Dolphin gets Royex board appointee

While seeking a listing on the Toronto Stock Exchange, Dolphin Explorations of Vancouver has attempted to strengthen its board by appointing Robert McCallum as president of the company.

As a former vice-president of operations for the Royex Group, McCallum will bring a sound mining knowledge base to the company, Dolphin says. Tony Walsh, who held several positions within the Royex Group, has been appointed Dolphin’s vice-president finance.

Dolphin is involved in a number of exploration projects. They include the Cape Ray prospect in southwestern Newfoundland where exploration activities over the past two years have increased the gold reserve potential to over two million tons within four known zones.

Reserves currently stand at 991,600 tons grading 0.185 oz gold per ton, Dolp hin says.

A recently completed 1987 program included 35,603 ft of surface core drilling in 57 holes. An underground drift was driven on the 41 zone to the 800 level (200 ft below surface) for 2,162 ft.

According to Dolphin, a 450-ton bulk sample from the A vein at this level was taken for metallurgical testing and analytical results are being compiled for a new reserve calculation.

At the company’s Phillips Brook property which adjoins the Hope Brook gold mine in southwestern Newfoundland, Dolphin says the fault contact has been traced for 2 km.

Gold mineralization has been identified within two showings with values ranging to 0.17 oz. A follow- up program of geological mapping and rock sampling has been completed with encouraging results, says Dolphin.

Meanwhile, Phase 1 technical surveys are attempting to delineate potential drill targets at Dolphin’s Black River property near Hemlo, Ont. According to Dolphin, the 975-hectare property has an extensive history of exploration dating back to 1963.

With $1 million recently acquired through flow-through financing and over $5 million secured during 1987, Dolphin seems adequately equipped for its 1988 exploration program.