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DRM - Doray Minerals

Discussion in 'Stocks 0-H' started by Joe Blow, Mar 26, 2010.

  1. Joe Blow

    Joe Blow Administrator

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    Doray Minerals Limited (DRM) is a dedicated mineral explorer formed in August 2009 for the purpose of acquiring and developing prospective mineral properties. The Company is focused on exploring for gold deposits in Western and South Australia and has assembled a portfolio of exploration properties.

    Sector: Materials
    Shares on Issue: 24,735,000
    Current Market Capitalisation: $5,441,700
    Website: http://www.dorayminerals.com.au
     
  2. prgudula

    prgudula Well-Known Member

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    Last Trade Today's Change Volume Trades Open Today's High Prev. Close Today's Low Trading Basis
    0.625 0.405 184.091% 44533855 4108 0.330 0.700 0.220 0.305 NR

    What a spectacular ride for a given day .... :)


    SPECTACULAR GOLD INTERSECTIONS FROM ANDY WELL
    · Very high-grade gold results from first four holes drilled at Andy Well
    · 12m @ 21.47g/t in MNRC001 from 16-28m including 8m @ 29.97g/t from 16-20m
    · 8m @ 62.53g/t in MNRC001 from 60-68m including 4m @ 120.71g/t from 60-64m
    · 9m @ 42.97g/t in MNRC003 from 45-54m including 3m @ 114.51g/t from 48-51m
    · 3m @ 5.22g/t in MNRC004 from 72-75m
    · Confirms historic intersections and identifies very high-grade quartz vein lode over
    almost 200m strike length
    Doray Minerals Limited (ASX: DRM, Doray) is very pleased to announce results from the first
    four holes of its maiden drilling programme at Andy Well, within the Meekatharra North Project in
    the northern Murchison Region of Western Australia.
    The programme was designed to confirm the grade and continuity of historic intersections at the
    Wilber prospect by previous explorers and to test the concept that the mineralisation is hosted in
    northeast trending structures.
    Doray’s Managing Director, Mr Allan Kelly, said the results from the maiden drilling program far
    exceeded expectations.
    “We were optimistic coming into the drilling program, given our knowledge of the area, but the
    results are quite incredible ”“ especially considering these are our first four drill holes,” said Mr
    Kelly.
    Figure 1 shows the location of the new drill holes in relation to previous drilling and Table 1 lists
    all significant intersections from the first four holes MNRC001-004. Results for the next six holes
    of the drilling program at Andy Well are awaited.
    The new results confirm the existence of a northeast trending zone of very high-grade gold
    mineralisation at Wilber characterised by sulphidised quartz vein with visible gold, hosted in
    sheared mafics. The new and historic drilling defines a zone of very high-grade gold
    mineralisation extending over 100m in a northeast-southwest direction with intersections
    including:
    · 10m @ 7.20g/t from 82-92m in MEKC63
    · 12m@ 21.47g/t from 16-28m in MNRC001; and
    · 8m @ 62.53g/t from 60-68m in MNRC001 (this announcement)
    · 2m @ 7.00 g/t from 92-94m in MEKC370
    · 3m@ 5.22 g/t from 72-75m in MNRC004 (this announcement)
    · 9m @ 42.97g/t from 45-54m in MNRC003 (this announcement)
     
  3. vincent191

    vincent191 Well-Known Member

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    I remember the days of Joe Gutnik of Endeavour mines (??) back in the 1960s. He used to release spectacular drilling results of one (1) hole and the share price would shoot up.

    One newspaper reporter commented that Joe had found a very rich "round" deposit of gold. The deposit is approxinmately the size and depth of the drill hole.....6" in diameter and 60 feet deep!!!

    If anyone can remember Joe, he came back after a trip to the holyland and claimed that God spoke to him and told him he is going to find a very large and rich gold deposit. He was reported to be telling everyone in the synagong of this revelation.
     
  4. burglar

    burglar Well-Known Member

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  5. sreeve

    sreeve Active Member

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    DRM chart update - some clear points of resistance overhead.

    [​IMG]


    ~ Scott
     
  6. piggybank

    piggybank Well-Known Member

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    Nice chart Scott;)

    HIGH-GRADE GOLD INTERSECTION EXTENDS SUZIE ZONE AND CONFIRMS ANDY WELL PROJECT UPSIDE

    Ӣ High-grade quartz lode intersected with horizontal underground diamond hole
    Ӣ Northern extension of Suzie Zone intersected - 0.5m @ 59.0g/t from 451.6mdh
    Ӣ Intersection approximately 1000 m north of existing drilling and 135m below surface
    Ӣ Confirms significant project upside at Andy Well and potential to increase mine life

    Doray Minerals Limited (ASX: DRM, Doray, the Company) is pleased to announce that the horizontal
    underground diamond drill hole testing the footwall sequence to the Wilber Lode has been successful in...

    If you wish to read more, you can do so by clicking on this link:-
    http://stocknessmonster.com/news-item?S=DRM&E=ASX&N=665487

    140130 - DRMs.gif
     
  7. piggybank

    piggybank Well-Known Member

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    It closed today at 98c (up 9% on the day) on very good volume. Investors must have been impressed with the announcement made to the market today - High-Grade Gold Intersection From Kirsty Zone.

    This report can be read by clicking on here
    :-

    http://stocknessmonster.com/news-item?S=DRM&E=ASX&N=667586

    140214 - DRMs.gif
     
  8. sreeve

    sreeve Active Member

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    My take on the DRM Chart (weekly) below.

    DRM now fallen 11 of last 12 weeks, breaking some key support lines. Technically the only real potential support area on the chart is around 40 cents when DRM last hit the area in June 2013. Hard to see on my small chart, but the last two weeks have shown some "tails" to the weekly candles indicating current buying support below 50 cents.

    [​IMG]

    ~Scott
     
  9. goccipgp

    goccipgp Active Member

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    DRM is waking up. Technical indicators at au stoxline show bullish across in MACD and Stochastics.
     
  10. pixel

    pixel Well-Known Member

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    Since taking control of Mutiny and bringing Deflector to production, Doray haven't looked back.

    DRM n 04-07-16.png

    Another breakout today (sadly, without me :mad:)
     
  11. pixel

    pixel Well-Known Member

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    $1 is a rather psychological hurdle. It may prove holding support, or we could see further downside to close one or both of the lower gaps.

    DRM gaps 21-07-16.png

    Having sold all my goldies but a few KDR, I am in no rush to jump back into the Yellow Sea.
     
  12. notting

    notting Well-Known Member

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    :vomit:

    Fallen through it's weekly 61.8 fib retrace and weekly 200 week moving average and falling and falling and falling.
    Market certainly did not like the last report.
    Not sure why other than it must have been expecting a lot more.
    They are well hedged for future downturn in gold price when fed hikes in September and seem to be run ok, and are not expensive compaired to other miners. Debt is in control, hence I was not short this particular goldie.:sly:
     
  13. Miner

    Miner Well-Known Member

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    I noticed the hedged price of DRM is much lower than some of its competitors similarly AISC for DRM is above than few of the competitors.
    Where most of gold shares gone up, DRM behaviour is not aligned.
    watching for further down fall to enter .
     

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