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Coventry Resources Limited discloses initial drilling results for King's Bay Gold Corporation's Meston Prospect at Cameron Lake in the Kenora Mining Division of Ontario
Mar. 11, 2011 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to rep...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nCoventry Resources Limited discloses initial drilling results for King's Bay Gold Corporation's Meston Prospect at Cameron Lake in the Kenora Mining Division of Ontario\n\n Mar. 11, 2011 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to report that Coventry Resources Limited (OOTC:CVYRF) (ASX: CVY) has announced initial results from their diamond drilling program at King's Bay Gold's Meston Prospect on the former Nucanolan Property at Cameron Lake. The former Nucanolan Property adjoins Coventry Resources's Cameron Gold Deposit and is comprised of the Meston and the Sullivan Prospects. The former Nucanolan Property is comprised of 20 leased claims for approximately 800 acres and is located approximately five kilometres along strike from the Cameron Gold Deposit. Coventry Resources has the right to earn up to an 80% interest in the former Nucanolan Property from King's Bay Gold by expending a minimum of $1,000,000 on or before February 16th, 2014. Thereafter, with King's Bay Gold retaining a 20 % interest, both companies may participate in further exploration at the prorated rate of 80 % / 20 % until a production decision is made.Please refer to the March 7th, 2011 Coventry Resources news release for the analytical results that have been received to date for the first nine holes drilled at the Meston Prospect (1,503 metres). The following is a quote from the Coventry Resources news release that can be found at www.coventryres.com/ASXAnnouncements.html. :\"Initial drilling has intersected very encouraging shallow gold mineralization including:-4.0 metres at 5.16 g/t gold from 5.0 metres-8.7 metres at 2.19 g/t gold from 5.3 metres-2.0 metres at 4.67 g/t gold from 3.0 metres-1.0 metre at 3.47 g/t gold from 68.0 metresMineralization remains open in all directions. One diamond drilling rig continues to operate at the Meston Prospect to help determine the possible extent of the mineralization there.\"The Competent Persons Statement in the Coventry Resources Limited news release of March 7th, 2011 identifies Anthony Brendon Goddard as the Competent Person as defined in the 2004 Edition of the \"Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves\" and as the Qualified Person as defined by Canadian National Instrument 43-101 (Standards for Disclosure for Mineral Projects). ...