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Doray Minerals Ltd.
Summary
| Project: | Andy Well | |
|---|---|---|
| Deposit: | Andy Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 11-7-2018: Doray Minerals Ltd. announces a Resource Estimation report for its Andy Well deposit at the Andy Well project. Updated mineral resource estimate at Andy Well as part of annual statement. Doray Minerals Limited (“Doray” or “the Company”) is plea | |
| Resources: | (Resource, Total): 1.817Mt @ 8.6g/t Au for 503Koz Au contained at Andy Well | |
| CP/QP: | [Resources]: Mark Cossom (Internal) | |
| ABSTRACT: | Doray Minerals Limited (“Doray” or “the Company”) is pleased to announce our annual Mineral Resources and Ore Reserves estimate as at 30 June 2018. Commenting on the updated Mineral Resources and Ore Reserves estimate, Doray’s Managing Director Leigh Junk said, “Achieving such a meaningful increase in Resource gold grade and ounces, at an average discovery cost of $25 per ounce, is a great result for Deflector’s first full year mining underground. Our unwavering focus on achieving operational efficiencies and producing cash, with an effective exploration investment during FY2018 is now delivering real results. I believe this is just the beginning of our success at Deflector. Recent delineation and conversion of the significant mineral endowment in the Link Lode underpins a more economic and robust operation moving forward. In addition, the updated Mineral Resource and economic evaluation of Da Vinci expected during the first half of FY2019 should provide a basis to extend our mine footprint and enhance our production profile. This is complemented by a significant exploration investment and growing confidence in our strategy | |
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