Doray jumps on drilling results

Doray Minerals' stocks have jumped after it revealed drilling programs at its Andy Well gold project had significantly added to the depth and strength of the project's high-grade Wilber Lode.

At 1:11PM (WST) Doray's stocks had gained 7.5 per cent to trade at 71 cents.

Doray said that diamond drilling at Andy Well had intersected mineralised quartz lode with visible gold at 390 metres down-hole, increasing the depth extent of the Wilber Lode by 140 metres.

Diamond drilling to the south of the existing resource also intersected high-grade gold, with 0.5m at 36.6 grams gold per tonne and 1.95m at 34.61g/tonne discovered.

"These results are extremely important for Doray as they show that the Wilber Lode continues with consistent thickness at depth well beyond the current resource and also potentially extends further to the south, towards the Wilber South mineralisation," Doray managing director Alan Kelly said.

"As we continue to drill out the deposit, it is becoming more obvious that we have only scratched the surface in determining the true scale of the opportunity at Wilber and the wider Andy Well property."

Doray said the drilling program at Wilber continues.