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| 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. |
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