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Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Shadow Rock | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-12-2019: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Shadow Rock deposit at the Yandal project. Drilling results incl. 52m @ 0.016g/t Au from 91m. Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) wishes to advise th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) wishes to advise that all the geochemical assay results from the Company’s maiden RC drilling programme within the Shadow Rock Target Area on its 100% owned Yandal Gold Project (‘the Project’, refer to Figure 1) have been returned from the laboratory and finalised. Toro is pleased to announce that the final geochemistry results confirm that drilling at Shadow Rock has intersected a large, previously unidentified, sulphide bearing shear zone containing anomalous gold and in geology favourable for gold mineralisation. The Company is encouraged by these results, considering the 2019 RC drilling programme was the first ever drilling to depth into the basement geology in the Shadow Rock area (Figure 2). A total of 5 RC drill holes for 912m were completed within the Shadow Rock Target Area in OctoberNovember this year (see drill hole table in the Company’s ASX announcement of 25 October 2019). Four of the holes were aimed at penetrating fresh rock approximately 50m beneath a number of top-ofbasement gold anomalies discovered from the aircore drilling programme completed earlier in the year (refer to the Company’s ASX announcement of 30 July 2019). A fifth hole was drilled outside the plan to test if the sulphides intersected in the previous four holes dissipated away from a major NE trending regional structure further to the south, which was shown not to be the case. | |
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