Image sourced ShutterStock
Market Herald logo


Be the first with the news that moves the market
  • A 1.7 kilometre long and 500 metre wide gold anomaly has been discovered at Toro Energy’s Yandal Gold Project
  • The gold anomaly, named Shadow Rock, is located along the regional northeast trending structure that cuts across the entire Yandal geology
  • Toro is already planning the next stage of exploration for the Yandal Project

Explorer Toro Energy that drilling at its Yandal Gold Project has uncovered a 1.7 kilometre long gold anomaly.

This new target area, called Shadow Rock, is located along the regional northeast trending structure that cuts across the entire Yandal geology.

The Yandal Gold Project is located within the world class gold district of the Yandal Greenstone Belt. This is less than 53 kilometres northwest of the multi-million ounce Bronzewing Gold mine.

A first-class air core drilling program was recently completed at Yandal which consisted of 269 holes for 19,926.5 metres.

Air core drilling is usually undertaken in areas of little historical exploration and was used at Yandal to collect samples from the unknown basement rock geology.

Shadow Rock was uncovered during the final phase of the first-pass air core drilling program. It is located 11.7 kilometres south of the Christmas and November Rain deposits.

It measures 1.7 kilometres in length and 500 metres in width. However, it is completely open to the south and along most of the north.

The anomaly is represented by 15 drill holes and has a peak gold concentration of 0.08 grams of gold per tonne over 3 metres from 60 metres.

But the southern end of the anomaly represents a zone of peak concentration measuring 300 metres wide and 600 metres long.

There are strong indications that the gold is related to hydrothermal activity often related to gold deposits with pyrite and hematite alteration.

The pyrite mineralisation stretches over 1.5 kilometres with the gold anomalism.

Toro considers Shadow Rock to be highly prospective for gold mineralisation at depth.

Adding to the prospectivity, it is also located within favourable geology and is associated with strong hydrothermal alteration which is often associated with ore deposits.

Toro is currently planning the next phase of exploration at its Yandal Gold Project.

TOE by the numbers
More From The Market Herald
Essential Metals (ASX:ESS) - Managing Director, Tim Spencer

" Essential Metals (ASX:ESS) rides lithium boom with sale of Mavis Lake

Essential Metals (ESS) is looking to capitalise on the current “strong interest in lithium,” inking a deal to sell its stake in the
Poseidon Nickel (ASX:POS) - MD and CEO, Peter Harold

" Poseidon Nickel (ASX:POS) reports latest results from Tundra-Mute

Poseidon Nickel (POS) has provided an update on exploration activities within its Black Swan project in Western Australia.

" Anova Metals (ASX:AWV) begins drilling at Big Springs

Anova Metals (AWV) has begun the 2021 reverse circulation (RC) drilling program at its Big Springs gold project in Nevada.
Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic

" Raiden Resources (ASX:RDN) completes tenement acquisition

Raiden Resources (RDN) has completed the acquisition of the nickel-copper-platinum group element (PGE) tenements adjacent to its Mt Sholl project.