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CLH Coral Gold Resources Ltd

1.11
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Coral Gold Resources Ltd TSXV:CLH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.11 1.00 1.00 0 01:00:00

Coral Drills 5 ft of 7.637 g/t Au at Robertson, Nevada

11/11/2010 1:00pm

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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
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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
-------------------------------------------------------------------------
                     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
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                     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.

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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