- Results from Toro Energy’s (TOE) Yandal Gold Project in WA confirm the site is prospective for volcanogenic-hosted massive sulphide (VHMS) base metals and gold mineralisation
- The company says these conclusions were reached following detailed analysis of a diamond drill hole, including two rounds of geochemical analysis
- Toro plans to continue exploring in the area, with further investigation of the airborne magnetic, ground gravity and passive seismic data used to plan future drill holes
- Toro Energy was up 3.33 per cent, trading at 1.6 cents at 4:10pm AEST
Results from Toro Energy’s (TOE) Yandal Gold Project in WA have confirmed the site is prospective for volcanogenic-hosted massive sulphide (VHMS) base metals and gold mineralisation.
The company said these conclusions were reached following detailed analysis of a diamond drill hole, including two rounds of geochemical analysis.
The hole was drilled to better understand the geology intersected beneath the paleochannel, with results including 0.3 metres at 1.16g/t gold, 0.74 per cent copper, 0.28 per cent zinc, 11g/t silver, 20.8 parts per metre bismuth and 16 per cent sulphur from 154.8 metre downhole.
Results confirmed the area has potential for VHMS base metals and gold mineralisation, with host rocks, structures and geochemical anomalies of hydrothermal related mineralisation.
The company said a second round of geochemical analysis confirmed the pervasive carbonate and disseminated pyrite alteration throughout the entire hole, with grades and thicknesses of up to 0.92 per cent carbonate and 0.53 per cent sulphur over 17 metres from 173 metres downhole.
Toro plans to continue exploring in the area, with further investigation of the airborne magnetic, ground gravity and passive seismic data used to plan future drill holes.
Toro Energy was up 3.33 per cent, trading at 1.6 cents at 4:10 pm AEST.