Amax, Coral encouraged by Robertson intercepts

Assay results were released by Coral Gold (VSE) from the latest round of drilling on the Robertson joint venture gold property at Crescent Valley, Nev.

Three of five holes drilled by partner Amax Gold (NYSE) intersected encouraging gold values from the 39A zone, or central core area, which encompasses the zone and two open pits from a previous mining operation. The drilling returned 130 ft. grading 0.087 oz. gold per ton, 245 ft. of 0.084 oz. gold and 135 ft. of 0.056 oz. gold, higher grade but deeper material than the near-surface oxidized ore mined in the past. The 39A zone remains open for expansion to both the northeast and southwest. Assay results were also released from drilling in the Porphyry zone east of the leach pad, which remains open in nearly all directions.

The new results include 110 ft. grading 0.015 oz. gold, 80 ft. of 0.019 oz. gold, 120 ft. of 0.021 oz. gold, and 140 ft. of 0.025 oz. gold. The Robertson property is north of Placer Dome’s Pipeline gold discovery.