Coral Drills 5 ft of 7.637 g/t Au at Robertson, Nevada
November 11 2010 - 7:00AM
Marketwired Canada
Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) is pleased to announce
results from a further three diamond core holes drilled at Corals Robertson
property in Crescent Valley Nevada.
These holes are part of a 15 hole diamond core program which Coral started
September 16.
The holes, CC10-4 to CC10-6 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 12th 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
N143-101 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:
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Hole ID From (ft) To (ft) Thickness (ft) Au oz/t Au g/t
-------------------------------------------------------------------------
CC10-4 0 40 40 0.024 0.82
-------------------------------------------------------------------------
60 170 110 0.022 0.75
-------------------------------------------------------------------------
300 320 20 0.012 0.41
-------------------------------------------------------------------------
365 380 15 0.044 1.51
-------------------------------------------------------------------------
CR08-30 5 165 160 0.023 0.79
-------------------------------------------------------------------------
280 345 65 0.012 0.41
-------------------------------------------------------------------------
365 385 20 0.024 0.82
-------------------------------------------------------------------------
405 425 20 0.030 1.03
-------------------------------------------------------------------------
-------------------------------------------------------------------------
CC10-5 45 150 105 0.029 0.993
-------------------------------------------------------------------------
(includes) 65 70 5 0.223 7.637
-------------------------------------------------------------------------
290 300 10 0.046 1.575
-------------------------------------------------------------------------
325 340 15 0.017 0.569
-------------------------------------------------------------------------
CR08-29 60 140 80 0.023 0.788
-------------------------------------------------------------------------
435 450 15 0.034 1.184
-------------------------------------------------------------------------
-------------------------------------------------------------------------
CC10-6 0 35 35 0.011 0.377
-------------------------------------------------------------------------
60 145 85 0.019 0.651
-------------------------------------------------------------------------
175 320 145 0.021 0.720
-------------------------------------------------------------------------
CR08-27 0 15 15 0.013 0.446
-------------------------------------------------------------------------
50 125 75 0.018 0.617
-------------------------------------------------------------------------
200 265 65 0.021 0.720
-------------------------------------------------------------------------
370 385 15 0.047 1.611
-------------------------------------------------------------------------
-------------------------------------------------------------------------
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. 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.
Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Jul 2023 to Jul 2024
