- Toro Energy (TOE) has intersected up to 65.6g/t gold from its Golden Ways target area in the Yandal Gold Project
- This result comes from a 20 hole program that was completed in November 2019
- This finding shows that Golden Ways has the potential to intersect high-grade gold
- The company is now planning a follow-up exploration program at Golden Ways to further test the area
- Toro is up a strong 40 per cent and shares are trading for 0.7 cents each
Toro Energy (TOE) has intersected up to 65.6g/t gold from its Golden Ways target area in the Yandal Gold Project.
In November 2019, approximately 20 rock chip samples were collected from sub-cropping and outcropping quartz veins at Golden Ways.
Samples were collected from mapping so only one sample was generally obtained from each quartz vein.
The rock chips were then sent to the laboratory for multi-element geochemical analysis.
Toro concluded that only 13 of the samples were anomalous for gold and only four of the 13 were especially significant.
These results include 65.6g/t gold, 2.06g/t gold, 1.69g/t gold, and 0.2g/t gold and he remaining nine rock chips all contained around 0.01g/t gold.
The four samples that returned the significant results all came from different areas around Golden Ways.
Sample YGP_R04, which returned 2.06g/t gold, was from the north-northwest trending quartz that has previously intersected a best result of 2.3g/t gold.
Sample YGP_R09, with the result of 65.6g/t gold, was taken 700 metres north-northeast of YGP_R04.
Sample YGP_R05, 1.65g/t gold, was located 180 metres to the northeast of YGP_R04 and the final sample, YGP_R10, 0.2g/t gold, was collected one kilometre north-northwest from YGP_R04 from an outcropping quartz vein.
These four anomalous gold results outline that the entirety of Golden Ways is prospective for quartz vein hosted gold deposits and the potential exists for high-grade gold to be intersected.
Currently, Toro is planning a follow-up exploration program at Golden Ways to further test the quartz vein gold systems.
“We are very pleased with the assay results received for the limited number of surface rock chip samples collected during our geological mapping at Golden Ways last year,” Executive Chairman Richard Homsany said.
“Furthermore, an outstanding result of 65g/t gold in one of the samples confirms the potential for very high grade gold. The 2020 exploration program is currently being planned and we are enthusiastic about the results of any further work at Golden Ways,” he added.
Toro is up a strong 40 per cent and shares are trading for 0.7 cents each at 2:43 pm AEDT.