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Coral Gold Resources Ltd (TSX VENTURE:CLH - News;
OTCBB:CLHRF)(BERLIN:GV8
- News; FRANKFURT:GV8 - News) 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.
Contact:
David Wolfin
Coral Gold Resources Ltd.
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
info@coralgold.com
www.coralgold.com |