Anticipating an active year, Dolphin Explorations has budgeted approximately $4 million for exploration work on several gold properties, the most advanced of which is the Cape Ray in Newfoundland. Exploration commenced in mid-June and two drills are currently testing the 41 and 04 zones, says Len W. Saleken, vice-president. About 30,000 ft of surface drilling is planned and 2,100 ft of underground drifting on the 41 zone. At the scheduled rate of underground development, the drift should intersect the gold mineralization at the 200-ft level in early October, he notes. Bulk sampling is then planned to assess ground conditions and continuity of the mineralization.
The Cape Ray project is situated on the south coast of Newfoundland about 41 miles west of bp Canada’s Hope Brook gold mine at Cinq Cerf. Auriferous quartz veins are located within a major shear zone which reaches more than one-half mile in width. Most of the gold mineralization has been located along the main shear.
Geological reserves stand at 991,600 tons grading 0.185 oz gold within three zones along the main shear. Mining reserves are estimated to be 695,300 tons averaging 0.23 oz gold over a minimum 5-ft width.
At the Phillips Brook property in Newfoundland, two mineralized zones containing values as high as 0.17 oz gold per ton have been located. This gold mineralization occurs within pyritic felsic volcanics and porphyry along a fault contact that has been traced for more than one mile on surface. The zones have been mapped and sampled in detail. An Induced Polarization (ip) survey will be conducted shortly.
Dolphin has staked 61 mining claims approximately six miles north of the Hemlo gold deposit. A 2-phase program of geochemical and geophysical work followed by drilling has been recommended for the ground.
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