CVY same out today with outstanding high-grade shallow drill results from flagship gold mine. Company wel under the radar so imo, 40-50% under what it should be worth.
RSN a tiny spec under 10mn mkt cap drilling currently at high grade qld gold operation. Some rockchips reported grades in excess of 350 g/t. Some of the highest grade out there!
Chaiman just put down another $500,00 or so behind the company. Easy multibagger from these levels.
Below is proactive investors take on CVY (Coventry Resources gold results today)
Coventry Resources Limited is an Australian Stock Exchange-listed company (ASX Code: CVY) based in Perth, Western Australia and focused on acquiring, exploring and advancing quality projects in Ontario, Canada. Coventry Resoruces' key asset is the Ardeen Gold Project, a high-grade vein Archaean gold deposit in the Shebandowan Greenstone Belt, which forms part of the Superior Province of Canada.
Thursday, December 03, 2009
Coventry Resources reports exceptional high-grade drilling results at Ardeen Gold Project company news image
Coventry Resources (ASX: CVY) has wrapped up an initial drilling program at the Ardeen Gold Project in Ontario, with exceptional high-grade results reported.
Fifty-three diamond drill holes were completed totalling 6,435 metres, with final results now received for the first 33 drill holes of the program.
Exceptional high-grade results returned from the Fisher Prospect, including 11.6 metres at 27.0 g/t gold from 22.5 metres, 9.1 metres at 8.45 g/t gold from 8.5 metres, 2.3 metres at 3.82 g/t gold from 34.5 metres and 0.8 metres at 8.88 g/t gold from 25.2 metres.
The company also received encouraging results from the first three holes ever drilled at the Post Prospect, including 1.56 metres at 4.25 g/t gold from 73.5 metres.
Analytical results for the remaining 20 drill holes are expected during the next 1-2 months, while re-sampling and analysis of ~12,000 metres of historic diamond drill core is underway.
A winter drilling program to access prospective targets under swamp cover, including much of the high priority McKellar Prospect, planned for early February 2010.
Laboratory analysis of samples have been collected as part of a large scale till and humus sampling program in progress, with results expected early 2010.
The company will continue evaluating additional acquisition opportunities in the Archaean Superior Province of Canada.
