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Doray Minerals makes bonanza discovery in best ever hole at Deflector

The Deflector Gold Copper Mine commenced production in May 2016.
Doray Minerals makes bonanza discovery in best ever hole at Deflector
Doray obtained Deflector through the acquisition of Mutiny Gold

Doray Minerals Ltd (ASX:DRM) has revealed the best ever hole drilled at the Deflector gold copper mine, located in Western Australia.

The results delivered bonanza grade gold, and importantly width.

Highlights from the resource definition/extensional diamond drilling include: 18.1 metres at 65.3g/t gold and 0.4% copper, and reveal a potential new zone of mineralisation.

Next steps

Doray will need to complete 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 these widths and grades the company will look to mine it.

Production from Deflector

The FY17 production at the mine was 49,130 gold ounces at an all-in-sustaining-cost of $1,018 (including copper credits).

The forecast for FY18 is to produce 60,000 to 65,000 ounces of gold.

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Doray Minerals Ltd Timeline

October 25 2016

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