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On the Battle Mountain-Cortez Gold Trend
Coral's projects are situated along the Cortez gold trend, which lies southwest of the renowned Carlin trend. The Cortez and Carlin trends represent the United States' key gold region, accounting for three-quarters of the country's gold output.
Location & Ownership
Coral's primary properties—Robertson, Excluded, Norma Sass and Ruf—lie in the south Crescent Valley region. Coral owns 100% interest in the Robertson claims, while the Excluded Claims operate under a 61/39 joint venture with Cortez Gold Mines (a joint venture between Barrick Gold Corporation and Kennecott Explorations). Norma Sass and Ruf are joint ventures with Levon Resources Ltd. Coral Gold also holds 100% interest in the Lander Ranch and Blue Nugget claims, located immediately north of Robertson.
One of the World's Most Important Gold Districts
Coral Gold chose to explore in Nevada—and particularly along the Cortez gold trend—with good reason. Although Nevada produced 6.3 million ounces of gold in 2006, the state's gold output is decreasing. Because Nevada's gold mines are maturing, major producers such as Barrick Gold and Newmont will need to replace reserves either through exploration or by acquiring defined resource from junior companies, such as Coral Gold.
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