Gold miner Doray Minerals has announced a 149 000 oz increase to the Andy Well resource inventory.
The company attributed the increase to the significant extensions to the Wolber Lode and the addition of the maiden Suzie Lode resource.
According to the company’s ASX Announcement, total resource delineated, while the Andy Well Reserve has been maintained at approximately 210,000 ounces, despite production of approximately 89,000 ounces in the financial year ending 30 June 2015.
Doray’s Managing Director, Mr Allan Kelly, said the new Andy Well Mineral Resource, when combined with the cumulative production to date, now totals approximately 750,000 ounces, confirming Doray’s Andy Well discovery as a significant new high-grade gold camp.
“When we made the Wilber lode discovery back in 2010, we thought there was potential for an initial 250,000 ounce gold discovery and that, over time, the Andy Well Project had potential to become a new 1 million ounce gold camp,” said Mr Kelly.
“We have now shown that the project is well on its way to reaching that milestone.”
Doray also said that the addition of the recently acquired Deflector project to Doray’s portfoloio took its total resource inventory to 1.18 million ounces at 7.7 g/t gold and 27 000 tonnes of copper.
Doray Minerals is an Australian-based high-grade gold producer, developer and explorer with substantial exploration upside.
Doray controls two high-grade Western Australian gold assets – the operating Andy Well Gold Project (Andy Well) and the development-ready Deflector Gold Project (Deflector).
The Andy Well Gold Project in the northern Murchison region of WA was officially opened 2 years ago.
Click here for the full Resource and Reserve estimate.