Drilling continues at Bellas Gate (May 25, 1992)

The share price of Golden Ring Resources (VSE) came under downward pressure after the company released results from recent drilling on the Camel Hill deposit at the Bellas Gate copper-gold property in Jamaica.

The issue, which reached a high of $1.81 earlier this year, slipped 33 cents to close at 65 cents after results were released.

So far, 11 holes have been drilled on the Camel Hill target. The latest holes returned: 220 ft. grading 0.36% copper and 0.004 oz. gold per ton from 10-230 ft.; 85 ft. of 0.22% copper and 0.003 oz. gold from 90-175 ft.; 494 ft. of 0.43% copper and 0.007 oz. gold from 11-505 ft.; and 1,062 ft. of 0.29% copper and 0.004 oz. gold from 60-1,122 ft.