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Coronado Intersects 45 Feet of .741 oz/ton Gold

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By Josh_Kier

Posted: Tuesday Nov 17 10:30:59AM 2009

Coronado Resources Ltd. TSX VENTURE: CRD Nov 17, 2009 12:01 ET Coronado Intersects 45 Feet of .741 oz/ton Gold in Underground Expansion Drilling on Its Wholly Owned Madison Gold/Copper Property in Montana, USA VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Coronado Resources Ltd. (TSX VENTURE:CRD) is continuing with the underground drill program on its wholly owned Madison Gold/Copper property near Butte, Montana, USA. The results from the recent drill holes, numbers 09-U3 and 09-U4, confirm downward extension of the high grade gold system beyond the current underground workings at level 500. Hole number 09-U3 was drilled on the same bearing as hole 09-U2 directly below at -60 degrees and intercepted 45 feet of .741 oz/ton au (25.44 gm/mt) while hole number 09-04 was drilled 20 degrees to the north of 09-U2 at -30 degrees and intercepted 25 feet of .588 oz/ton au (20.16 gm/mt). 2009 Madison Drill Summary Drill Hole # From (feet) To (feet) Interval (feet) Au oz/t Ag oz/t Cu % 09-U1 12.50 42.50 30.00 0.313 Prev. reported 09-U1 incl. 12.50 27.50 15.00 0.528 Prev. reported 09-U2 22.00 58.00 36.00 0.4685 1.580 1.960 Prev. reported 09-U2 incl. 26.50 44.00 17.50 0.607 0.968 1.079 Prev. reported 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 drill program is designed to expand the gold zones immediately below the current underground workings at level 500, all holes were drilled from drill station #1. This level previously encountered gold mineralization over 100 feet long, up to 20 feet wide and extended upward for 30 feet, which yielded 2,327 tons of .57 oz/ton au. Underground diamond drilling continues and results will be published as they are made available.

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