The new quartz vein discovery occurs on the northeast shore of Big Pond, located on the Cape Ray fault structure to the southwest of Windowglass Hill.
Dolphin reports a 4-5 ft wide quartz vein within sediments occurs in a small outcrop. The zone has been traced for about 200 ft in angular quartz boulders containing base- metal sulphides. Sixteen grab samples along the zone assayed up to more than 1 oz gold per ton. A trenching program is planned.
Dolphin, whose major shareholder is Corona Corp. (TSE), is hoping to be able to make a production decision this year on the property. The company is spending $4 million in exploration work at Cape Ray this year.
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