Following the successful drill program of 2006-07, Coral Gold is planning for another major drill campaign in 2008.
At Glance
  • Partnered in Nevada with Cortez Gold Mines and Levon Resources.
  • Strategically-located and 100%- owned claim blocks on Nevada’s Cortez gold trend.
  • Robertson Property gold resource growing rapidly, with major drill campaign completed in 2007.
  • Robertson Property updated resource estimate report under preparation by Beacon Hill to become available by February 2008.
    UPDATED RESOURCE ESTIMATE
    The updated resource estimate recently received from Beacon Hill Consultants (1998) Ltd. for the Robertson property increases Coral’s estimate by 110% to 2.3 million ounces of gold.
    The estimate incorporates results from drilling programs done since the last published resource estimate of April 2006. The 43-101 compliant report is under preparation by Beacon Hill and will be available by February 2008.
    WHERE THE GOLD IS
    Independently, and through agreements with Cortez Gold Mines and Levon Resources Ltd., Coral Gold Resources is exploring a portfolio of strategically located claim blocks along the Cortez gold trend in north-central Nevada. These properties are situated in the active Crescent Valley region. Coral’s primary asset in Nevada is the Rproject. Robertson adjoins Cortez GoldMines’ Pipeline Mine to the south, whereBarrick Gold Corporation (60%) and Kennecott Minerals Company (40%) have established proven and probablereserves of 11 million ounces of gold.


    The large Pipleline open pit (Barrick/Kennecott)and the nearby Robertson Property owned by Coral Gol lResources
    EXCLUDED CLAIMS JV
    The Excluded Claims operate under a joint venture with Cortez Gold Mines (Coral Gold Resources 39% carried interest; Cortez 61%), in which Cortez is the project operator. The property lies approximately 4,000 feet north of the Pipeline Mine and it encompasses a number of important structural elements.
    Coral’s various Robertson holdings are situated in the active Crescent Valley region on the Cortez gold trend. Cortez Gold Mines’ Pipeline Mine adjoins the Excluded and Ruf claims to the south. Barrick Gold Corporation (60%) and Kennecott Minerals Company (40%) have established proven and probable reserves at Pipeline/Cortez of 11 million ounces of gold.
    NORMA SASS PROPERTY ROBERTSON PROPERTY

    Norma Sass, an early-stage exploration project located immediately south of the Gold Acres open pit mine and west of the Pipeline Mine, represents one of Nevada’s best remaining exploration targets. Previous drilling at Norma Sass encountered ore-grade gold values hosted by favorable, lower-plate carbonate strata.

    The Norma Sass property is owed 66.6% by Coral Gold and 33.3% by Levon Resources Ltd.

    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 September 8, 2007.
    Coral Gold Resources Ltd.
    Suite 400, 455 Granville Street
    Vancouver, BC V6C 1T1
    (604) 682-3701
    www.coralgold.com
    Contact:
    Investor Relations
    (604) 682-3701
    ir@coralgold.com
    Shares Traded:
    TSX Venture, CLH.V
    US OTCBB, CLHRF
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