- Toro Energy (TOE) intersects further massive and semi-massive nickel sulphides at the Jumping Jack nickel sulphide discovery within its Dusty Nickel Project in WA
- The sulphides were intersected in hole TED38 which followed up hole TED37 which intersected 3.4 metres of nickel sulphide grading between 1.44 to 4.66 per cent
- TED38 intersected 2.3 metres of nickel sulphide grading between 1.28 to 3.5 per cent nickel
- This intersection indicates additional nickel sulphide mineralisation could be present at Jumping Jack which remains open in all directions
- Toro Energy is up 6.67 per cent on the market with shares trading at 1.6 cents at 10:37 am AEST
Toro Energy (TOE) has intersected further massive and semi-massive nickel sulphides at the Jumping Jack nickel sulphide discovery within its Dusty Nickel Project in WA.
The sulphides were intersected in hole TED38 which was drilled to follow up hole TED37 which intersected 3.4 metres of massive and semi-massive nickel sulphide grading between 1.44 to 4.66 per cent from 240.3 metres.
Hole TED38 intersected 2.3 metres of massive and semi-massive nickel sulphides from 232.1 metres with portable x-ray fluorescence analysis indicating grades between 1.28 to 3.5 per cent nickel.
This intersection indicates additional nickel sulphide mineralisation could be present at Jumping Jack which remains open in all directions.
Jumping Jack is the third nickel sulphide discovery made at Dusty with only one kilometre of the 7.5-kilometre magnetic trend tested so far.
Drilling is continuing along the trend with updates to be made as work progresses.
“This excellent intersection is very encouraging for the potential of Jumping Jack, Toro’s third discovery of massive and semi-massive nickel sulphides,” Executive Chairman Richard Homsany said.
“Our targeted exploration activities continue to succeed and validate our confidence the Dusty Nickel Project’s potential to host significant nickel mineralisation.
“The upside here remains vast and uncapped. Diamond drilling continues and we look forward to releasing updates as exploration advances.”
Toro Energy was up 6.67 per cent on the market with shares trading at 1.6 cents at 10:37 am AEST.