Howlett Research Corp. Publishes New Research Report on Coral Gold Resources Ltd.
January 30 2008 - 7:30AM
Marketwired
VANCOUVER, BC , a boutique research firm led by Jeff Howlett,
President, announced today that it has recently published a
research report on Coral Gold Resources Ltd. ("Coral") (TSX-V: CLH)
(OTCBB: CLHRF) (www.coralgold.com).
Coral is exploring a portfolio of strategically located claim
blocks along the Battle Mountain-Cortez gold trend in north-central
Nevada. Coral's flagship property is the Robertson Property. To
date, over $20 million has been spent and the current resource
database encompasses over 1,160 drillholes totaling 533,453' in the
current resource database. Since 2004, Coral has continued to
expand and upgrade resources, from 583,700 oz Au in 2001 (43-101
compliant) to 2.3 million oz Au currently (inferred).
--------------------------------------------------------------
Grade Contained
Zone Tons ozAu/ton oz. gold
--------------------------------------------------------------
Distal 10,355,041 0.0335 346,893
39A 25,010,247 0.0287 717,794
Triplet Gulch 5,904,713 0.0269 158,837
Outside 2,187,500 0.0208 45,500
Gold Pan Oxide 7,049,181 0.0262 184,689
Altenburg Hill Oxide 4,558,402 0.0208 94,815
Porphyry Oxide 19,121,927 0.0213 407,297
Gold Pan Sulphide 12,053,279 0.0208 250,708
Altenburg Hill Sulphide 584,016 0.0176 10,279
Porphyry Sulphide 4,480,533 0.0223 99,916
--------------------------------------------------------------
TOTAL 91,304,839 0.0250 2,316,728
--------------------------------------------------------------
Exploration potential continues
A multifaceted program is planned for 2008 that is designed to
enhance the resource base and increase the level of confidence in
the resource. In addition, Coral plans to conduct additional
studies to ascertain the potential viability of the mineralized
zones.
The full report can be found at
www.howlett-research.com/Research.htm.
About Howlett Research Corp. (HRC)
Based in British Columbia, Canada, HRC has been completing
company specific research reports for publicly listed companies for
several years in a variety of industry sectors. The reports are
developed for quality junior to medium sized companies that lack
adequate coverage by the financial community.
HRC has accepted a cash fee of under $10,000 from Coral in
preparing the research report, which represents the total
consideration due. Howlett Research Corp. has not been involved in,
nor does it envision participating in, any transaction or
investment banking business related to Coral. Howlett Research
Corp. does not own shares of Coral and does not trade in its
shares.
Contact: Jeff Howlett Email Contact www.howlett-research.com For
additional information, contact: Coral Gold Resources Ltd. David
Wolfin President (604) 682-3701 Email Contact
http://www.coralgold.com
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