DEFLECTOR PROJECT UPDATE AND PRODUCTION GUIDANCE

 

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Doray Minerals Ltd (ASX: DRM, Doray, the Company), is pleased to provide a further update in regards to progress at the Company’s Deflector Gold Project (“Deflector”) in Western Australia. Production of gold bullion and gold‐copper‐silver concentrate recently commenced at Deflector, approximately 14 months after the acquisition of the project by Doray.

Open Pit Mining

Mining of the West and Central Lode open pit is continuing with the current open pit now approaching 70% complete with an increasing build‐up of ore hauled to the ROM pad. Significant stockpiles of both oxide and transitional ores estimated to contain over 10,000oz of gold have now been accumulated on the ROM.

Grade control drilling is in progress to establish the potential for additional oxide ore at the southern end of the pit.  Depending on the size of the extension, this material could be mined and processed in the short term or stockpiled for processing at a later date.

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