Coral Gold Reports Drilling Progress on Norma Sass
November 17 2009 - 8:30AM
Marketwired
Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN:
GV8)(FRANKFURT: GV8) ("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, President
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Coral Gold Resources Ltd. David Wolfin President
604.682.3701 604.682.3600 (FAX) ir@coralgold.com
www.coralgold.com
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