NEWSCoronado Resources Ltd (C-CRD) - News Release
Coronado drills 14.48 g/t Au over 14.4 feet
2006-11-21 11:40 ET - News Release
Shares issued 17,078,648
CRD Close 2006-11-20 C$ 0.71
Mr. Eugene Larabie reports
GOLD RESULTS ENHANCE WESTERN ZONE
Coronado Resources Ltd. has received assays from the two most westerly holes drilled in the 2005 and 2006 drill program on the Madison gold/copper property in Montana. These results will expand and help define the gold mineralization of this zone when added to the gold mineralization known from previous drilling. Gold assays for holes C06-11 and C06-12 and the previously reported holes 83-4, 6, 23 and 86R14 are as follows.
Hole Intercept (ft) Width (ft) Au oz/ton Au g/t
C06-11 132.4 - 149.1 16.7 0.154 4.80
and 153.0 - 163.5 10.5 0.212 6.59
and 168.3 - 178.0 9.7 0.114 3.55
and 185.0 - 199.4 14.4 0.466 14.48
C06-12 138.0 - 145.0 7.0 0.203 6.31
and 201.0 - 223.0 22.0 0.191 5.94
83-4 165.0 - 181.0 16.0 0.261 8.13
83-6 206.0 - 246.0 40.0 0.361 11.24
83-23 264.0 - 274.0 10.0 0.204 6.35
86R14 340.0 - 360.0 20.0 0.288 8.97
The gold intercepts for holes C06-11 and C06-12 are approximately 300 feet to the west of the gold intercepts reported in hole C05-6. These holes were drilled at a different bearing, being north five degrees east, from the 83 and 86 holes reported above which were vertical or at a bearing of north 35 degrees east. Holes C06-11 and C06-12 were drilled in a gap approximately 140 feet wide between the mineralization in previous holes and tested for continuity of mineralization to depth. The true width is approximately two-thirds.
The assay work was completed ALS Chemex Labs of North Vancouver and American Assay Laboratories of Sparks, Nev. Gold was analyzed by fire assay with gravimetric finish method.
Eugene Larabie, PEng, is the qualified person overseeing the project.
We seek Safe Harbor.