Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Toro Energy (TOE) intersects further nickel sulphides at the Dusty One nickel discovery within its Dusty nickel project in Western Australia
  • The company received geochemical assays from drill core samples, which showed nickel sulphides grading 1.05 per cent nickel and 0.26 per cent copper
  • Drilling will continue at the Dusty nickel project, focusing on the Dusty One and Dusty Two nickel sulphide discoveries, plus further exploration along the Dusty Komatiite
  • Toro Energy climbs 5.26 per cent, trading at 2 cents per share at 11:30 am AEST

Toro Energy (TOE) has intersected further nickel sulphides at the Dusty One nickel discovery within its Dusty Nickel project in Western Australia.

The company received geochemical assays from drill core samples, which showed nickel sulphides were intersected over 7.2 metres, starting from 252.2 metres downhole and grading 1.05 per cent nickel and 0.26 per cent copper.

This included 0.7 metres of massive nickel sulphides at 3 per cent nickel, 0.23 per cent copper and 0.1 per cent cobalt from 255.2 metres downhole.  

Executive Chairman Richard Homsany said the results validate Toro’s current diamond drilling program.

“Given the success of the results to date, and how early nickel was discovered in its drill program, Toro is confident it is well poised to continue upgrading the resource potential of its Dusty Nickel Project in the short to medium term,” Mr Homsay said.

“Toro looks forward to providing further updates from the diamond drilling campaign currently in progress.”

The company said drilling will continue at the Dusty nickel project, focusing on the Dusty One and Dusty Two nickel sulphide discoveries, plus further exploration along the Dusty Komatiite.

Toro Energy climbed 5.26 per cent, trading at 2 cents per share at 11:30 am AEST.

TOE by the numbers
More From The Market Herald
Atomos (ASX:AMS) CEO Trevor Elbourne. Source: Atomos

" Atomos (ASX:AMS) reports record FY22 sales following strong Q4

Atomos (ASX:AMS) Q4 results boost FY22 unaudited revenue to in excess of $82 million.
The Market Herald Video

" Laneway Resources (ASX:LNY) reports further high-grade gold at Agate Creek

Laneway Resources (ASX:LNY) has continued to report high-grade gold assays from the Sherwood and Sherwood West…
The Market Herald Video

" Altech (ASX:ATC) partners with IKTS to fast-track Silumina Anodes qualification

Altech Chemicals (ASX:ATC) has executed a framework agreement with Fraunhofer IKTS to expedite the testing and…
The Market Herald Video

" Genesis Minerals (ASX:GMD) to merge with Dacian Gold (ASX:DCN) via takeover offer

Genesis Minerals (ASX:GMD) is looking at acquiring fellow ASX-listed materials stock Dacian Gold (ASX:DCN) for an…