The project is located nearly 10km from the Coventry’s Cameron gold deposit.
Commenting on the acquisition, Coventry Resources president and CEO Michael Naylor said that the purchase of the project strengthens its resources surrounding Cameron Gold Deposit.
"We are confident that this acquisition will have a positive impact on the economics of developing a mining operation at the Cameron Gold Camp Project," said Naylor.
"There is considerable potential to delineate additional high grade resources with further exploration at the Project where historical high grade intercepts have been recorded at numerous prospects where compliant resources are yet to be determined," he continued.
The company intends to implement an aggressive exploration program at the highest priority prospects in the near future.
