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Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Christmas | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-2-2020: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Christmas deposit at the Yandal project. Drilling results incl. 52m @ 0.042g/t Au from 152m. Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to advise | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to advise that geochemical assay results from the 2019 maiden RC drilling programme on the Company’s 100% owned Yandal Gold Project (‘the Project’), shows that drill hole TERC06 intersected continuous gold anomalism for 52m from 152m downhole, including 3 x 4m intervals of over 0.1g/t Au (see Figure 1 and below for further information). As TERC06 was the only hole that successfully penetrated the basement in the immediate area, the anomalous zone remains untested in all directions. This is significant for gold exploration on the Project, especially considering TERC06 is the only hole drilled so far to test beneath a top of basement gold anomaly discovered in the 2018-19 aircore drilling that extends for some 1.3km. Follow-up drilling is currently being planned for 2020. The Yandal Gold Project is located within the world class gold district, the Yandal Greenstone Belt, less than 35km NE of the multi-million ounce Bronzewing Gold Mine (Figure 1) and presently comprises various prospective Target Areas. | |
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