Significant gold and silver mineralization has been discovered by Dolphin Exploration on its Cape Ray project in southwestern Newfoundland.
The best results were from two drill holes in the Windowglass Hill zone, the company notes. The zone is mainly granite and consists of stockwork mineralization that is veinlet and fracture related, according to Vice-president Len W. Saleken.
He confirms the Windowglass zone now has been extended for more than 400 ft along trend and remains open for additional expansion. Recent results included 40.9 ft of 0.135-oz gold in hole No 86-182 and within that section was a 13.2-ft interval grading 0.41 oz. A second hole, No 86-183, returned 22.1 ft of 0.064 oz including 8 ft of 0.155-oz material. Drilling by Rio Tinto in 1978 encountered similar values including a 34.9-ft intersection averaging 0.148 oz.
The company is planning an extensive $3-million surface and underground program in 1987, part of which will begin this winter. Mr Saleken says they may drive an existing decline on the property down another level and drift on ore for bulk sampling purposes. The original decline went down only about 75 ft and he says they want to get below “any surface effect” to evaluate the zone properly.
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