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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 3/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-3-2019: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its Deflector deposit at the Deflector project. Drilling results incl. 1.0m @ 11.3g/t Au, 4.4% Cu from 102m. Doray Minerals Limited (“Doray” or “the Company”) (ASX: DRM) is | |
| 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 recentsurface reverse circulation (RC) drilling focussed on testing several near-mine exploration targets at the Deflector Gold Copper Mine Commenting on these high-grade intersections at prospects close to the Deflector mine, Doray Minerals Managing Director Leigh Junk said, “These latest results continue to confirm our long-held belief that there is additional untapped mineralisation across the broader Deflector project area. We have been consistent over the past year in investing in near-mine exploration with the target of extending Deflector’s mine life. “These latest results, while early stage, are extremely encouraging and highlight yet again the high-grade prospectivity of Deflector, and we look forward to continuing to unlock its significant potential.” A series of RC drilling programmes were completed on the Spanish Galleon, Deflector Southwest and the Da Vinci North prospects (see Figure 1). The Spanish Galleon and Deflector Southwest prospects were targeted based on reinterpretations of existing drill data utilising the enhanced understanding of mineralisation controls and styles at the nearby Deflector Gold Copper Mine. The Da Vinci North programme was drilled to test for further strike extensions to the Da Vinci discovery made in 2017, which has recently been included in the Deflector mine plan (see ASX release dated 31 January 2019). The Spanish Galleon programme consisted of two traverses across the previously defined oxide zone anomalism. The Deflector Southwest programme consisted of three sections orientated obliquely across the Deflector local grid in order to optimally test the reinterpreted orientation of the mineralised structure. The Da Vinci North programme consisted of three sections of RC directly along strike from the previously defined Da Vinci Mineral Resource. | |
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