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- Toro Energy (TOE) has confirmed the intersection of massive nickel sulphides in hole TED07 at the Dusty discovery in WA
- In late October, the company announced it had intersected 4.5 metres of massive nickel sulphides in hole TED07
- Work confirmed that the massive nickel sulphides occur within a nine metre thick zone of mineralisation beginning at 250.9 metres
- Nickel grades peaked at 4.03 per cent, copper peaked at 0.46 per cent, and cobalt peaked at 0.13 per cent
- Work has also confirmed that hole TED06 intersected a 12 centimetre band of massive nickel sulphide
- Drilling is continuing at Dusty and Yandal, with further updates to be announced as work progresses
- Toro is up a healthy 21.4 per cent on the market with shares trading at 1.7 cents
Toro Energy (TOE) has confirmed the intersection of massive nickel sulphides in hole TED07 at the Dusty discovery.
Dusty lies within Toro’s Yandal Gold Project which is situated in the Yandal Greenstone Belt, 50 kilometres east of the Mt Keith Nickel Deposit in Western Australia.
In late October, Toro announced it had intersected 4.5 metres of massive nickel sulphides in hole TED07.
This hole was the fifth to be drilled at Dusty and aimed to test the massive nickel sulphides intersected in hole TED04.
Work confirmed that the massive nickel sulphides occur within a nine metre thick zone of mineralisation beginning at 250.9 metres.
This includes four intersections of massive nickel sulphides with a cumulative thickness of 4.5 metres.
Nickel grades ranged between 3.35 per cent to 4.03 per cent, copper grades ranged between 0.27 per cent and 0.46 per cent, and cobalt grades ranged between 0.11 per cent and 0.13 per cent.
Pleasingly, all of these grades are higher than those returned from hole TED04.
Work has also confirmed that hole TED06 intersected a 12-centimetre band of massive nickel sulphide.
This hole averaged 3.19 per cent nickel, 0.28 per cent copper, 0.13 per cent cobalt, and 0.29g/t platinum and palladium.
“In such a short space of time, and with limited drilling to date, this highly promising discovery has not only been validated, it has also been significantly upgraded,” Executive Chairman Richard Homsany said.
“Assay results for TED07 came in better than anticipated from the preliminary observations from hhpXRF and are of a higher grade on average than the grades from TED04,” he added.
Drilling is continuing at Dusty and Yandal, with further updates to be announced as work progresses.
Toro is up a healthy 21.4 per cent on the market with shares trading at 1.7 cents at 12:33 pm AEDT.
