Exploring a portfolio of strategically-located claim blocks along the Cortez gold trend in Nevada at the Robertson Project
Robertson adjoins Barrick Gold Mines' Cortez Mine, one of the lowest cost Au producers in Nevada
Message: Reverse Circulation Drilling Program Completed at the Robertson Property
| February 4, 2009 | |
| Coral Gold Announces Reverse Circulation Drilling Program Completed at the Robertson Property for 2008 | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2009) - Coral Gold Resources Ltd. ("Coral" or the "Company") (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8... announces that its Reverse Circulation drilling program has been completed at the Robertson property in Crescent Valley, Nevada, USA. The program totaled 22,835 ft of drilling in 33 vertical holes which ranged in depth from 500 to 1200 ft. The holes were located on the Altenburg Hill, South Porphyry, 39A and Distal Zones in order to increase the gold resource in these zones. Hole locations can be viewed in maps on our website at www.coralgold.com. Coral's February 11, 2008 news release detailed results of the NI 43-101 compliant "Mineral Resource Estimate for the Robertson property, Lander County, Nevada" report by Beacon Hill Consultants which gave a new estimate for the gold deposits at the Robertson property (based on a price of US $600 per ounce) of a total inferred resource of 2.3 million ounces. The report proposed a program of reverse circulation drilling to expand the resource. This was the recent program, completed in 2008. All assay results have now been received and are shown in the attached table. The drill program has partially extended the areas of mineralization in several zones. Robert McCusker, Consultant Geologist, supervised the drill program as a Qualified person for NI 43-101. This news release was prepared by Chris Sampson, P.Eng., VP Exploration and Director, a Qualified Person as defined by NI 43-101. ON BEHALF OF THE BOARD Chris Sampson, V.P. Exploration Altenburg Hill Zone
Total Grade,
Hole No. depth (ft) From (ft) To (ft) Thickness (ft) oz Au/t
--------------------------------------------------------------------------
CR08-10 500 95 170 75 0.014
CR08-19 500 40 115 75 0.027
175 235 65 0.018
CR08-20 500
CR08-21 500 0 100 100 0.019
130 200 70 0.017
270 305 35 0.017
320 370 50 0.017
CR08-22 500 no significant values
CR08-23 500 no significant values
CR08-24 500 30 75 45 0.012
360 380 20 0.024
CR08-25 500 60 150 90 0.019
375 415 40 0.013
CR08-26 500 25 155 130 0.020
290 315 25 0.018
CR08-27 500 0 15 15 0.013
50 125 75 0.018
200 265 65 0.021
370 385 15 0.047
CR08-28 500 405 495 90 0.013
CR08-29 500 60 140 80 0.021
435 450 15 0.034
CR08-30 425 5 165 160 0.023
280 345 65 0.012
365 385 20 0.024
405 425 20 0.030
CR08-31 500 0 135 135 0.018
330 365 35 0.018
440 455 15 0.031
CR08-32 345 0 85 85 0.014
305 320 15 0.023
Total Footage 7270
South Porphyry Zone
Total Grade,
Hole No. depth (ft) From (ft) To (ft) Thickness (ft) oz Au/t
--------------------------------------------------------------------------
CR08-33 500 95 110 15 0.025
CR08-34 500 no significant values
CR08-35 500 145 170 25 0.017
CR08-36 500 no significant values
CR08-37 500 135 270 135 0.020
CR08-38 500 160 210 50 0.039
370 420 50 0.017
Total Footage 3000
39A Zone
Collar Total
utm utm elev. depth From Thickness Grade,
Hole No. north east (ft) (ft) (ft) To (ft) (ft) oz Au/t
--------------------------------------------------------------------------
CR08-11 4462209 525782 5487 760 80 85 5 0.061
165 170 5 0.057
205 210 5 0.070
660 685 25 0.034
695 710 15 0.012
CR08-12 not
drilled
CR08-13 4462406 525809 5504 850 680 780 100 0.075
including 690 770 80 0.088
including 710 735 25 0.170
CR08-14 4462501 525821 5517 1000 80 155 75 0.017
340 380 40 0.025
555 580 25 0.012
825 855 30 0.015
905 925 20 0.022
CR08-15 4462482 525864 5551 1000 80 100 20 0.021
385 395 10 0.064
600 610 10 0.046
835 900 65 0.037
965 990 25 0.027
CR08-16 4462504 525898 5527 1040 55 75 20 0.014
140 170 30 0.017
265 280 15 0.018
295 320 25 0.021
380 390 10 0.054
760 800 40 0.037
830 965 135 0.014
CR08-17 4462445 525868 5515 970 95 110 15 0.025
225 265 40 0.045
820 910 90 0.057
including 820 830 10 0.327
CR08-18 4462472 525941 5487 1025 245 265 20 0.031
285 350 65 0.039
620 625 5 0.069
710 735 25 0.022
765 770 5 0.137
965 1025 60 0.019
Total Footage 6645
Distal Zone
Collar Total
utm utm elev. depth From Thickness Grade,
Hole No. north east (ft) (ft) (ft) To (ft) (ft) oz Au/t
--------------------------------------------------------------------------
CR08-1 4462897 525324 5804 1120 925 940 15 0.043
960 1000 40 0.013
CR08-2 not
drilled
CR08-3 4462768 525301 5831 1200 680 730 50 0.027
940 955 15 0.014
980 1035 55 0.024
1050 1080 30 0.026
CR08-4 4462714 525307 5806 1200 430 480 50 0.011
705 720 15 0.021
860 885 25 0.023
910 945 35 0.015
955 980 25 0.089
1055 1085 30 0.018
CR08-5 4462659 525314 5791 1200 630 650 20 0.031
820 835 15 0.028
850 895 45 0.058
including 885 890 5 0.27
925 945 20 0.022
1080 1095 15 0.028
1165 1175 10 0.029
CR08-6 4462596 525378 5728 1200 890 900 10 0.032
910 1030 120 0.071
including 910 920 10 0.354
including 965 970 5 0.24
1045 1060 15 0.016
Total Footage 5920
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