- Toro Energy (TOE) intersects its third massive nickel sulphide at its Dusty nickel project in Western Australia
- The company’s newest discovery, dubbed “Jumping Jack,” recorded an intersection of 4 metres thick, starting from 240.3 metres downhole, and included a 1.4 metre thick lens of massive nickel sulphide
- Toro says its continuing to make significant advances on Dusty, with focused evaluation activities and drill programs in the works
- Following the new finding and geochemical sampling of the mineralised core, diamond drilling is set to continue at the project
- Toro Energy climbs 7.69 per cent, trading at 1.4 cents at 12:05 pm AEST
Toro Energy (TOE) has intersected its third massive nickel sulphide at its Dusty nickel project in Western Australia.
The company’s newest discovery, dubbed “Jumping Jack,” marks the third accumulation of massive and semi-massive nickel sulphides along the Dusty Komatiite area within the project.
The discovery’s intersection was 3.4 metres thick, starting from 240.3 metres downhole, and included a 1.4 metre thick lens of massive nickel sulphide.
The company reported multiple spot analyses which suggested local nickel concentrations within the massive sulphide of between 1.44 and 4.66 per cent nickel.
Toro said its third discovery highlights the prospectivity of the Dusty Komatiite for nickelsulphides, which has at least 7.5 kilometres of strike length.
Toro’s Executive Chairman, Richard Homsany, said the company is continuing to make significant advances on its Dusty Project with efficient and focused evaluation activities and drill programs.
“It is clear that Toro is drilling in a wide zone of nickel sulphide mineralisation. The exploration success we have enjoyed to date and the uncapped potential nickel endowment at Dusty represents an exciting stage for Toro shareholders,” Richard Homsany said.
“The high nickel grades that have been encountered easily validate the potential for Dusty to host a nickel resource that can be exploited.”
Following the new finding and geochemical sampling of the mineralised core, diamond drilling is set to continue at Dusty.
Toro Energy climbed 7.69 per cent, trading at 1.4 cents at 12:05 pm AEST.