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| | February 04, 2009
Coral Gold Announces Reverse Circulation Drilling Program Completed At The Robertson Property For 2008
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| | Coral Gold Resources Ltd. ("Coral" or the "Company") 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 feet. 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"
______________________________
Chris Sampson
V.P. Exploration
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
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 |
|
|
|
Grade, |
Hole No. |
utm north |
utm east |
elev. (ft) |
depth (ft) |
From (ft) |
To (ft) |
Thickness (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 |
|
|
|
Grade, |
Hole No. |
utm north |
utm east |
elev. (ft) |
depth (ft) |
From (ft) |
To (ft) |
Thickness (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 |
|
|
|
|
|
| |
| | You can view the Next News Releases item: Tue Feb 10, 2009, CORAL GOLD PROVIDES YEAR END SUMMARY AND OUTLOOK FOR 2009
You can view the Previous News Releases item: Tue Oct 21, 2008, CORAL ANNOUNCES EXPLORATION AGREEMENT WITH BARRICK GOLD ON NORMA SASS PROPERTY
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