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Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Golden Ways | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2020: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Golden Ways deposit at the Yandal project. Drilling results incl. 8m @ 0.65g/t Au from 97m. Toro Energy Limited (ASX: TOE) (“Toro”, the Company’) is pleased to announce th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (“Toro”, the Company’) is pleased to announce that assay results from the 2019 maiden RC drilling programme, at the Company’s 100% owned Yandal Gold Project (‘the Project’) (Figure 1), along with detailed surface mapping, have confirmed that a major quartz vein gold system has been intersected in Toro’s first drill holes in the Golden Ways Target Area (Figures 2 and 3). Toro Executive Chairman, Richard Homsany, commented: “The drill results from our maiden drill programme at Golden Ways, Yandal Gold Project, demonstrate the significant opportunity presented by the Project in this high yielding district, and its potential to contain several vein hosted gold deposits. We look forward to further high grade results, with an extensive exploration programme currently being planned for 2020.” Four reverse circulation (‘RC’) drill holes were completed for a total of 792m in Toro’s maiden drill programme at Golden Ways. Drill holes TERC09, TERC10 and TERC11 aimed to test anomalies and alteration from historical drilling, while TERC12 aimed to test a large outcropping quartz vein that was prominent at the surface for over 500m and contained a number of shallow historical workings. During the drilling campaign Toro also undertook detailed surface mapping around the Golden Ways Target Area, and further south across the entire exploration tenement, E53/1211, that incorporates Golden Ways in its north (refer to Figure 3). | |
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