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More information about Andy Well
The Andy Well gold project (Doray 80%) is located approximately 45km north of Meekatharra, in the Murchison region of Western Australia.
In March 2010, Doray announced the discovery of the very high-grade Wilber Lode, a quartz gold lode within sheared basalt. Then, in February 2011, Doray announced a maiden high-grade JORC-compliant gold resource for the Wilber Lode down to depth of approximately 230m below surface.
The grade of the Wilber Lode resource makes it one of the highest grade gold deposits in Australia.
Doray’s extensive program of RC and Diamond drilling at Andy Well delivered ongoing high-grade results for the Wilber and Judy zones, and in December 2011 the Company announced a 90% increase to the maiden high-grade resource announced in February, less than 12 months after the discovery of the deposit.
The combined Inferred and Indicated resource for the Wilber Lode and two associated quartz vein lodes now totals 691,000t @ 14.8 g/t for a total of 329,000 contained ounces.
The resource has now been defined to a depth of approximately 480m below the surface and remains open at depth. Importantly, the Wilber Lode resource includes all contained material within the quartz vein, with no lower cutoff used.
In addition, the previously published oxide shear zone resource has been re-estimated to 115Kt @ 0.7g/t for 3,000oz. This shear zone resource is found immediately adjacent to and surrounding the Wilber Lode and is limited to the oxide zone. The combined Andy Well resource, including all quartz vein and shear zone domains now totals 806,000t @ 12.8g/t for a total of 332,000 ounces.
The substantially increased resource confirms the Wilber Lode as a very significant high-grade gold deposit and, more importantly, give Doray the added confidence to push ahead with its current development activities. The Board and Management believe that further drilling has the potential to again increase the resource.
Drilling continues at Andy Well with:
- Diamond drilling of a number of additional holes at Wilber to lift the status of the inferred resources and continue to test the extents of the open ended resource
- RC drilling to test the potential for extensions of the Wilber Lode, as well as a number of nearby additional target
- Aircore drilling of a number of other high priority targets.
Wilber is just one of several identified parallel target shear zones within the Andy Well project area and the Company will drill 70,000m in the wider Andy Well area in the coming months.
Doray is confident that Andy Well has the potential to be a significant high-grade high-margin gold producer. Project development activities geared toward the commencement of mining at Wilber have commenced and further work will be carried out simultaneously with continued exploration.
Figure 1 - Andy Well Project Exploration
Target Map with Drill Coverage
Target Map with Drill Coverage
Figure 2 – Wilber Lode Long Section