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Doray Minerals Ltd.
Summary
| Project: | Gnaweeda | |
|---|---|---|
| Deposit: | Gnaweeda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-9-2017: Doray Minerals Ltd. announces a Resource Estimation report for its Gnaweeda deposit at the Gnaweeda project. Updated mineral resource estimate at Gnaweeda. Doray Minerals Ltd (ASX: DRM, Doray, the Company), is pleased to announce an updated Min | |
| Resources: | (Resource, I+I): 5.5Mt @ 1.8g/t Au for 322000oz Au contained at project | |
| CP/QP: | [Resources]: Mark Cossom (Internal) | |
| ABSTRACT: | Doray Minerals Ltd (ASX: DRM, Doray, the Company), is pleased to announce an updated Mineral Resource and Ore Reserve estimate as at 30 June 2017. The Company’s total Mineral Resources now stand at an estimated 1.41Moz Au and 18,400t Cu. The Company’s total Ore Reserves now stand at an estimated 0.26Moz Au and 9,200t Cu. A summary of the Company’s Mineral Resources are detailed in Table 1 below. The revised Gnaweeda and Deflector Mineral Resource estimates have previously been released to the ASX on 9 June 2017 and 3 August 2017 respectively. The 30 June 2017 Mineral Resource statement includes a re-estimation of the Andy Well gold deposits, based on all available drilling data. A more detailed review of the Mineral Resource per project area is included below. A summary of the Company’s gold and copper Ore Reserves are detailed in Tables 3 and 4 below, with explanatory notes provided in Appendix B. The major change to previous Ore Reserves has been the decision to place the Andy Well operation into Care and Maintenance as the end of October 2017. This has resulted in only existing developed, or near developed ore being extracted after 30 June 2017. Deflector gold and copper Ore Reserves comprise ore from both underground and open pit sources as well as surface stockpiles. | |
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