Doray Minerals Limited (ASX: DRM) issued a media release announcing the official opening of its 100%-owned Andy Well Gold Project (Andy Well, the Project) in northern Murchison region of Western Australia.
The Andy Well Gold Project is the first new gold operation in the Murchison region in over 10 years.
The Hon Bill Marmion MLA, Minister for Mines and Petroleum, officiated the ceremony marking the important achievement in Doray’s four-year history and the first gold operation in the Murchison region in over ten years.
Mr. Allan Kelly, Doray’s Managing Director, thanked Mr. Marmion and everyone involved in the growth of the Company, as well as its transition to gold producer.
“We wouldn’t be celebrating this achievement today without the sustained efforts of our contractors, consultants and staff, and the support of shareholders over the last three and a half years,” said Mr. Kelly.
“Particular attention was paid to ensure we met key objectives on time and, more often than not, under budget to reach today’s milestone,” he added.
Doray quickly proved itself to be a high-grade and low-cost gold producer after achieving its first gold pour in August 2013. This was confirmed by the results from the September quarterly report.
“The quality and high-grade nature of the Wilber Lode proves there are quality deposits still to be discovered in our vast, resource-rich State of Western Australia and that good projects can come to fruition with determination, innovation, cooperation and expertise,” said Mr. Kelly.
“This is the beginning of a new chapter in Doray’s story with at least two additional high-grade lodes discovered parallel to the Wilber Lode indicating the potential to extend the mine life past the initial 3.7 years indicated in the BFS.”
Mr. Kelly also said that the company is looking forward to the exploration of Andy Well and the development of further resources in the near future.