Doray Minerals Limited has announced it has entered into a farm-in Agreement with Rox Resources Limited to explore the highly prospective and underexplored Mount Fisher Gold Project which is located in the north-eastern Goldfields of Western Australia.
The Mt Fisher farm-in represents another strategic exploration project for Doray, with a large contiguous land package over an underexplored greenstone belt with already identified gold mineralisation, and adds to its highly prospective Horse Well JV and Western Gawler farm-in in South Australia.
Doray’s Managing Director, Allan Kelly, said Mount Fisher represented a very attractive exploration opportunity for Doray, given the many similarities with the multi-million ounce Agnew-Lawlers gold camp, and its relative lack of recent systematic exploration.
“We believe, given the geology, structural setting and results achieved to date, that there is the potential for discovery of a significant gold deposit within the Project area and we look forward to working with Rox to advance the Project,” he said.
- Doray to explore highly prospective Mount Fisher Gold Project in north-eastern Goldfields through Joint Venture with Rox Resources
- Doray can earn up to 75% of the gold prospective tenements at Mount Fisher through expenditure of $10M within 5 years
- Mount Fisher represents an underexplored greenstone belt with similar geology and structural settings to the multi-million ounce Agnew-Lawlers gold camp.
- Farm-in expands Doray’s gold exploration portfolio in the north-eastern Goldfields region of WA
The Mount Fisher Gold Project
The Mount Fisher Gold Project is located in the north-eastern goldfields region of Western Australia, approximately 230km north of the town of Leonora. The project comprises a number of exploration tenements covering approximately 480 square kilometres, within the underexplored Mt Fisher greenstone belt. This belt is located 40km east of the prolific Yandal greenstone belt, host of significant gold deposits such as Jundee, Bronzewing and Mt McClure.
Read the full ASX announcement here.