 | |
| |
| | November 17, 2009
CORAL GOLD REPORTS DRILLING PROGRESS ON NORMA SASS
|
| | Coral Gold Resources Ltd. ("Coral" or the "Company") announces that the Company's technical team has recently visited with Barrick Cortez Gold Mines in Crescent Valley, Nevada, USA.
In 2008, Coral and its joint venture partner, Levon Resources Ltd. ("Levon") reached an agreement with Barrick for exploration of the Norma Sass claims. Coral owns 2/3 and Levon owns 1/3 of the Norma Sass property. (For details please see news release dated September 29, 2009)
The group examined the chips and core from Barrick's recently completed hole, NS 09-01 at Coral's Norma/Sass property. The group also visited the NS 09-01 drill site.
Barrick Cortez Gold Mines supplied information concerning the Norma Sass property in their 3rd Quarter report and also during the site visit. During the third quarter Barrick Gold staff did extensive geological mapping and geochemical soil and rock sampling across the property in order to define locations for drilling.
Hole NS 09-01 was started in early October and drilled North West at 70 degree dip across a SW-NE striking fault which trends into Barrick's Gold Acres pit one mile to the northeast and is thought to be related to mineralization at Gold Acres.
Hole NS 09-01 started as a reverse circulation hole but encountered recovery problems at 1,680 foot depth. Barrick brought in a core rig, wedged the RC hole and drilled HQ diameter core to a final depth of 2,586 ft.
The hole entered the lower plate Wenban limestone at 1,330 foot depth and was bottomed in the Roberts Mountain formation. These are the principal host rock formations for the gold deposits at the Pipeline, Gold Acres and Cortez Hills mines. Assay results are awaited.
ON BEHALF OF THE BOARD
"David Wolfin"
_____________________________
David Wolfin
President |
| |
| | You can view the Next News Releases item: Tue Jan 12, 2010, APPOINTMENT OF DIRECTOR
You can view the Previous News Releases item: Fri Oct 9, 2009, Coral Gold Reports Robertson's Inferred Gold Resource Increases 47% to 3.4 Million Ounces to Reflect Long-term Gold Prices
You can return to the main News Releases page, or press the Back button on your browser.
|
| | |
