Doray Minerals identifies new high-grade gold deposits

Company News

by Jessica Ellerm

 
Doray Minerals Limited (ASX:DRM) has announced it has identified wide zones of high-grade gold mineralisation at its Turnberry prospect.
 
The find is part of Doray’s 100 percent owned Gnaweeda project.
 
Doray is now exploring whether the deposits could be treated at the nearby Andy Well gold processing facility.
 
Managing Director Allan Kelly has indicated the first step towards eventual production will be a maiden resource estimation and preliminary metallurgic test work. 
 
Doray Minerals Limited reported a net profit of $14.5 million at 31 December 2015.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.