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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9151)	10/16/2014 8:40:35 AM
From: Goose94	Read Replies (3) \| Respond to of 203325

Coral Gold Resources (CLH-V) Oct 16, '14 is pleased to announce that Barrick Gold (ABX-T) has completed the third hole of the 2014 diamond core hole drill program on the Gold Ridge property located in Crescent Valley, Nevada. Barrick is targeting Carlin-type mineralization in the lower plate which hosts large mines on the Carlin Gold Belt as well as the nearby Pipeline, Cortez Hills, Gold Acres and Gold Rush projects on the Cortez trend. Results of the exploration program will be made public once an analysis of the drill results has been completed by Barrick. The drill program is pursuant to the exploration and option to joint venture agreement between Coral, Barrick Gold Exploration Inc. ("Barrick Gold") and Barrick Gold Corporation ("Barrick") announced in the Company's news release dated March 5th, 2014. In the agreement, Barrick Gold has been granted an option to earn up to an undivided 60% interest on the Company's Gold Ridge Property in Nevada (consisting of a portion of the Robertson Property) in consideration for Barrick Gold incurring US$12,000,000 in exploration expenditures over a five year period. The Option Agreement provides that upon Barrick Gold exercising its option, a 60%/40% joint venture between the parties will be established in order to further explore the Gold Ridge Property. In addition, the joint venture agreement also provides Barrick Gold with the right to increase its interest by an additional 15% for an aggregate undivided 75% interest by preparing and delivering to the Company a scoping study. The Gold Ridge claims are separate and adjacent to Coral's core claims at Robertson which host an inferred gold resource of 2.7 million ounces, a portion of which was the subject of a preliminary economic assessment in 2012. The core claims are host to a near surface resource that shows typical characteristics of porphyry/hornfels mineralized system which has historically been an indication of a deeper feeder system hosted in the lower plate below. To view a map of Coral's claims and the Cortez trend click here.