Coral Gold may sell Nevada mine

Coral Gold recently entered into discussions with a number of mining companies interested in acquiring deep zone deposits contained in its 51,000 acres of mineral holdings in the Battle Mountain and Carlin regions of Nevada.

According to Louis Wolfin, president of Coral Gold, this would include the newly commissioned 11,000-acre Robertson mine property on the Battle Mountain trend. Wolfin noted that further drilling and geochemical testing on the property revealed the likelihood of a major, higher grade gold deposit in the sulphide mineralization at depth.

In the meantime the company is implementing a cost reduction program at the Robertson mine.

]]>