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Doray Minerals Ltd.
Summary
| Project: | Gnaweeda | |
|---|---|---|
| Deposit: | Turnberry | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-1-2017: Doray Minerals Ltd. announces an Exploration/Drilling Update report for its Turnberry deposit at the Gnaweeda project. Drilling results incl. 3m @ 58.3g/t Au from 88m. Doray Minerals Limited (ASX:DRM, Doray) is pleased to announce the results o | |
| Resources: | (Resource, Inf.): 4.6Mt @ 1.8g/t Au for 266000oz Au contained at Gnaweeda project | |
| CP/QP: | [Overall Report]: Mark Cossom (Internal) | |
| ABSTRACT: | Doray Minerals Limited (ASX:DRM, Doray) is pleased to announce the results of an extensive infill and extensional RC drilling programme at the Turnberry Prospect, located within its 100% owned Gnaweeda Project, approximately 15km east of the Andy Well Gold Operation (see Figure 1). Drilling was designed to follow-up on Dorays previous successful programmes and increase the confidence of the maiden Inferred Resource of 266,000ozs Au previously announced (see ASX Release dated 20 July 2016). A total of 121 RC drillholes for 23,662m and 6 RC drillholes with diamond tails for 1,570.64m were drilled. Drilling was designed to nominally infill the data density to approximately 40m x 40m, as well as follow up on previously intersected mineralisation that wasn’t included in the July 2016 Inferred Resource model due to a lack of data support, including TBRC043 which reported an intersection of 7m @ 41.3g/t Au from 153mdh (see ASX Release dated 17 June 2016). The programme was highly successful in both increasing confidence in the existing Resource area, as well as extending known mineralisation. Drilling generally intersected wide zones of mineralisation with smaller internal zones of higher grade mineralisation. In addition, follow up drilling around TBRC043, which previously returned 7m @ 41.3g/t Au, appears to have outlined a new high grade zone of the mineralised area, known as the Turnberry Central West (see figure 3). Doray’s Managing Director, Mr Leigh Junk, said that the recent drilling at Turnberry had been successful in increasing the confidence in the mineralisation at Gnaweeda. | |
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