Doray Minerals (ASX:DRM) announced it poured its first gold bar at its 100%-owned Andy Well project in Western Australia. The first bar contained 144 ounces of gold for a total value of approximately $200,000. It’s impressive Doray was able to start gold production in less than 4 years since the discovery of the Andy Well project, back in 2010.
This cash flow will enable Doray Minerals to continue exploration at its Andy Well project which now also includes the high-grade Judy Lode resource estimate, which extends the life of mine.
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Disclosure: The author holds no position in Doray Minerals. Please see our disclaimer for current positions.
