Market Herald logo


Be the first with the news that moves the market
  • Toro Energy (TOE) has discovered massive sulphides at the Yandal Gold Project in Western Australia
  • The massive sulphides could indicate Volcanogenic massive sulphide (VMS) formations at the site, which are often accompanied by strong base metal mineralisation
  • Specifically, the company believes the type of sulphur intersected could signify copper, zinc, gold and silver mineralisation at the site
  • As a result, Toro is considering volcanogenic massive sulphide base metal deposits in its upcoming 2020 exploration plans
  • Toro Energy is trading flat on the market today, with shares trading for one cent each

Toro Energy (TOE) has discovered massive sulphides at its Yandal Gold Project in Western Australia.

After analysing results from the site’s first reverse circulation drill program, the company has confirmed the presence of sulphide, which could indicate volcanogenic massive sulphide (VMS) deposits.

Such deposits have been found throughout the Yilgarn region, where Yandal is located, and are often accompanied by strong base metal mineralisation. 

Previously, Toro reported gold assays from the program, including 3.18 grams per tonne of gold across one metre. Further study of this assay has revealed the core also contained 19.7 per cent sulphur over one metre. The company stated the type of sulphur is in line with VMS mineralisation.

That same hole also returned assays of 0.14 per cent copper and 0.08 per cent zinc.  Concentrations of arsenic, silver, tin, bismuth, cadmium, selenium and tellurium were also discovered. 

Three other holes also reported similar massive sulphide base-metal readings.

Based on the type of mineralisation seen here, the company believes the site could be prospective for copper, zinc, gold and silver. 

Toro Executive Chairman Richard Homsany said this was a very exciting development at Yandal.

“It further validates the project as highly prospective and underexplored tenure in a well-proven mining district. In only the very early stages of exploration Toro has already uncovered prospectivity for gold, nickel and now base metals,” Richard explained.

“We will now consider VHMS base metal mineralisation in our exploration plan for 2020 and look forward to updating shareholders soon,” he said. 

As a result, Toro is integrating these new findings into its 2020 drill program to further explore the potential VMS deposits at Yandal.

Toro Energy is trading flat on the market today, with shares trading for one cent each at 11:25 am AEST.

TOE by the numbers
More From The Market Herald
AusQuest (ASX:AQD) - Managing Director, Graeme Drew

" AusQuest (ASX:AQD) gets green light to drill at Los Otros

AusQuest (AQD) has been granted permits to begin drilling at its Los Otros Porphyry Copper Project in southern Peru.

" Albion Resources (ASX:ALB) eyes maiden drilling program at Lennard Shelf

Albion Resources (ALB) has received heritage clearance for its maiden drilling program at Pilbara East which is expected to kick off this month.
Sunshine Gold (ASX:SHN) - Managing Director, Damien Keys

" Sunshine Gold (ASX:SHN) confirms copper-molybdenum system at Titov

Sunshine Gold (SHN) has confirmed a large-scale copper-molybdenum system at the Titov prospect at Ravenswood West.
Sunrise Energy Metals (ASX:SRL) - CEO, Sam Riggall

" Sunrise Energy Metals (ASX:SRL) advances self-titled battery project

Sunrise Energy Metals (SRL) spent much of the September quarter focused on progressing its Sunrise Battery Materials Project in NSW.