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Doray Minerals reveals high-grade results near its producing gold-copper mine

The new high-grade material could significantly enhance the production profile at Deflector.
Doray Minerals reveals high-grade results near its producing gold-copper mine
Doray has commenced drilling on a new deeper diamond drill hole

Doray Minerals Ltd’s (ASX:DRM) shares were trading 7.5% higher intra-day after revealing high-grade gold and copper results from a drilling program at its new Da Vinci discovery.

The Da Vinci discovery is located immediately north of the company’s producing Deflector gold-copper mine in Western Australia.

Highlight assay results from the latest program include:

- 10.4 metres at 45.2 g/t gold and 0.7% copper from 226 metres; and
- 1.4 metres at 8.5 g/t gold and 0.7% copper from 143.5 metres.

Importantly, the pattern of mineralisation discovered is similar to the main Deflector ore system.

The results from the new drill holes have demonstrated at least 120 metres of continuity of the high grade mineralisation that is open along strike and at depth.

Doray has commenced drilling on a new deeper diamond drill hole, a further 80 metres north along strike.

In addition, reverse circulation drilling is continuing on the Da Vinci prospect to test the strike extent of the system and to analyse near surface potential.

Doray had a combined annual production of circa 105,000 ounces gold and 4,700 tonnes copper from the Deflector and Andy Well projects for the financial year ended June 30, 2017.

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Doray Minerals Ltd Timeline

Newswire
October 25 2016

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