Coral Drills 6m of 3.74 g/t Au at Robertson, Nevada
08 Dezembro 2010 - 12:00PM
Marketwired
Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN:
GV8)(FRANKFURT: GV8) is pleased to announce encouraging results
from a further three diamond core holes drilled at Coral's
Robertson property in Crescent Valley, Nevada.
These holes are part of a 15 hole diamond core program which
Coral started September 16.
The holes, CC10-7 to CC10-9 are vertical and range from 400 to
600 feet in depth (122 to 183 metres) and focus on the Altenburg
Hill zone. The drill program is currently on the 15th and final
hole.
The program is designed to twin 2008 RC holes in order to
provide material for metallurgical test work. This will consist of
column leach tests by McLelland Labs in Reno, Nevada.
All samples were collected by Robert McCusker, a qualified
person as defined by NI 43-101 and were fire assayed by ALS
Minerals Labs using an AA finish.
Results of the three holes compared to the twinned RC holes are
as follows:
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From To Thickness Au Thickness Au
Hole ID (ft) (ft) (ft) oz/t (m) g/t
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CC10-7 5 15 10 0.021 3.0 0.72
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75 155 80 0.040 24.4 1.37
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Including 130 150 20 0.109 6.1 3.74
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190 195 5 0.031 1.5 1.06
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275 295 20 0.013 6.1 0.45
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325 330 5 0.040 1.5 1.37
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CR08-26 25 155 130 0.020 39.6 0.69
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290 315 25 0.018 7.6 0.62
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CC10-8 95 175 80 0.019 24.4 0.65
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230 245 15 0.023 4.6 0.79
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290 305 15 0.021 4.6 0.72
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320 350 30 0.026 9.1 0.89
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390 405 15 0.022 4.6 0.75
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465 470 5 0.035 1.5 1.20
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490 495 5 0.11 1.5 3.77
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CR08-25 60 150 90 0.019 27.4 0.65
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375 415 40 0.013 12.2 0.45
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CC10-9 50 145 95 0.014 29.0 0.48
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195 215 20 0.027 6.1 0.93
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270 285 15 0.029 4.6 0.99
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CR08-21 0 100 100 0.019 30.5 0.65
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130 200 70 0.017 21.3 0.58
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270 305 35 0.017 10.7 0.58
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Coral Gold, incorporated in 1981 continues to explore and
develop a series of strategic claims along the Cortez Gold trend
known as the Robertson Project. Coral has an inferred gold resource
of 3.4 million ounces. The Company notes that gold assays from
drilling completed in 2008 and 2010 are not included in the current
3.4-million-ounce gold-inferred resource. This data is being input
into a new resource estimate. All the latest drilling and new
metallurgical work will be used in a new NI 43-101-compliant
independent Preliminary Economic Assessment anticipated for
mid-2011. A PEA is designed to illustrate the project viability in
the current cost environment.
For more information on the Robertson Property and Coral Gold's
other Nevada projects, visit the Company's website at
www.coralgold.com.
ON BEHALF OF THE BOARD
David Wolfin, President & Chief Executive Officer
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Coral Gold Resources Ltd. David Wolfin President &
Chief Executive Officer 604.682.3701 604.682.3600 (FAX)
info@coralgold.com www.coralgold.com
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