Mining News: News Nuggets: Drilling hits high-grade copper NE of Caribou Dome deposit

Coventry Resources Ltd. Oct. 11 reported results from the first nine of 22 holes drilled this year at the Caribou Dome copper project about 155 miles north of Anchorage. Three holes drilled northeast of the historical Caribou Dome deposit cut significant high-grade copper. CD16-005, drilled about 120 meters northeast of the deposit, cut 1.1 meters of 5.5 percent copper from a depth of 532.1 meters. CD16-007, drilled about 100 meters southwest of CD16-005, cut 0.3 meter of 1.8 percent copper from a depth of 487.7 meters and one meter of 2 percent copper from 507.6 meters. Coventry said these two holes confirm that copper mineralization at the northeastern end of the Caribou Dome deposit extends to depths of greater than 300 meters, which significantly extends the resource area. CD16-009, drilled at the northeastern end of the deposit, cut 4.3m at 5.2 percent copper from 220.5 meters, 2.2 meters of one percent copper from 243.8 meters and 0.6 meters of 9.1 percent copper from 250.1 meters. Coventry said these results will help refine the interpretation of the thickness, grade and distribution of reasonably shallow mineralization that may be amenable to open pit mining. CD16-008, drilled in the Caribou Dome deposit at the northeastern end of Lenses 4 and 6, cut 3.5 meters of 11.5 percent copper from 49.2 meters and 0.4 meters of 2.4 percent copper from 103.1 meters.

-Shane Lasley