VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2009) - Coral Gold Resources Ltd. ("Coral") (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8... is pleased to announce that we have been notified by Barrick Gold Exploration ("Barrick") that plans are underway to do target delineation work in Q2 followed by deep drilling in Q3 on our Norma Sass property, Cortez Gold Trend, Nevada. Norma Sass is a 36-claim property immediately west of the Pipeline Mine open pit. Norma Sass was optioned to Barrick in October, 2008 (please refer to Coral's October 21, 2008 press release: http://media3.marketwire.com/r/NR1021), and is jointly owned by Coral's wholly owned U.S. subsidiary, Coral Resources, Inc. and Levon Resources Ltd.
"Norma Sass" proximity to Pipeline, offers the deep discovery potential Barrick is pursuing. With their fresh perspective on the district, and their immediate and long term commitment to expanding their gold resource base, we know that we have the best partner in the industry for this property. They have completely remapped and reinterpreted the Pipeline open pit geology since their acquisition of Placer Dome, and have a new stratigraphic model for the host rocks and structural setting of the gold deposit. We believe that these new insights being applied to unraveling the deep potential of Norma Sass is an ideal approach.
Coral Gold Resources Ltd. is a natural resources company, primarily engaged in the acquisition, exploration and development of natural resources properties, focusing on gold exploration. Its principal business activities have been the exploration of mineral properties located in Nevada, USA, including the Robertson Property, Norma Sass Property, and Ruf Claims.
ON BEHALF OF THE BOARD
David Wolfin, President |
