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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 5/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-5-2017: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its Deflector deposit at the Deflector project. Drilling results incl. 0.3m @ 349g/t Au, 2.1% Cu from 256.8m. Doray Minerals Limited (“Doray” or “the Company”) (ASX:DRM) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Cossom (Internal) | |
| ABSTRACT: | Doray Minerals Limited (“Doray” or “the Company”) (ASX:DRM) is pleased to announce initial results from its ongoing Resource infill and extension programme at the Deflector Gold Copper Operation (see Figure 1). This drilling is part of Doray’s aggressive strategy of upgrading the Inferred sections of the Mineral Resource to Indicated category, and extending it at depth, which will allow additional Ore Reserves and mine life to be delineated at Deflector. Drilling has primarily focussed on the extremities of Mineral Resources on the main Western and Central Lodes, with additional intersections of the Contact Lodes. A total of 19 diamond drill holes for 6,103m have been completed to date, with drilling continuing. The drillhole locations with respect to the previous drilling and mining are illustrated in Figure 2. As well as infilling data density within existing Mineral Resource areas, drilling was targeting interpreted controls on high-grade gold (with associated copper) mineralisation. These controls have been identified from ongoing mapping of the observed geology at Deflector. This mapping has highlighted an overall northerly high-grade plunge to mineralisation at the south end of the deposit, controlled by the intersection of the Western and Central Lodes (see Figures 3 and 4). Doray’s Managing Director Mr Leigh Junk said the Company was excited by the excellent results that have increased the understanding of the orebody and confirmed that strong mineralisation continued at depth beyond the boundaries of the current mine plan. “The Deflector orebody is open at depth and these drilling results highlight the many opportunities we have to define further extensions, and strengthens our confidence that the mine life can be extended beyond the current five years” Mr Junk said. | |
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