Business
Pinnacle Digest Selects Coral Gold As New Featured Gold Company
Pinnacle Digest Selects Coral Gold As New Featured Gold Company
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nPinnacle Digest Selects Coral Gold As New Featured Gold Company\n\n\n Apr. 26, 2010 (TheNewswire.ca) -- www.PinnacleDigest.com / Delta, BCEvery true investor is looking for a gold equity to capitalize on the current and future bull market in gold. With that stated, our team has selected a very well established company, which has been around for more than 25 years, as our new Featured Gold Company. This is a gold company whose flagship asset is located in one of the most prolific and politically stable mining regions on earth - the Cortez Gold (OOTC:CRTZF) (TSXV:CUT) Trend of Nevada. This company is also partnered with a major who is the largest gold producer in the world. Its flagship project is adjacent to Barrick's Pipeline Gold Mine (currently in production) which, including past production, contained 38 million ounces. The proximity and infrastructure related to being this close to a world famous mine gives our new Featured Gold Company a distinct advantage over many juniors hoping for a shot at production or a potential future buyout. With 3.4 million ounces of gold, and a market cap of less than $20 million, we are not selecting this company because of what they might achieve, but because of what they already have.It is with great pride that we introduce Coral Gold (CLH:TSXV)(CLHRF:OTCBB) as our new Featured Gold Company of 2010.Coral Gold's flagship asset is its 100% owned Robertson Gold Project and to put it simply, it is a massive, advanced stage gold exploration project. So big in fact, that Coral owns the largest gold resource (OTCBB:GORO) we have ever featured at Pinnacle.The Robertson Gold Project contains a large, near surface gold resource of 3.4 million ounces...and counting. It is fully 43-101 compliant and calculated on a modest basis of US $850 gold and recoveries of 70%.Robertson is located along the prolific Battle Mountain/Cortez Gold trend in north-central Nevada. Over the past 20 years, Coral Gold and its various venture partners have spent more than $25 million exploring the claims. 1100 drill holes and 500,000 ft of drilling have been completed. When we said we were bringing forward an advanced staged gold project, we meant it.The significant money spent and work completed on the property to date has led to the discovery of several mineralized zones at Robertson: Distal, 39A, South Zone, Outside, Gold...