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Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Christmas | |
| Location: | Australia | |
| Commodities: | Gold-Nickel-Silver | |
| Date: | 2/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2020: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Christmas deposit at the Yandal project. Drilling results incl. 10m @ 0.36g/t Au from 182m. Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that geochemical assay results from the 2019 maiden RC drilling programme on the Company’s 100% owned Yandal Gold Project (‘the Project’) (Figure 1) have confirmed that drill hole TERC13, located at the western limits of the Christmas Target Area (Figure 2), intersected both nickel (Ni) in sulphides and gold (Au) at the contact of a komatiite-ultramafic and a granite from 177m downhole (see Figure 3). Nickel sulphides were intersected over at least 3m starting at the base of a Komatiite-ultramafic where fingers of massive sulphide were found in drill chips over 1m from 177m downhole (Figure 3). The bulk geochemistry of the 1m that contained the fingers of massive sulphide returned 0.38% nickel and 6% sulphur (S) (see Appendix 1 for table of all results referred to in this ASX announcement and the Company’s ASX announcement of 13 November 2019 for drill hole details of the 2019 RC drilling campaign). Further, hand held portable XRF (hh_pXRF) analysis of chips of the massive sulphide showed they may contain up to 1.7% nickel locally (see Appendix 2 for hh_pXRF certified standards checks). | |
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