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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 8/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-8-2017: Doray Minerals Ltd. announces a Resource Estimation report for its Deflector deposit at the Deflector project. Updated mineral resource estimate and Drilling results incl. 8.4m @ 38.3g/t Au from 295.5m. Doray Minerals Limited (ASX:DRM, “Doray” o | |
| Resources: | (Resource, Total): 2.827Mt @ 6.2g/t Au, 0.7% Cu for 569koz Au, 18.4kt Cu contained at project | |
| CP/QP: | [Resources]: Mark Cossum (Internal) | |
| ABSTRACT: | Doray Minerals Limited (ASX:DRM, “Doray” or “the Company”) is pleased to announce a new Mineral Resource for the Deflector Gold Copper Mine. This new Mineral Resource is the first update since the Feasibility Study and commencement of mining operations at Deflector. The revised total Mineral Resource stands at 2.83Mt @ 6.2g/t Au and 0.7% Cu for 569,000oz Au and 18,400t Cu (after mining depletion as at 30 June 2017). This Resource represents an effective replacement of those ounces mined since commencement of operations at Deflector. The reconciliation of the 2017 Mineral Resource (gold) against the 2016 Mineral Resource (gold) is illustrated in Figure 1 below. Classification of this Mineral Resource as per the JORC Code (2012) is summarised below in Table 1, with relevant documentation attached as an Appendix to this release. In addition, the Company also announces the remaining results from the Resource Definition and extensional diamond drill programme for the existing Western and Central lodes at Deflector. Previous results from this programme have been released to the ASX in May and June 2017. This drilling is separate to that recently announced on the newly discovered Da Vinci lode, north of the existing Mineral Resources at Deflector. Doray’s Managing Director, Mr Leigh Junk said this new Mineral Resource underpins the Company’s growth plans for Deflector and provides the basis on which it can confidently build the production profile going forward. | |
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