Coral Gold Resources Ltd. ("Coral" or the "Company") (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) announces that it is
continuing to reevaluate all past Robertson exploration data and apply some new
insights into gold controls in the Cortez Gold Trend, preparing for the 2008
resource expansion drilling.


To help derive exploration priorities to expand the current resource with the
2008 drilling campaign, a series of in-house, draft open pit shapes have been
modeled around the 2008 43-101 compliant inferred resource.


The inferred resource estimate of 2.3 million ounces of gold grading 0.0250
oz/ton (0.870 g/tonne) was announced in February 2008 and a 43-101 compliant
report is posted on the Coral Gold website for review at
http://www.coralgold.com/i/pdf/Robertson43-101Final.pdf.


The loosely constrained open pit shapes were calculated at the posted resource
cut off grades, for gold prices that range from $600 to $2000 per ounce gold.
For simplicity, off site toll milling was considered and loosely estimated
Nevada operating costs were used to produce non engineered, simple and idealized
open pit shape alternatives. The point of the exercise is not to mimic or
consider production alternatives, but provide semi quantitative exploration
insight into where added resources might be most effective in any future open
pit alternatives.


We are pleased with the exploration insights we are gaining even by applying
this crude analysis of the resource data. We believe our approach may be one way
to improve our exploration success and resource expansion we are shooting for in
2008.


The Company was incorporated in 1981 and is exploring claims on Nevada's Battle
Mountain-Cortez gold trend alongside the Cortez/Pipeline gold mine. Aggressive
exploration, aimed at expanding this resource, continues.


ON BEHALF OF THE BOARD

David Wolfin, President

This press release contains "forward-looking statements". Forward-looking
statements express, as at the time of this press release, the Company's plans,
forecasts, projections, expectations or beliefs as to future events and results.
Forward-looking statements involve a number of risks and uncertainties, and
there can be no assurance that such statements will prove to be accurate.
Therefore, actual results and future events could differ materially from those
anticipated in such statements.


Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Coral Gold Resources Charts.
Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Coral Gold Resources Charts.