- Toro Energy’s (TOE) recent drilling has confirmed the prospectivity of gold at the Golden Ways Target Area, within the Yandal Gold Project in WA
- The company drilled 35 reverse circulation holes, for 2416 metres, mainly targeting two intermittently outcropping quartz veins at shallow depth
- Intercepts include up to five metres at 4.4g/t of gold from 22 metres downhole
- Due to the encouraging results, Toro is currently planning the next stage of exploration in the area
- On the market, Toro is down 2.70 per cent and is trading at 1.8 cents per share
Toro Energy’s (TOE) recent drilling has confirmed the prospectivity of gold at the Golden Ways Target Area, within the Yandal Gold Project in WA.
The company drilled 35 reverse circulation (RC) holes, for 2416 metres, at the project, mainly targeting two intermittently outcropping quartz veins at shallow depth.
Geochemical results from the veins have confirmed the prospectivity of Golden Ways for significant gold mineralisation. Notable results include five metres at 4.4g/t of gold from 22 metres downhole.
Toro wholly owns the The Yandal project, which is located in the Yandal Greenstone Belt.
“The recent RC drilling, although limited in its coverage of the 950 metres of veins and only at a single point of depth, confirms the prospectivity of the gold veins at shallow depth from surface,” the company told the market.
Due to the encouraging results, Toro is currently planning the next stage of exploration in the area.
Despite the news, Toro is down 2.70 per cent on the market this morning, trading at 1.8 cents per share at 11:36 am AEDT.