Vancouver, British Columbia, September 26, 2012 - Vancouver based Coral Gold (TSXV:CLH) (OTCBB:CLHRF) (Frankfurt:GV8) , has filed its recently completed Environmental Assessment Report with the Bureau of Land Management. This report, started in April 2010 and costing approximately $994,000, covers the company's 100% owned Robertson Property, located 60 miles south west of Elko, Nevada.
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One of the region's most important gold targets, Robertson is located along the Battle Mountain/Cortez Gold trend, immediately adjacent to the Pipeline gold mine. Over the past 20 years, Coral Gold and its various venture partners have spent more than $25 million exploring the claims, leading to the discovery of five mineralized zones.
Through independent exploration and previous joint venture partnerships with Amex and Placer Dome, Coral established an NI 43-101 inferred gold resource of 3.4 million ounces, based on 179 million tons grading 0.0189 ounces per ton. This report is available on Sedar.com.
Assuming the Economic Assessment is accepted, Coral will then submit its application for the new Amendment to the Plan of Operations report, applying for a blanket permit to drill up to 500 holes. Coral then plans to continue Phase 2 drilling consisting of 60 holes as part of the forthcoming pre-feasibility study.
The shares currently trade at $0.28, and with approximately 34 million shares outstanding, the company is capitalized at $9.5 million.
For more information on the Roberson Property, and Coral's other Nevada projects, please visit Coral Gold's website at www.coralgold.com (http://www.coralgold.com/), phone 604-682-3701 or email ir@coralgold.com (mailto:ir@coralgold.com).
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