Sign up Australia
Proactive Investors - Run By Investors For Investors

Doray Minerals hits Bonanza gold and eyes production ramp up

Ore from Da Vinci could extend Deflector’s mine life beyond the current four years.
Picture of gold being processed
The Da Vinci deposit could be within 50 metres of Deflector’s ore drive by January.

Doray Minerals Limited’s (ASX:DRM) delineation of intersections such as 11 metres at 56.3 g/t gold at its Da Vinci discovery in Western Australia has provided confidence in its ability to contribute ore to the company’s Deflector Gold-Copper Project.

Management is looking to gain a better understanding of Da Vinci, potentially extending the mineralisation strike length to more than 200 metres.

This should see the deposit situated within 50 metres of the Deflector project’s ore drive in January.

Doray is forecasting Deflector to ramp up production in the coming six months after producing circa 5000 ounces of gold and 272 tonnes of copper in 2017.

Drilling at da Vinci can potentially add mine life to Deflector

From an exploration perspective, massive sulphides and bonanza gold intersections at Da Vinci are interpreted by Doray as an extension of the Deflector Western Lode.

The Da Vinci Lode already shows signs of continuous strike lengths of high-grade mineralisation and remains open along strike and at depth.

Ore from Da Vinci could potentially extend Deflector’s mine life beyond the current four year period.

View full DRM profile View Profile

Doray Minerals Ltd Timeline

Newswire
October 25 2016

Related Articles

rc drill rig
October 29 2018
The joint venture is striving to identify West Africa’s next large gold mine.
underground mine
July 20 2018
Annual guidance for 2018 is 82,000-88,000 oz at AISC of US$680-730 oz
1538462039_Gold-bar-plus-nugget.jpg
October 02 2018
Caledonia remains on track to produce between 55,000 and 59,000 ounces of gold this year

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use