Coral Provides Update on Robertson Project, Nevada
03 Febbraio 2011 - 8:37PM
Marketwired
Coral Gold Resources Ltd (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN:
GV8)(FRANKFURT: GV8) is pleased to provide the following update of
activities concerning the company's Robertson property in Crescent
Valley, Nevada.
The metallurgical test program on the 15 core holes drilled on
the Altenburg Hill and Gold Pan zones last year (Sept - Dec 2010)
is now underway. McLelland Laboratories Inc. of Reno Nevada will
conduct column and bottle roll leach tests to determine the
leachibility of the two gold zones.
Beacon Hill Consultants (1988) Ltd. (Beacon Hill) has started
their Preliminary Economic Assesment of the gold resources at
Robertson. Personnel from Beacon Hill, together with metallurgical
consultants and Knight Piesold Ltd. will complete a property visit
this coming week (Feb 8-10) and meet with Coral's technical
staff.
In addition Coral is planning a Titan 24 deep penetration
geophysical survey by Quantec Geoscience Ltd. of Toronto, Canada.
Location of the survey lines is currently being decided.
SRK Consulting Engineers and Scientists of Elko, Nevada have
been revising the Amendment to the Plan of Operations. This will be
submitted to the Bureau of Land Management following a meeting with
SRK on Tuesday February 8th. Under the existing Plan of Operations,
Coral can drill some holes on Robertson and the Try View corridor
under the existing Notice of Intent. These holes would explore any
Titan 24 targets located in the Try View corridor. The Try View
corridor was the area where hole TY-07-02 in 2007 intersected
anomalous gold values in Lower Plate Carbonate rocks:
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From (ft) To (ft) Thickness (ft) Thickness (m) Au (oz/t) Au (g/t)
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3090 3100 10 3.06 0.064 2.19
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3120 3140 20 6.10 0.042 1.44
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3150 3160 10 3.05 0.010 0.34
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See news release from Oct 5th, 2007:
http://www.coralgold.com/s/NewsReleases.asp?ReportID=271904&_Type=News-Releases&_Title=Coral-finds-Gold-in-the-Lower-Plate-Carlin-Type-Mineralization
The company also wishes to announce that it has entered into an
agreement with William Bowker to provide investor relations
services. Mr. Bowker will be responsible for communicating with the
investment community, including liaising with the Company's
shareholders and prospective shareholders.
In consideration for the services rendered, the Company has
agreed to pay Mr. Bowker the amount of $2,000 per month, on a month
to month basis unless terminated upon 30 days' notice by either
party.
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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