In order to double its projected 1989 production rate of 20,000 oz, the company is building a second leach pad at Triplet Gulch, located some 3,000 ft from the Gold Quartz pit. The new pad will measure 2,200 ft by 1,000 ft and have a capacity of five million tons.
According to Coral Gold, mineable, oxidized gold reserves have been located in four zones on the 11,000-acre Robertson property. The Gold Quartz, Gold Pan and Gilding zones are in the proximity of the first pad, while the Triplet zone is still open in all directions for further discoveries.
The property is reported to contain an oxidized geological reserve of 11 million tons grading 0.04 oz gold per ton, plus potential for sulphide reserves at depth. Coral Gold has a total of 33,000 acres of mineral claims in northern Nevada, and some 11,000 acres in British Columbia.
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