Coral Drills 5 ft of 0.4891 oz/t Gold at Robertson Property, Crescent Valley, Nevada
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/07/10 -- Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) (the 'Company') is pleased to announce initial gold results from its recent RC drill program on the Triplet Gulch zone at Coral's Robertson property, Nevada, USA.
The program consisted of 12 vertical 600 ft depth reverse circulation holes at 500 ft spacing. Hole locations can be viewed on Coral's website www.coralgold.com. The program started 1 June and was completed 22 June.
Coral has received gold assay results from holes CR10-1 through CR10-9. Intersections over cut off grade of 350 ppb (0.0103 oz/ton) are as follows:
Hole Depth from to ft Au (ppb) Au (oz/ton)
--------------------------------------------------------
CR10-1 0 - 10 788 0.0234
130 - 135 440 0.0128
155 - 160 383 0.0112
195 - 220 388 0.0113
225 - 260 389 0.0114
280 - 295 487 0.0142
460 - 480 579 0.0169
555 - 560 508 0.0148
585 - 600 351 0.0103
CR10-2 135 - 140 789 0.0230
215 - 245 1,180 0.0337
(includes 235 - 240 4,630 0.135)
320 - 340 710 0.0171
360 - 370 1505 0.0437
460 - 465 1020 0.0298
510 - 520 656 0.0195
580 - 585 492 0.0143
CR10-3 20 - 25 733 0.0214
285 - 295 1,117 0.0325
350 - 360 624 0.0182
490 - 495 350 0.0102
515 - 535 1,385 0.0404
585 - 595 555 0.0162
CR10-4 10 - 15 1,430 0.0417
320 - 330 745 0.0217
500 - 505 417 0.0122
580 - 600 881 0.0258
CR10-5 105 - 110 970 0.0283
125 - 135 548 0.0160
310 - 325 631 0.0184
350 - 355 534 0.0156
390 - 395 483 0.0141
430 - 440 591 0.0114
480 - 485 713 0.0208
500 - 515 444 0.0129
585 - 595 872 0.0254
CR10-6 320 - 325 433 0.0126
335 - 340 406 0.0118
CR10-7 80 - 100 3,988 0.1164
(includes 95 - 100 14,300 0.418)
390 - 405 575 0.0168
570 - 575 422 0.0123
CR10-8 60 - 65 1,585 0.0463
75 - 80 479 0.0140
185 - 210 1,552 0.0484
365 - 380 666 0.0195
515 - 550 564 0.0164
560 - 565 376 0.0110
CR10-9 75 - 85 8,817 0.2575
(includes 75 - 80 16,750 0.4891)
180 - 185 539 0.0157
385 - 390 557 0.0162
The program was supervised and all samples were collected by Robert McCusker, qualified person for NI43-101 and were fire assayed by ALS Chemex Labs using an AA finish.
For more information on the Robertson Property and Coral Gold's other Nevada projects, visit the Company's website at www.coralgold.com.
ON BEHALF OF THE BOARD
David Wolfin, President
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading 'Risk Factors' and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Coral Gold Resources Ltd.
David Wolfin
President
604.682.3701
604.682.3600 (FAX)
info@coralgold.com
www.coralgold.com