Doray includes Suzie to increase Andy Well Resource

THE DRILL SERGEANT: Doray Minerals (ASX: DRM) has released a maiden high-grade Resource for the Suzie Zone, situated within the company’s Andy Well gold project in the northern Murchison region of Western Australia.

The Suzie Zone is located parallel to the operating Wilber Lode underground mine and the Judy Lode, which is on scheduled to commence underground mining in the not-too-distant future.

The Suzie Zone Resource is the third high-grade gold deposit Doray has defined at Andy Well since its discovery of the high-grade Wilber Lode gold deposit in 2010.

The Indicated and Inferred Resource for the Suzie Zone comprises 468,000 tonnes at 8.1 grams per tonne gold for 123,000 contained ounces.

The Andy Well Resource inventory has now been increased to over 500,000 ounces from three deposits.

With the inclusion of the recently-acquired high-grade Deflector gold-copper-silver deposit, the total Doray Resource inventory is now over 1.1 million ounces.

“This high-grade Resource at Suzie takes the total Andy Well Resource to over half a million ounces for the first time, in addition to the production of about 130,000 ounces so far, and is further evidence of the mine life upside at Andy Well with systematic exploration,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“When combined with the newly acquired Deflector deposit, Doray now has over one million ounces at almost 8 grams per tonne, a fantastic high-grade Resource Inventory.”

Doray indicated ongoing resource Extension Work at Andy Well is to include near-mine exploration, with a view to continuing to replace Resources depleted due to mining and to extend the known mine life.

Underground drilling is currently underway to test below the current base of the Wilber Mineral Resource, above deep intersections encountered by Doray last year.

The company also flagged underground drilling underneath the current Judy Resource area, which will be undertaken early in the 2016FY as access is gained from the Judy link decline.

Having completed the calculation of the maiden Mineral Resource at Suzie, Doray has engineering evaluation work underway to evaluate the potential for small scale open pit mining, scheduled to complement the current stage 2 open pit campaign at Wilber.

In anticipation of a positive outcome from those studies, Doray has commenced required permitting for open pit mining at Suzie.

Further evaluation work will be carried out to evaluate the potential for underground mining of the deeper sections of the Suzie Lode.

Email: info@dorayminerals.com.au

Website: www.dorayminerals.com.au