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  • Toro Energy (TOE) receives further results from the recently completed diamond drilling program at the Dusty 1 nickel discovery, located within the Dusty Nickel Project
  • Drilling has intersected a 5.8 metre zone of visible nickel sulphides from 186 metres downhole in diamond drill hole TED22
  • While drill hole TED21 intersected 3.7 metres of visible nickel sulphides from 186 metres
  • Geochemical sampling of TED21 and TED22 is underway and assay results will be announced once they are returned
  • On the market today, Toro is up 4.55 per cent and trading at 2.3 cents per share

Toro Energy (TOE) has received further results from the recently completed diamond drilling program at the Dusty 1 nickel discovery, located within the Dusty Nickel Project.

Drilling has intersected a 5.8-metre zone of visible nickel sulphides from 186 metres downhole in diamond drill hole TED22 and 3.7 metres of visible nickel sulphides from 186 metres downhole in diamond drill hole TED21.

TED22 targets a position about 20 metres down-dip to the northeast of the massive sulphides intersected in TED07. While TED21 targeted a position about 12 metres to the southeast of the massive nickel sulphides intersected in TED04.

Lens of massive nickel sulphide intersected in TED22. Source: Toro Energy

Notably, handheld spot analysis by portable X-ray fluorescence (XRF) instrument suggests local nickel concentration in TED of between 2.6 and 5.4 per cent nickel.

The presence of blebby nickel sulphides above the massive nickel sulphides were also confirmed using the XRF.

To date, all drill holes at Dusty 1 have intersected massive nickel sulphides of some description and thickness and all spread over a local area of about 50 metres long strike.

TED21 and TED22 are the first holes drilled at Dusty 1 since TED11 in 2020.

“The Dusty 1 discovery is an area with a significant concentration of komatiite hosted massive nickel sulphide,” the company told the market.

“The nickel sulphide zone remains open at depth and along strike to the NW. The nickel sulphides may also continue up-dip towards the base of the overlying paleochannel.”

Geochemical sampling of TED21 and TED22 is underway and assay results will be announced once they are returned, at which point further details of the drill holes will also be available.

On the market today, Toro was up 4.55 per cent and is trading at 2.3 cents per share at 11:22 am AEDT.

TOE by the numbers
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