VIDEO: Coral Gold Resources (TSX.V: CLH; OTCQX: CLHRF) has emerged from a Nevada-based gold exploration company into a royalty company. Barrick Gold is now drilling the Robertson property in search of the extension from the world class Pipeline and Cortez properties located along trend to the south. An open-pit heap leach resource of over 2 million ounces has been outlined, but the big upside here in this Carlin-style target is the high grade at depth where one drill hole already intersected 5 ft. grading 1 ounce per ton. Coral Gold is currently selling below cash value. The share structure is extremely tight with only 50.2 million shares outstanding. The stock could explode to much higher levels with reports soon to emerge from Barrick Gold. Watch David Wolfin's presentation here:
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