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- Toro Energy (TOE) has intersected 2.6 metres of massive nickel sulphides in hole TED04 at the Dusty nickel-gold prospect
- Dusty is part of the Yandal Gold Project which lies in the Yandal Greenstone Belt of Western Australia
- Interestingly, the Yandal Greenstone Belt and is not typically known for nickel sulphides
- Portable x-ray fluorescence analysis suggests graded of between two and six per cent nickel
- This second hole was drilled 40 metres southeast of hole TED03 which recently intersected 15-centimetres of massive nickel sulphides
- Company shares are up a healthy 25 per cent and trading for 1.3 cents each
Toro Energy (TOE) has intersected 2.6 metres of massive nickel sulphides at the Dusty nickel-gold prospect, which is part of the Yandal Gold Project.
Diamond hole, TED04, intersected the 2.6 metres of massive nickel sulphides from 184.5 metres downhole and potentially grading between two and six per cent nickel according to a portable x-ray fluorescence (pXRF) analysis.
TED04 was positioned roughly 40 metres southeast of the first hole, TED03, which recently intersected 15 centimetres of massive nickel sulphides.
Toro drilled TED04 to test the rock unit hosting the 15 centimetre massive nickel sulphide intersection in TED03 for a thicker intersection along strike to the southeast.
“We are delighted to report this result which proves the potential for mineralisation at our Yandal Project. Intersecting 2.6m of massive sulphide potentially grading between 2 and 6 per cent (as suggested by hand held portable xrf) is an excellent result,” Executive Chairman, Richard Homsany said.
Strategically, the project is located about 50 kilometres east of the world-class Mt Keith Nickel Deposit and 15 kilometres northeast of the world-class Bronzewing Gold Mine.
Toro is particularly pleased by the intersection of massive nickel sulphides as the Yandal Greenstone Belt is not typically known for nickel sulphides.
“The excellent work of our exploration team led by Dr Greg Shirtliff is increasingly upgrading and unlocking the potential that exists on Toro’s tenure. We look forward to providing further updates as our drilling campaign progresses,” Richard said.
The drill core from TED04 is currently being processed for geochemical sampling and analysis.
Company shares are up a healthy 25 per cent and trading for 1.3 cents each at 12:24 pm AEST.
