For thousands of other reports visit RSC's Mineral Intellingence Map
Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Yandal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2019: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Yandal deposit at the Yandal project. Drilling results incl. 2m @ 49ppb Au from 116m. Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to advise that it | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to advise that its geological review of the first-pass aircore exploration drilling for gold on the Company’s 100% owned Yandal Gold Project (‘the Project’ or ‘the Yandal Gold Project’) 1 (Figure 1) has confirmed that the large regional structure cross-cutting the entire project that was targeted in its greenfields exploration, and therefore all related structures, are prospective for gold. As a result, a new target area, known as the ‘Maze’ (the Maze) (Figure 2), a four square kilometre zone at the NE end of the main structure, warrants follow-up exploration. 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). The first-pass aircore drilling campaign on the Yandal Gold Project was completed recently with a total of 269 holes drilled for 19,926.5m (inclusive of re-drills). It is important to note that aircore drilling is a first-pass exploration technique commonly used in areas of little historical exploration with unknown basement rock beneath transported and weathered covered materials. The technique does not penetrate far into the basement rock, rather it is used to find signs of mineralisation at the top of the fresh basement rock for follow-up deeper drill testing. The main areas of focus on Toro’s Yandal Gold Project included a major area of structural complexity in the NE of the Project and along a regional NE-SW structure that extends across the full width of the Project tenure and continues to the north of the Bronzewing Gold Mine deposits, part of what is known locally to Toro as the Bronzewing Structural Corridor (refer to Figure 2). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report