Coral Gold “TSX.V-CLH” has received a Preliminary Economic Assessment “PEA” on three of its gold deposits located on the Robertson Property located 60 miles south of Elko, Nevada. The results of the evaluation are as follows:
Est. inferred resources at a cut-off of 0.005 oz Au/t: 78.2 million tons grading 0.0138 oz Au/t
In situ gold: 1,080,900 ounces
Development period to construction decision: 5 years
Mine Life: 10.5 years
Average production rate: 21,300 tpd
Ore to waste Strip Ratio: 0.6:1
Leach recovery HG cut off 0.0147 oz Au/t: 67%
Leach recovery LG cut off 0.0147 oz Au/t: 45%
Saleable gold: 608,000 ounces
See news release dated January 18, 2012 for complete details.
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