AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
Workshop Presentations Added To Thursday Schedule
Investors from over 45 Countries Have Visited
Conference Begins 2 Weeks From Today!

Looking forward to seeing all of you there gang. Registration is free for investors. AGORACOM Members register with just one click. Non-members takes less than 60 seconds. Register here (see form on right hand side)

Message: Reverse Circulation Drilling Program Completed at the Robertson Property

Clavis

Rank: [?]

President

Points: [?]

23558

Rating: [?]

Votes: 208 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Reverse Circulation Drilling Program Completed at the Robertson Property

posted on Feb 05, 09 03:19AM

February 4, 2009

Coral Gold Announces Reverse Circulation Drilling Program Completed at the Robertson Property for 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2009) - Coral Gold Resources Ltd. ("Coral" or the "Company") (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8... announces that its Reverse Circulation drilling program has been completed at the Robertson property in Crescent Valley, Nevada, USA.

The program totaled 22,835 ft of drilling in 33 vertical holes which ranged in depth from 500 to 1200 ft. The holes were located on the Altenburg Hill, South Porphyry, 39A and Distal Zones in order to increase the gold resource in these zones. Hole locations can be viewed in maps on our website at www.coralgold.com.

Coral's February 11, 2008 news release detailed results of the NI 43-101 compliant "Mineral Resource Estimate for the Robertson property, Lander County, Nevada" report by Beacon Hill Consultants which gave a new estimate for the gold deposits at the Robertson property (based on a price of US $600 per ounce) of a total inferred resource of 2.3 million ounces.

The report proposed a program of reverse circulation drilling to expand the resource. This was the recent program, completed in 2008.

All assay results have now been received and are shown in the attached table.

The drill program has partially extended the areas of mineralization in several zones.

Robert McCusker, Consultant Geologist, supervised the drill program as a Qualified person for NI 43-101.

This news release was prepared by Chris Sampson, P.Eng., VP Exploration and Director, a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD

Chris Sampson, V.P. Exploration

Altenburg Hill Zone
                  
                                 Total                                                 Grade,
                  Hole No.   depth (ft)   From (ft)      To (ft)   Thickness (ft)    oz Au/t
                  --------------------------------------------------------------------------
                  CR08-10          500          95          170               75       0.014
                  CR08-19          500          40          115               75       0.027
                                               175          235               65       0.018
                  CR08-20          500
                  CR08-21          500           0          100              100       0.019
                                               130          200               70       0.017
                                               270          305               35       0.017
                                               320          370               50       0.017
                  CR08-22          500                                 no significant values
                  CR08-23          500                                 no significant values
                  CR08-24          500          30           75               45       0.012
                                               360          380               20       0.024
                  CR08-25          500          60          150               90       0.019
                                               375          415               40       0.013
                  CR08-26          500          25          155              130       0.020
                                               290          315               25       0.018
                  CR08-27          500           0           15               15       0.013
                                                50          125               75       0.018
                                               200          265               65       0.021
                                               370          385               15       0.047
                  CR08-28          500         405          495               90       0.013
                  CR08-29          500          60          140               80       0.021
                                               435          450               15       0.034
                  CR08-30          425           5          165              160       0.023
                                               280          345               65       0.012
                                               365          385               20       0.024
                                               405          425               20       0.030
                  CR08-31          500           0          135              135       0.018
                                               330          365               35       0.018
                                               440          455               15       0.031
                  CR08-32          345           0           85               85       0.014
                                               305          320               15       0.023
                  Total Footage   7270
                  
                  
                  South Porphyry Zone
                  
                                 Total                                                 Grade,
                  Hole No.   depth (ft)   From (ft)      To (ft)   Thickness (ft)    oz Au/t
                  --------------------------------------------------------------------------
                  CR08-33          500          95          110               15       0.025
                  CR08-34          500                                 no significant values
                  CR08-35          500         145          170               25       0.017
                  CR08-36          500                                 no significant values
                  CR08-37          500         135          270              135       0.020
                  CR08-38          500         160          210               50       0.039
                                               370          420               50       0.017
                  Total Footage   3000
                  
                  
                  39A Zone
                  
                                             Collar  Total
                                  utm    utm   elev. depth  From          Thickness    Grade,
                  Hole No.      north   east    (ft)   (ft)  (ft) To (ft)       (ft) oz Au/t
                  --------------------------------------------------------------------------
                  CR08-11     4462209 525782   5487    760    80      85          5    0.061
                                                             165     170          5    0.057
                                                             205     210          5    0.070
                                                             660     685         25    0.034
                                                             695     710         15    0.012
                  
                  CR08-12         not
                              drilled
                  
                  CR08-13     4462406 525809   5504    850   680     780        100    0.075
                  including                                  690     770         80    0.088
                  including                                  710     735         25    0.170
                  
                  CR08-14     4462501 525821   5517   1000    80     155         75    0.017
                                                             340     380         40    0.025
                                                             555     580         25    0.012
                                                             825     855         30    0.015
                                                             905     925         20    0.022
                  
                  CR08-15     4462482 525864   5551   1000    80     100         20    0.021
                                                             385     395         10    0.064
                                                             600     610         10    0.046
                                                             835     900         65    0.037
                                                             965     990         25    0.027
                  
                  CR08-16     4462504 525898   5527   1040    55      75         20    0.014
                                                             140     170         30    0.017
                                                             265     280         15    0.018
                                                             295     320         25    0.021
                                                             380     390         10    0.054
                                                             760     800         40    0.037
                                                             830     965        135    0.014
                  
                  CR08-17     4462445 525868   5515    970    95     110         15    0.025
                                                             225     265         40    0.045
                                                             820     910         90    0.057
                  including                                  820     830         10    0.327
                  
                  CR08-18     4462472 525941   5487   1025   245     265         20    0.031
                                                             285     350         65    0.039
                                                             620     625          5    0.069
                                                             710     735         25    0.022
                                                             765     770          5    0.137
                                                             965    1025         60    0.019
                  Total Footage                       6645
                  
                  
                  Distal Zone
                  
                                             Collar  Total
                                  utm    utm   elev. depth  From          Thickness    Grade,
                  Hole No.      north   east    (ft)   (ft)  (ft) To (ft)       (ft) oz Au/t
                  --------------------------------------------------------------------------
                  CR08-1      4462897 525324   5804   1120   925     940         15    0.043
                                                             960    1000         40    0.013
                  
                  CR08-2          not
                              drilled
                  
                  CR08-3      4462768 525301   5831   1200   680     730         50    0.027
                                                             940     955         15    0.014
                                                             980    1035         55    0.024
                                                            1050    1080         30    0.026
                  
                  CR08-4      4462714 525307   5806   1200   430     480         50    0.011
                                                             705     720         15    0.021
                                                             860     885         25    0.023
                                                             910     945         35    0.015
                                                             955     980         25    0.089
                                                            1055    1085         30    0.018
                  
                  CR08-5      4462659 525314   5791   1200   630     650         20    0.031
                                                             820     835         15    0.028
                                                             850     895         45    0.058
                  including                                  885     890          5     0.27
                                                             925     945         20    0.022
                                                            1080    1095         15    0.028
                                                            1165    1175         10    0.029
                  
                  CR08-6      4462596 525378   5728   1200   890     900         10    0.032
                                                             910    1030        120    0.071
                  including                                  910     920         10    0.354
                  including                                  965     970          5     0.24
                                                            1045    1060         15    0.016
                  Total Footage                       5920