Coral Drills 1.52m of 6.24 g/t Au at Robertson, Nevada
(firmenpresse) - Coral Drills 1.52m of 6.24 g/t Au at Robertson, Nevada
January 10, 2011 - Coral Gold Resources Ltd. is pleased to announceresults from the final five diamond core holes drilled at Corals Robertson property in Crescent Valley Nevada.
These holes were part of a 15 hole diamond core program.
The holes, CC10-10 to CC10-15 are vertical and range from 400 to 600 feet in depth (122 to 183 metres) hole CC10-10 was on the Altenburg Hill zone.
Hole CC10-11 was drilled on the lower Triplet Gulch zone but was abandoned at shallow depth due to very poor core recovery and slow progress.
Holes CC10-12 thru CC10-15 were drilled on the west end of the Gold Pan Zone.
The program was 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 five holes compared to the twinned RC holes (where applicable) are as follows:
Hole IDFrom (ft)To (ft)Thickness (ft)Au oz/tThickness (m)Au g/t
CC10-103050200.0146.100.48
80115350.01210.670.41
185275900.02127.430.72
315325100.0423.051.44
CR08-19401151150.02735.050.93
175235650.01819.810.62
265280150.0714.572.43
CC10-11NO RESULTS (ABANDONED)
CC10-12130165350.02210.670.75
250270200.0316.101.18
285345600.02418.290.82
CR08-18245265200.0316.101.18
285350650.03919.811.34
HOLES CC10-13 THRU CC10-15 DID NOT TWIN EARLIER HOLES
CC10-13045450.04413.721.51
015150.1064.573.63
65120550.01216.760.41
245255100.0193.050.65
320335150.0204.570.69
CC10-1465100350.01310.670.45
145235900.01927.430.65
295305100.0323.051.10
CC10-1595105100.0183.050.62
150180300.0199.140.65
2153151000.02230.480.75
21522050.1821.526.24
We are pleased to see grade improvement from historic RC to current diamond core holes. Also we are excited to be working towards having a new PEA by the middle of this year.
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 Assessmentanticipated 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”
___________________________________
David Wolfin
President& Chief Executive Officer
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. 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.
Leseranfragen:
Coral Gold Resources Ltd.
Corporate Communications
David Wolfin, President
Bill Bowker, Investor Relations
E-mail 1: ir(at)coralgold.com
E-mail 2: bbowker(at)coralgold.com
Head Office
Suite 400
455 Granville Street
Vancouver, British Columbia
Canada V6C 1T1
Tel: (604) 682-3701
Fax: (604) 682-3600
" alt="Amarillo Gold Corp.: Metallurgical update: studies show higher than expected recoveries for the Posse Deposit, Mara Rosa Project.Datum: 11.01.2011 - 12:57 Uhr
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