Letters to the Editor Executives have not departed Royex

With respect to the article on Dolphin Explorations in your Jan 18 issue, I feel obliged to point out, somewhat along the lines of Mark Twain’s comment, that the suggestion that Robert McCallum and Tony Walsh have departed from the Royex group of companies to take on their new responsibilities is greatly exaggerated.

McCallum has been appointed president of Dolphin in addition to his ongoing responsibilities as vice- president operations of both Royex Gold Mining and Lacana Mining. Walsh has been appointed Dolphin’s vice-president finance in addition to his other duties as vice- president and treasurer of Royex and of International Corona Re sources and as vice-president fin ance of Lacana. Dolphin Explorations belongs to the Royex group of companies. International Corona (Royex 49%), through its wholly-owned subsidiary, New Venture Equities, owns 1.2 million preferred shares, convertible into 4.8 million common shares (47%) of Dolphin. Exploration of Dolphin’s properties which include the Cape Ray gold project in Newfoundland is being carried out under contract by Mascot Gold Mines, which is also a member of the Royex group.

One of our mine managers called on reading your article, most indignant that Rob McCallum appeared to have left his direct Royex role without telling him, so I thought I really should set the record straight. Norah J. Allman Director, Public Relations Royex Group, Toronto.