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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 12/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-12-2018: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its Deflector deposit at the Deflector project. Drilling results incl. 0.50m @ 724g/t Au, 18.8% Cu from 86.1m. Doray Minerals Limited (“Doray” or “the Company”) (ASX: DRM) | |
| Resources: | (Resource): 248Kt @ 12.5g/t Au, 0.5% Cu for 100Koz Au, 1200Kt Cu contained at Da Vinci | |
| CP/QP: | [Overall Report]: Mark Cossum (Internal) | |
| ABSTRACT: | Doray Minerals Limited (“Doray” or “the Company”) (ASX: DRM) is pleased to announce the results from recent underground diamond drilling focussed on infilling Inferred Mineral Resources and In-Mine exploration at the Deflector Gold Copper Mine Commenting on the discovery of these new high-grade mineralised structures at Deflector, Doray Minerals Managing Director Leigh Junk said, “These results continue to show the level of high grade mineralisation present within the Deflector system. The more we drill, the more mineralised surfaces we uncover. Some of these grades are exceptional, and bode well for inclusion in next years Mineral Resource estimate. The presence of these numerous high grade structures are contributing to our strong mining performance on site. We are also gaining significant benefit from additional ore being mined outside of our planned areas as we delineate new structures.” Underground diamond drilling within the Deflector mine during Q1 FY19 has focussed on both infilling areas of lower data density, as well as exploration for new Mineral Resource material within the underground mine footprint. The discovery during the last financial year of significant new orebodies within this footprint has proven the strategy of incrementally increasing the Mineral Resource accessible by existing (or planned) underground mine infrastructure. A total of three programmes were drilled, comprising 24 holes for 7,297m. In addition, two stratigraphic holes for 1,748m were drilled to collect an unbroken geological profile to the east and west of the Deflector mine. The three InMine exploration programmes were focussed on extensions to the Western Splay lodes north and south of the current Mineral Resource interpretation, as well as on a gap in data evident in the Contact Lode coverage (see Figure 1). | |
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