Coral Gold Resources Ltd. reported that Nevada Gold Mines continues to advance the Robertson Project in the Cortez region of Nevada where Coral retains a net smelter returns royalty (NSR). NGM recently delivered its summary of work completed in First Quarter 2020 at Robertson. In terms of drilling activities at Robertson, NGM reported that 2,026 meters of geotechnical and metallurgical drilling was completed during the quarter, as well as 821 meters of resource drilling. NGM is also progressing the evaluation and other pre-development activities at Robertson including updating the geological models based on First Quarter 2020 drill data, continuing ongoing baseline study work, such as waste/ore characterization work and biological baseline work. In addition, NGM has confirmed that the Robertson pre-feasibility study process remains in-progress. As announced in Coral's news release dated March 16, 2020, Barrick recently disclosed an inferred mineral resource at the Robertson Project in their 2019 fourth quarter report and news release dated February 11, 2020, and while the details of the new resource estimate have not yet been made public, they indicate the Robertson property is now considered part of the mineral resource base for the Cortez Mine complex. Coral Gold Management is encouraged by the progress on the Robertson Project, especially that a new mine design was created, and work progresses towards development of this property. Coral's NSR at Robertson After the sale of the Robertson Project to Barrick in 2017 (now held within NGM), Coral retains a life of mine sliding scale, 1% to 2.25% NSR on the project. Coral's NSR is subject to potential advance royalty payments as well as a right of first refusal enabling NGM to acquire the NSR if the Company wishes to sell the NSR to any third party. The royalty increases with an increase in the price of gold.