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Gold/Mining/Energy : Delgratia Mining (DELGF)

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To: Barry Pearlstein who wrote (77)3/21/1997 11:21:00 AM
From: Barry Pearlstein   of 532
 
More news -- Delgratia (DELGF.O) can't account for stock price

TORONTO, March 21 (Reuter) - Delgratia Mining Corp said on Friday it had no knowledge of any material facts that would account for the recent fluctuations in the price of its stock.

But the exploration company said it regretted media reports estimating the gold reserves at its 70 percent-owned Nevada project at five million ounces.

"I believe that it is premature to quantify the potential of this gold system," Charles Ager, president and chairman of Delgratia, said in a statement.

Delgratia was halted on Nasdaq today. The stock fell 17-5/8 to 16 on Thursday.

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