Dolphin drilling at Nfld. project

Encouraging drilling results have been reported by Dolphin Explorations (VSE) from its Cape Ray gold project in southwestern Newfoundland.

The company, in which Corona Corp. (TSE) has a 44% interest, is involved in a $2-million, 40,000-ft surface drilling program on the property, where geological reserves stand at an estimated 1.14 million tons grading 0.28 oz gold per ton.

Results reported by Dolphin: Hole Width Grade

(ft) (oz/t) A vein PB-242 7.5 0.32 PB-243 11 0.3 PB-244 5 0.1 PB-245 9 0.24 B vein PB-243 3 0.38 PB-244 11.3 0.2 PB-245 9 0.3

Incomplete results from hole PB-249 indicate 0.44 oz over 39 ft, the company reports.