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.