CORAL GOLD NEWS FOR 2011
I still firmly believe as stated in my ANALYSIS on this message board that Coral Gold is fluffing itself up for buy out from a large company in a stock swap. Their below news release I think is just part of this process?
Coral Provides Year End Summary and Outlook for 2011
VANCOUVER, BRITISH COLUMBIA -- 12/24/10
Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) -
Dear Shareholder,
I am pleased to present a review of Coral's achievements in 2010 and outlook for 2011. With gold prices at all-time highs and continuing to climb, Coral is in prime position to capitalize on current market sentiments.
Management 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
Focused On Moving Towards Production
With the price of gold holding above $1,000, we are focused on moving the Robertson project towards production. We have looked at the option of continuing to expand resources like we've done over the past several years, but we believe that greater value now lies in upgrading resources and laying the groundwork for an open pit/heap leach operation. Past feasibility studies were conducted by Amax Gold/MDRI (now AMEC) at Robertson in 1994, when gold was under $400 per ounce, and are greatly assisting Coral's work today.
