Coral Drills 5 ft of 7.637 g/t Au at Robertson, Nevada
11 Novembre 2010 - 2:00PM
Marketwired
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:
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Hole ID From (ft) To (ft) Thickness (ft) Au oz/t Au g/t
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CC10-4 0 40 40 0.024 0.82
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60 170 110 0.022 0.75
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300 320 20 0.012 0.41
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365 380 15 0.044 1.51
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CR08-30 5 165 160 0.023 0.79
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280 345 65 0.012 0.41
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365 385 20 0.024 0.82
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405 425 20 0.030 1.03
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CC10-5 45 150 105 0.029 0.993
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(includes) 65 70 5 0.223 7.637
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290 300 10 0.046 1.575
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325 340 15 0.017 0.569
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CR08-29 60 140 80 0.023 0.788
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435 450 15 0.034 1.184
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CC10-6 0 35 35 0.011 0.377
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60 145 85 0.019 0.651
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175 320 145 0.021 0.720
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CR08-27 0 15 15 0.013 0.446
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50 125 75 0.018 0.617
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200 265 65 0.021 0.720
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370 385 15 0.047 1.611
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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. 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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