Doray resources boosted by 30%

AFTER promising exploration drilling and a strong operating performance at the emerging Deflector copper-gold mine over the past year, Doray Minerals has taken the wraps off its annual reserves and resource statement, showing significant growth in both ounces and grade.

Doray resources boosted by 30% Doray resources boosted by 30% Doray resources boosted by 30% Doray resources boosted by 30% Doray resources boosted by 30%

The Link Lode.

 
 
 
Even after a year of operations and 75,000 ounces of gold production, resources at Deflector grew 34% to 762,000oz, with the average grade surging 38% to 8.6 grams per tonne in part thanks to the average grade at the new Da Vinci resource of 13.5gpt.
 
While overall tonnages remain similar to 12 months ago, the increasing grade at Deflector has delivered the increase in contained gold.
 
Reserves were up 4% to 250,000oz despite depletion of 91,000oz and a writedown of 3000oz at Deflector and the now shuttered Andy Well project, with reserve grade up 6% to 5gpt. Copper reserves stand at 5000t.
 
The increases were primarily off the back of n...

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