Wildsky Resources Inc V.WSK

cant wait to short this crap !

[Sell-]

Coronation Minerals Inc.: Drilling Resumes at Wellgreen Mine Property 12:40 EDT Wednesday, May 30, 2007 TORONTO, ONTARIO--(CCNMatthews - May 30, 2007) - Coronation Minerals Inc. (TSX VENTURE:CMV) (the "Company") is pleased to report that diamond drilling on its Yukon Territory, Wellgreen Mine Property has commenced. Hole WS-06-153 has been completed and the Company is awaiting the assay results. This hole was started in late 2006 and the assays down to 480.67 metres were reported in the press release dated March 23, 2007. The final depth of this hole is 561.14 metres. Drilling has commenced underground too explore the deposit at depth. Surface trenching, mapping, and sampling on the basically unexplored eastern portion of the property are underway. This area covers approximately 2.3 km of poorly exposed Quill Creek Complex. The Wellgreen Mine Property is located 317 kilometers north-west of Whitehorse, just 10 kilometers off the Alaska Highway. A great deal of surface and underground work has been carried out on the property between the initial discovery in 1952 and limited mining in 1972 and 1973 by Hudson Bay Mining Company Limited. Three zones of Copper-Nickel-Platinum-Palladium-Cobalt-Gold have been outlined on the property. Probable and possible resources (historical) are calculated to be 50.03 million tonnes grading 0.35% copper, 0.36% nickel, 0.54grams/tonne platinum and 0.34 grams/tonne palladium (Preliminary Feasibility Study, Watts, Griffis and McQuat Limited, April 21, 1989). Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. The Wellgreen exploration and drilling program is being carried out under the direction of Mr. Rory Calhoun, a qualified person within the meaning of National Instrument 43-101. Mr. Calhoun has reviewed the exploration results contained in this news release. Core is split, with half sent to ALS Chemex (Vancouver) for preparation and analysis using fire assay. The Company maintains an archive of half core samples and a photographic record of all drill core for future reference. Sample blanks, duplicates and recognized standards were inserted into the sample stream at regular intervals. Coronation Minerals Inc. is a Canadian based exploration and development company. The Company presently holds both the Wellgreen Mine Property, Yukon Territory and the Coppermine River Property, Nunavut Territory. Both of these projects are described as Copper-Nickel-Platinum-Palladium prospects. FOR FURTHER INFORMATION PLEASE CONTACT: Coronation Minerals Inc. Peter W. Holmes MSc. President/C.E.O. [phone] or Coronation Minerals Inc. 141 Adelaide Street West, Suite 301 Toronto, Ontario M5H 3L5 Website: www.coronationminerals.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. © Copyright CCNMatthews