Replies to post #129 on LQwD FinTech Corp (LQWDF)

[Gold3000]

Coronado drills 45 ft of 0.74 oz/t Au at Madison


2009-11-30 13:25 ET - News Release

Mr. Gene Larabie reports

CORONADO RESOURCES LTD. - NOVEMBER UPDATE: FIRST DRILL RESULTS INTERSECT HIGH GRADE GOLD EXTENSION

Coronado Resources Ltd. continues its underground drill program on its wholly owned Madison gold-copper property near Butte, Mont. The results from the recent drill holes confirm a downward extension of the high-grade gold system beyond the current underground workings. Improving on the results announced in Stockwatch at the end of October, Coronado's continuing drill program yielded several impressive intercepts, including 45 feet of 0.741 ounce per ton gold (25.44 grams per tonne gold).

2009 MADISON DRILL SUMMARY

Drill Hole From (feet) To (feet) Interval Au oz/t Ag oz/t Cu %
No. (feet)

09-U1 12.50 42.50 30.00 0.313
09-U1 incl. 12.50 27.50 15.00 0.528
09-U2 22.00 58.00 36.00 0.4685 1.580 1.960
09-U2 incl. 26.50 44.00 17.50 0.607 0.968 1.079
09-U3 25.00 70.00 45.00 0.741 1.204 1.088
09-U4 48.00 73.00 25.00 0.588 3.897 5.721

The current drill program is designed to expand the gold zones immediately below the current underground workings. This level previously encountered gold mineralization over 100 feet long, up to 20 feet wide and extending upward for 30 feet, which yielded 2,327 tons of 0.57 ounce per ton gold. Underground diamond drilling continues and results will be announced in Stockwatch as they are made available.

The company's president, Gene Larabie, reports: "Coronado's ongoing drill program at the Madison project has produced excellent results to date. The company will be drilling a number of targets in the coming months as we are now in a position to drill the system deeper from the newly developed underground. Sales of Coronado's gold and copper shipments are expected to fund the exploration drill program and further mine development, thus preventing further unneeded dilution to our shareholders. I continue to review other quality production or quick-to-production mining opportunities in the local and international arena."

We seek Safe Harbor.