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Toro Energy Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Yandal | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2019: Toro Energy Ltd. announces an Exploration/Drilling Update report for its Yandal deposit at the Yandal project. Drilling results incl. 1m @ 0.075% Ni from 36m. Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) wishes to advise that the fi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Shirtliff (Internal) | |
| ABSTRACT: | Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) wishes to advise that the first-pass aircore exploration drilling for gold on the Company’s 100% owned Yandal Gold Project (‘the Project’ or ‘the Yandal Gold Project’) has confirmed that a large dual gravity and magnetic anomaly 2.3km south of the November Rain Target Area (‘November Rain’) represents favourable greenstone target geology for gold exploration. The area, now referred to as the Mako Geophysical Target (‘Mako’), potentially extends the favourable geology at the Company’s nearby Christmas Gold Prospect (‘Christmas’) 1 at least 6.2km to the south. 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). The aircore drilling technique is a first-pass exploration technique commonly used in areas of little historical exploration which has been used on the Yandal Gold Project to collect samples from the unknown basement rock geology at depth beneath transported and weathered cover materials. The main areas of focus 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 (Figure 2). Geochemistry is still pending for some of the areas drilled in the 2019 campaign, and a detailed geological review of all geology intersected in the drilling is ongoing. | |
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