Coral Gold (TSX.V-CLH) (OTC:BB-CLHRF) remains focused on the following key objectives:
1. Move Robertson towards production
2. Upgrade the property’s inferred gold resource
3. Produce a Preliminary Economic Assessment (PEA)
4. Acquire permitting for further exploration on Robertson from the BLM
With historically high gold prices many producers are looking at developing large bulk-tonnage deposits like the Robertson project to capitalize on current market conditions.
Sufficiently funded for 2011, Coral is determined to take an aggressive approach in the coming year to maximize growth through adding value to the Robertson Project. We feel that this is best achieved by moving the project towards production.
In January, after all assay results from the Gold Pan and Altenburg Hill core drilling have been received, selected samples will be sent to McClelland Labs for metallurgical testing, The results of the test work will be incorporated in a new PEA to be prepared by Beacon Hill Consultants. We expect the completed report late in the second or early in the third quarter.