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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-8-2017: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its Deflector deposit at the Deflector project. Drilling results incl. 18.1m @ 65.3g/t Au, 0.4% Cu from 332.0m . Doray Minerals Limited (“Doray” or “the Company”) (ASX:DRM) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Cossum (Internal) | |
| ABSTRACT: | Doray Minerals Limited (“Doray” or “the Company”) (ASX:DRM) is pleased to announce outstanding intercepts from a potential new zone of mineralisation at its Deflector gold copper mine. These new intercepts are a result of an ongoing Resource definition/extensional diamond drilling programme and are separate from the continuing exploration of the new Da Vinci lode. This new zone, which is located at depth and in the hanging wall to the Western Lode has returned two intercepts from DEDD058, with 2.7m @ 13.0g/t Au (with no significant copper assay) from 302.1m, and 18.1m @ 65.3g/t Au and 0.4% Cu from 332.0m (including 1.6m @ 283.5g/t Au and 3.4% Cu, as well as 1.2m @ 435.3g/t Au and 1.4% Cu). Structural data from drilling indicates that these zones have been intercepted slightly down-dip, but still represent true widths of approximately 1.5m and 10.0m respectively. At present, the context of this new intercept with regard to the existing mineralisation at Deflector is still to be determined. However, it provides a clear exploration target in proximity to future mine infrastructure at Deflector, and highlights the exploration upside present in the Deflector system outside of the recently announced Mineral Resource (see ASX Release dated 3 August 2017). The location of this intercept with respect to the Deflector Western Lode is illustrated in Figure 1. Managing Director, Mr Leigh Junk said Doray’s strategy to focus exploration in and around the Company’s operations was paying dividends. “This is the best hole ever drilled into Deflector. There is more follow up work to determine if this intersection is a completely new parallel lode or an offset position of the Western Lode, either way with this width and grade we are looking forward to mining it” Mr Junk said. | |
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