Coventry Announces the Initial Dogpaw Gold Deposit Good luck to them,..i figure we will be waiting a while for any results out of PAK : "The drilling will be completed before the end of this winter and results will be reported as they are received and interpreted."
Coventry Announces the Initial Dogpaw Gold Deposit Mineral Resource Estimate, Part of the Cameron Gold Camp, Ontario
VANCOUVER, BRITISH COLUMBIA, May 13, 2013 (Marketwired via COMTEX) -- Coventry Resources Inc. CA:CYY +23.81% (asx:CYY) ("Coventry" and the "Company") is pleased to announce the initial NI 43-101 and JORC-Code (2012 Edition) compliant mineral resource estimate (Table 1) for the Dogpaw Gold Deposit ("Dogpaw"), one of several deposits within the Company's Cameron Gold Camp Project in NW Ontario, Canada ("Project").
The Dogpaw Gold Deposit is located 10km west of the Company's flagship Cameron Gold Deposit; immediately adjacent to an all-weather road that provides the main access to the Project (Figure 1). The addition of resources at Dogpaw continues to validate the Company's success as it implements its strategy of advancing satellite deposits that are proximal to the Cameron Gold Deposit, with a view to providing additional feed to its proposed mining operation at the Cameron Deposit. As part of this strategy Coventry plans to conduct further exploration drilling during the second quarter of 2013 to evaluate other highly prospective gold zones within the West Cedartree Gold Project, that the Company recently acquired from Houston Lake Mining Inc. ("Houston Lake"), particularly the Robertson and McLennan Prospects.
Table 1- NI 43-101 and JORC-Code Compliant Mineral Resource Estimate, Dogpaw Gold Deposit(i)
----------------------------------------------------------------------- ----- Cut-off grade Grade (g/t gold) Category Tonnes (g/t gold) Ounces of Gold ---------------------------------------------------------------------------- 0.5 Indicated 259,000 2.99 24,900 ---------------------------------------------------------------------------- Inferred 158,000 2.71 13,800 ---------------------------------------------------------------------------- (i) Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate.
This initial mineral resource estimate for Dogpaw is in addition to the previously reported mineral resource estimates for the Cameron and Dubenski Gold Deposits (Appendix 1) which formed part of a positive Preliminary Economic Assessment (PEA) announced by Coventry for the Cameron Gold Camp Project on 16 January 2013.
The Dogpaw Gold Deposit comprises a mineralised zone that extends over a strike of 310m and to a vertical depth of 210m. Gold mineralization occurs in the form of disseminated pyrite and silica with associated carbonate, mainly in gabbro, at a contact with mafic volcanic rocks where porphyry intrusions are apparently localized by a series of northwest-trending faults.
The mineralization at Dogpaw remains open to the east-northeast and at depth. Datageo Geological Consultants, which completed the independent resource estimation, has recommended further work that may result in the delineation of additional near surface mineralization.
Table 2 reports the mineral resource estimates within 150m of surface at the Dogpaw Gold Deposit as it is considered that open pit mining will be the most applicable method of mining.
Table 2- NI 43-101 and JORC-Code Compliant Mineral Resources at various cut-off grades, within 150m of surface, Dogpaw Gold Deposit (includes allowance for previous bulk sample)(i).
----------------------------------------------------------------------- ----- Cut-off grade Grade (g/t gold) Category Tonnes (g/t gold) Ounces of gold ---------------------------------------------------------------------------- 0.5 Indicated 247,000 3.02 24,000 ---------------------------------------------------------------------------- Inferred 64,000 2.27 4,600 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 1.0 Indicated 202,000 3.54 23,000 ---------------------------------------------------------------------------- Inferred 54,000 2.54 4,400 ---------------------------------------------------------------------------- (i) Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate.
Figure 1 - Location map of the Cameron and West Cedartree Gold Projects, with main deposits highlighted, including the Dogpaw Gold Deposit, as well as gold prospects and occurrences is available at the following address: https://media3.marketwire.com/docs/130513_Figure-1_map.pdf.
The Dogpaw mineral resource estimate was completed in accordance with the guidelines of NI 43-101 and JORC-Code (2012 edition) by independent consultants Datageo Geological Consultants, which audited and validated Coventry's geological deposit model. As part of the estimate process Coventry resampled 25% of previously sampled drill core to apply modern QAQC protocols and to validate historic assay data. This program produced statistically acceptable results validating the historic data.
It is understood that gold mineralisation at Dogpaw was first discovered in the early 1900's. The first recorded drilling was conducted by Noranda in 1944. Additional drilling was undertaken by Consolidated Golden Arrow and Nuinsco Resources during the 1960's and 1980's, however data derived from these programs is poorly-preserved. Between 1997 and 2008 Houston Lake completed an additional 102 diamond drill holes (11,811.9 metres). Data from the majority of these drillholes were utilised in the mineral resource estimate. As part of broader exploration at the West Cedartree Gold Project, Houston Lake also conducted extensive mechanical stripping and channel sampling at Dogpaw as well as at six other vein sets it identified.
In 1995, a 500 ton bulk sample was extracted from Dogpaw by selective open pit mining and processed at a third party facility. The average grade of this sample was 6.53 g/t gold. Removal of this material has been accounted for in the resource model.