JOHANNESBURG (miningweekly.com) – Western Australian gold miner Doray Minerals is in the early stages of potentially defining a new orebody at its Deflector mine, MD Leigh Junk said on Friday, as the company reported the results of follow-up drilling at Deflector North.
Junk reported that the company had encountered “bonanza grades, visible gold and massive chalcopyrite in the drill core” during a diamond drilling programme at the newly discovered extension to the Deflector orebody.
The follow-up drilling was designed to test below hole DEDD031 and an additional 40 m along strike to the northeast. A total of four diamond drill holes have been drilled to date, two of which have intersected significant visual mineralisation.
Hole DEDD045 has intersected multiple zones including 1.4 m at 106.2 g/t gold and 4.4% copper from 166.1 m.
Drilling is continuing with a diamond rig currently drilling the next step-out section.
Doray gained 8% on the ASX on Friday to close at A$0.21 a share.