Doray Minerals maiden at Gnaweeda lifts Andy Well inventory

THE DRILL SERGEANT: Doray Minerals (ASX:DRM) has increased the gold inventory at the company’s Andy Well gold mine with the announcement of the estimation of a maiden Mineral Resource for the Turnberry prospect, located within the Gnaweeda project.

The Turnberry prospect is located approximately 15 kilometres south east of the Andy Well gold project, in the northern Murchison region of Western Australia.

Doray is exploring the Gnaweeda project for gold mineralisation it hopes could be potentially treated at the Andy Well gold processing facility.

The Inferred Mineral Resource for Turnberry totals 4.6 million tonnes at 1.8 grams per tonne gold for 266,000 contained ounces.

Doray explained the initial Resource estimate has been based on a bulk‐mining interpretation of the overall mineralised trend at Turnberry.

The company indicated there to be other higher-grade zones within this interpretation, where several intersections – such as 7m at 41.3g/t gold – previously reported.

These, however, have not been included at this stage due to lack of supporting data.

Doray said it anticipates further RC and diamond drilling about to be commenced at Turnberry will increase the confidence in these higher grade zones.

“Gnaweeda has the potential to provide an additional ore source within trucking distance of the Andy Well processing plant,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“The maiden resource of 266,000 ounces at Turnberry is further proof of the exploration potential of Doray’s tenement holdings within trucking distance of Andy Well.”

Doray recently increased its ownership of the project to 100 per cent and has also recently purchased a legacy 1 per cent NSR Royalty that applied to the Gnaweeda tenements from JA Bunting and Associates, for consideration of $40,000 cash and 65,000 DRM shares.

Website: www.dorayminerals.com.au