This program, which will comprise approximately 2,000 metres of diamond drilling, has been designed primarily to evaluate extensions to mineralisation at the high priority McKellar Prospect, where only four holes were completed during the Company’s inaugural drilling program because of restricted access.

Mineralisation at the McKellar Prospect extends over more than 3,200 metres of strike, with results from previous drilling programs including 3.7 metres at 41.7 g/t gold from 13.4 metres, 4.3 metres at 37.3 g/t gold from 11.9 metres, 3.4 metres at 14.4 g/t gold from 28.2 metres and 1.2 metres at 12.9 g/t gold from 3.6 metres.

High-grade results returned from the Company’s recently completed drilling programme will also be followed up during the current program.

The Company has the right to acquire up to a 100% interest in the high-grade Ardeen Gold Project, where approximately 30,000 ounces of gold were recovered during mining in the 1930s.

Considerable shallow highgrade gold mineralisation has been intersected in the almost 20,000 metres of diamond drilling now completed at the project. Mineralisation at most prospects remains open in all directions.

As part of its aggressive growth strategy, the Company recently announced the acquisition of a 100% interest in the advanced high-grade Cameron Lake Gold Project, also located in Ontario, Canada, only several hundred kilometres from the Ardeen Gold Project.

The resource base at the Cameron Lake Gold Project currently comprises 2,567,000 tonnes at 5.42 g/t gold for 447,421 oz gold (3.0 g/t cut-off). Recalculation of this resource, in light of high prevailing gold prices and the opportunity to develop an open pit mining operation, is progressing well.

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