CORAL GOLD DRILLING STARTS AT THE ROBERTSON
PROPERTY, NEVADA
Coral Gold Resources Ltd. (�Coral� or the �Company�) announces
that the 37,000 ft Reverse Circulation program has started at Coral
Gold�s Robertson property in Nevada, USA .
The Company has entered into a contract for 37,600 feet of
reverse circulation drilling on the Company�s 100% owned Robertson
property at Crescent Valley, Nevada with Lang Exploratory Drilling of
Salt Lake City, Utah.
�This contract represents Phase 1 of an ambitious, two-phase
program for 2008�, says Coral President David Wolfin. In the first
phase, we expect to drill 52 reverse circulation holes. Phase 2, for
which we already have a contract with Boart Longyear, will include
11,000 feet of diamond drilling.
Both Phase 1 and Phase 2 are aimed at expanding and upgrading
Robertson�s 2.3 million-ounce inferred resource. In February 2008,
Beacon Hill Consultants reported the Robertson resource, to date
situated in a small portion of the property, had increased by more than
110% from the previous calculation. The updated resource was calculated
from work completed in 2006 and 2007. With the 2008 drilling, Coral
hopes to upgrade a significant portion of the inferred resources into
the measured and indicated categories.
The reverse circulation drilling of Phase 1 will range in depth
from 500 to 1,200 feet. This work will focus on key, shallow-lying
zones locally exposed on surface and also potentially in an open pit
mining configuration. Some of the new resources remain open to
expansion on strike and at depth.
The planned 21 diamond drill holes of Phase 2 are expected to
range from 300 to 1,000 feet in depth. Phase 2 drilling will:
1) Provide geological data
on the controls of mineralization
2)
Provide geotechnical data for RQD (Rock Quality Designation) and
specific gravity
3)
Help confirm grade and continuity
4)
Provide material for metallurgical testing
Phase 2 is now expected to start in July.
�Both drilling phases are expected to continue well into the
Fall�, says David Wolfin. �Management is confident that this season�s
drilling will be successful and expand our inferred resource and
increase our measured reserve�.
Robert McCusker, Consultant Geologist will supervise the
drilling programs as Qualified Person for National Instrument 43-101.
This news release prepared by Chris Sampson, P.Eng., VP Exploration and
Director, is a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD
�David Wolfin�
David Wolfin
President
The
TSX Venture Exchange has not reviewed and does not accept the
responsibility for the accuracy or adequacy of this release.
This
press release contains certain forward-looking statements. Investors
are cautioned that certain statements in this release are
"forward-looking statements" and involve both known and
unknown risks, uncertainties and other factors. Such uncertainties include,
among others, certain risks associated with the operation of the
company described above. The Company's actual results could differ
materially from expected results.
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