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  • Toro Energy (TOE) is set to extend the moving loop electromagnetic (MLEM) survey at its Yandal Gold Project to include the Golden Ways prospect
  • The surveying has so far been easier — and cheaper — than expected, with ground accessibility proving to be less of a hurdle than previously thought
  • The extended survey will test if the previously intersected massive sulphides are conductive and can be mapped by ground MLEM methods
  • If there are indications of conductive massive sulphides at Golden Ways, this will assist in mapping the prospect and accelerating target generation
  • Toro Energy is trading grey today at 0.9 cents per share

Toro Energy (TOE) is set to extend the moving loop electromagnetic (MLEM) survey at its Yandal Gold Project to include the Golden Ways prospect.

Previous drilling at Golden Ways indicated a geochemical signature, suggesting potential links to a volcanogenic–hosted massive sulphide (VHMS) base metal mineralising system.

The extended survey will test if the massive sulphides intersected are conductive and can be mapped by ground MLEM methods.

A promising prospect

The Yandal Project, located in the Yandal Greenstone Belt, is around 50 kilometres east of the Mt Keith nickel deposit and 15 kilometres northeast of the four million-ounce Bronzewing Gold Mine.

Geochemical anomalies at Golden Ways including copper, zinc, arsenic, silver and tin, among others, show quite similar indications to the VHMS–related base metal deposits of the Yilgarn’s Murchison Province.

So far, ground-based MLEM surveying has concentrated on the Dusty nickel-gold discovery and the Yandal One nickel prospect.

Easy access

The surveying has so far been easier — and cheaper — than expected, with ground accessibility proving to be less of a hurdle than previously thought.

This has allowed Toro to extend the MLEM survey to Golden Ways earlier than planned, while still coming in on budget.

The limited survey will consist of two MLEM lines with 100-metre stations running east to west over the previous drill holes.

If there are indications of conductive massive sulphides at Golden Ways, this will assist in mapping the prospect and accelerating target generation — and be another positive step for the company in expanding the mineralised footprint at Yandal.

Toro Energy is trading grey today at 0.9 cents per share as at 11:20 am AEST.

TOE by the numbers
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