Mining News: News Nuggets: All signs point to much longer copper trend at Caribou Dome

Coventry Resources Ltd. July 28 said its 2016 field program has extended mineralization at its high-grade Caribou Dome copper project in Alaska by more than 1,000 meters. A historical reserve of 550,000 short tons averaging 5.84 percent copper was calculated for the Caribou Dome deposit in 1970. Coventry’s 2016 program of ground geophysics, drilling, mapping and soil sampling is targeting extensions of this deposit, primarily to the northeast. These IP anomalies are located at the contact between the sediment and volcanic sequences, the same stratigraphic position that the Caribou Dome deposit occupies. Field reconnaissance at the northeast end of the Menel IP trend, geologists have discovered extensive outcrops of copper mineralization such as bornite, malachite and azurite at the northeast end of the 1,000-meter-long Menel trend. While assay results are not yet available, Coventry reports that one hole drilled this year at Caribou Dome has cut copper-rich massive sulfide mineralization at 290 meters below surface at the previously undrilled Menel target. Through July 27, 2,371 meters of drilling in five holes had been completed at Caribou Dome. With two drills turning, though one rig has been plagued with mechanical issues, Coventry plans to complete 8,000 meters by the end of the season. Both the Menel Trend and Caribou Dome deposit are targets of the balance of the drill program. The company is also continuing its IP geophysical survey, which includes on overlay of areas surveyed last year with configuration designed to detect deeper targets as well as a continuation of the survey to the southwest of the Caribou Dome deposit.

-Shane Lasley