Coral Gold drills 10 feet of 0.064 oz/t AuHello everyone,
Coral Gold drills 10 feet of 0.064 oz/t Au at Robertson
2007-10-05 08:28 ET - News Release
Mr. Louis Wolfin reports
CORAL FINDS LOWER PLATE
Coral Gold Resources Ltd. has released the results of its recently completed deep drilling program on the Robertson property in which Carlin-type mineralization, locally with strongly anomalous gold values, was encountered in rocks of the lower plate of the Robert Mountains thrust fault. The Robertson property is located along the prolific Battle Mountain-Eureka trend four miles north of the Pipeline/South Pipeline complex operated by Cortez Gold Mines, in eastern Lander county, Nevada. The deep drilling program began July 20 and was completed Sept. 8, 2007.
Hole TV07-1 was collared in the northwest corner of the property and drilled vertical to a depth of 2,990 feet, but failed to intersect lower plate rocks. However, the hole did encounter several narrow zones of low-grade gold accompanied by strongly anomalous arsenic and antimony.
The second hole, TV07-2, was also collared in the northwest corner of the property and drilled vertical to a depth of 3,450 feet. The hole intersected strongly altered limestone of the lower plate at a depth of 3,080 feet in the immediate footwall of a dike-filled high-angle fault. Locally, the upper 200 feet of the lower plate intercept returned anomalous gold values ranging from 30 to 2,190 parts per billion, accompanied by anomalous levels for arsenic, antimony and thallium. The significant gold intercepts returned in TV07-2 are summarized in Table 1.
SUMMARY OF ASSAY RESULTS FOR TV07-2
From (ft) To (ft) Thickness (ft) Gold grade (oz/t)
3,090 3,100 10 0.064
3,120 3,140 20 0.042
3,150 3,160 10 0.010
The contractor for the deep drilling program was Lang Exploratory Drilling of Elko, Nev., a subsidiary of Boart Longyear, Inc. Lang is a highly experienced drilling company that specializes in flooded reverse circulation drilling. Both holes had down-the-hole gyroscopic directional surveys completed by International Directional Services of Elko, Nev., which measure both horizontal and vertical deflection in the drill holes.
Coral employed ALS Chemex as its primary assay lab, with sample prep facilities in Elko, Nev., and analytical laboratories in Reno, Nev., USA, and Vancouver, B.C., Canada. Both ALS Chemex labs are QMI registered to ISO 9001-2000 and the Vancouver lab is accredited by the Standards Council of Canada based on ISO 17025. Gold assays were by fire assay with an AAS determination and multielement analyses used a combination of ICP-MS (inductive coupled plasma with mass spectroscopy) and ICP-AES (inductively coupled plasma with atomic emission spectroscopy) using a five g sample and aqua-regia digestion. The sample preparation protocol and analytical procedures employed by ALS Chemex meet current industry standard practices.
During the drilling program, Coral maintained a QA/QC program that consisted of taking rig duplicates at appropriate intervals, inserting coarse blank material and certified reference pulps into the sample stream, and sending selected pulp samples to a second lab for check assay.
The drilling program was directly supervised by R.T. McCusker, a qualified person pursuant to NI 43-101.
GLTA,
I_luv_GVG