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Doray Minerals Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | King Solomon-New Phoenix | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 4/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-4-2017: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its King Solomon-New Phoenix deposit at the Deflector project. Drilling results incl. 4m @ 9.27g/t Au from 67m. Doray Minerals Limited (“Doray” or “the Company”) (ASX:DRM) | |
| 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 the results of its maiden RC drilling programme at the King Solomon / New Phoenix Prospect, located within its 100% owned Deflector Gold Copper Project, approximately 6km west of the Deflector mine (see Figure 1). Drilling was designed to both confirm remnant high grade gold mineralisation along three historically mined quartz lodes (King Solomon, New Phoenix and Christmas Gift), as well as to test for strike extensions to the mineralisation away from these mined areas from fault offsets interpreted from airborne magnetic data. A total of 12 RC drillholes for 2,315 m were drilled. The drillhole locations with respect to the previous drilling and mining are illustrated in Figure 2. The programme was successful in confirming mineralisation in the vicinity of historic mined areas of the lodes, and also in intersecting interpreted fault offsets to the mineralisation. Mineralisation is now not only open down dip of historic workings, but also along strike to the northeast as well as the southwest (see Figures 3 and 4). Doray’s Managing Director, Mr Leigh Junk said the recent drilling highlighted the exploration potential of the Deflector tenement package. “Although extending the Deflector Resources and Ore Reserves is the main priority on these tenements, this programme highlights that there are numerous very exciting near mine opportunities for us to pursue” he said. | |
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