CLHRF Coral Gold Resources Ltd featured news, full reports, and detailed charts
Coral Gold Resources Ltd (CLHRF/CLHRF.OB) Wrap Up:
Coral Gold Resources, Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the states of Nevada and California in the United States. It primarily explores for gold in the Robertson property that comprises 724 patented and unpatented load mining claims in the Bullion Mining District, Lander County, Nevada. The company was founded in 1981 and is headquartered in Vancouver, Canada.Coral Gold Resources Ltd (CLHRF:OTC Bulletin Board Market)
Snapshot of Coral Gold Resources Ltd (CLHRF)
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OPEN
$0.73
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PREVIOUS CLOSE
$0.70
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DAY HIGH
$0.88
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DAY LOW
$0.71
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52 WEEK HIGH
10/12/09 - $1.00
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52 WEEK LOW
12/1/08 - $0.06
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MARKET CAP
18.8M
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AVERAGE VOLUME 3 mo
41.1K
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DILUTED EPS TTM
$-0.11
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SHARES OUTSTANDING
25.1M
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CLHRF Does Not Pay Dividends
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P/E TTM
NM
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CLHRF Top Compensated Officers
Executives, Board Directors
Key developments for Coral Gold Resources Ltd (CLHRF)
Coral Gold Resources Ltd. announced that Barrick Cortez Gold Mines have notified Coral that the planned drilling program at Coral's 2/3 owned Norma Sass property (Levon Resources Ltd. 1/3) will commence in the first week of October. The current proposed drilling will consist of two mud rotary holes with target depths on the order of approximately 1,800 to 2,000 feet to test structural and geochemical targets in the Lower Plate carbonate sequence, with the potential to go deeper as the rock dictates. The Norma Sass property is situated in the Crescent Valley, Nevada, USA approximately 1 mile south west of Barrick's former producing Gold Acres, open pit mine and two miles west of Barrick's currently producing Pipeline Mine. Barrick is currently earning an interest of up to 75% in the Norma Sass property under the terms of the September 28, 2008 agreement. Barrick may earn a 60% interest by incurring total exploration expenditures of at least $3 million in annual installments by December 31, 2014. Barrick may earn an additional 10% (for an aggregate interest of 70%) by incurring an additional $1.5 million by December 31, 2015. Barrick may earn an additional 5% (for an aggregate interest of 75%) by carrying Coral and Levon through to commercial production.
Coral Gold Resources Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported net profit of CAD 317,269 or CAD 0.01 per basic and diluted share compared to net loss of CAD 126,876 or CAD 0.01 per basic and diluted share for the same period a year ago. The company reported total comprehensive profit of CAD 361,159 and cash used in operating activities of CAD 158,301 compared to total comprehensive loss of CAD 126,527 and cash used in operating activities of CAD 61,141 for the same period a year ago. Mineral properties acquisition and exploration expenditures incurred CAD 68,306 compared to CAD 811,365 for the same period a year ago. For the six months ended July 31, 2009, the company reported net loss of CAD 368,610 or CAD 0.01 per basic and diluted share compared to net loss of CAD 550,236 or CAD 0.02 per basic and diluted share for the same period a year ago. The company reported total comprehensive loss of CAD 252,501 and cash used in operating activities of CAD 336,232 compared to total comprehensive loss of CAD 565,098 and cash used in operating activities of CAD 304,678 for the same period a year ago. Mineral properties acquisition and exploration expenditures incurred CAD 151,748 compared to CAD 932,176 for the same period a year ago.
On 07/31/2009, Coral Gold Resources Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
CLHRF Competitors
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Industry Analysis
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| Price/Earnings | NM | Not Meaningful |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
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More Recent News About Coral Gold Resources Ltd
More news for CLHRF
Coral Gold Reports Drilling Progress on Norma Sass
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 11/17/09) - Coral Gold Resources Ltd. (TSX-V:CLH - News)(OTC.BB:CLHRF - News)(Berlin:GV8 - News)(Frankfurt:GV8 - News) ("Coral" or the "Company") announces that the Company's technical team has recently visited with Barrick Cortez Gold Mines in Crescent Valley, Nevada, USA. In 2008, Coral and its joint venture partner, Levon Resources Ltd. ("Levon") reached an agreement with Barrick for exploration of the Norma Sass claims. Coral owns 2/3 and Levon owns 1/3 of the Norma Sass property. (For details please see news release dated Sept...Click here to read the whole Article (external link)
Coral Gold Resources Ltd.: Barrick to Begin Drilling on Norma Sass, Cortez Gold Trend, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/29/09) - Coral Gold Resources Ltd. ("Coral") (TSX-V:CLH - News)(OTC.BB:CLHRF - News)(Berlin:GV8 - News)(Frankfurt:GV8 - News) is pleased to announce that Barrick Cortez Gold Mines ("Barrick") have notified Coral that the planned drilling program at Coral's 2/3 owned Norma Sass property (Levon Resources Ltd. 1/3) will commence in the first week of October. The current proposed drilling will consist of two mud rotary holes with target depths on the order of approximately 1,800 to 2,000 feet to test structural and geochemical targe...Click here to read the whole Article (external link)
CORAL GOLD RESOURCES, LTD. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Coral Gold Resources Ltd.: Norma Sass Exploration Update, Cortez Gold Trend, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2009) - Coral Gold Resources Ltd. ("Coral") (TSX VENTURE:CLH - News; OTCBB:CLHRF - News; BERLIN:GV8 - News; FRANKFURT:GV8 - News) is pleased to announce that we have been notified by Barrick Gold Exploration ("Barrick") that plans are underway to do target delineation work in Q2 followed by deep drilling in Q3 on our Norma Sass property, Cortez Gold Trend, Nevada. Norma Sass is a 36-claim property immediately west of the Pipeline Mine open pit. Norma Sass was optioned to Barrick in October, 2008 (please refer to Coral's October 21, 2008 press release: ...Click here to read the whole Article (external link)
Coral Gold Provides Year End Summary and Outlook for 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2009) - With a new year underway, I am pleased to present a brief review of Coral Gold Resources Ltd.'s ("Coral Gold") (TSX VENTURE:CLH - News; OTCBB:CLHRF - News; BERLIN:GV8 - News; FRANKFURT:GV8 - News) achievements in 2008 and outlook for 2009. While we face a number of challenges in the current economic climate, the company is well positioned to sustain itself and to consider development objectives. Robertson Property - Resource Expansion and Major Drill Program CompletedOn o...Click here to read the whole Article (external link)
Coral Gold Announces Reverse Circulation Drilling Program Completed at the Robertson Property for 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2009) - Coral Gold Resources Ltd. ("Coral" or the "Company") (TSX VENTURE:CLH - News; OTCBB:CLHRF - News; BERLIN:GV8 - News; FRANKFURT:GV8 - News) announces that its Reverse Circulation drilling program has been completed at the Robertson property in Crescent Valley, Nevada, USA. The program totaled 22,835 ft of drilling in 33 vertical holes which ranged in depth from 500 to 1200 ft. The holes were located on the Altenburg Hill, South Porphyry, 39A and Distal Zones in order to increase t...Click here to read the whole Article (external link)
