- Planning for ground-based electromagnetic geophysical surveys is underway at Toro Energy’s (TOE) Yandal Gold Project in WA
- These surveys will be conducted over two nickel sulphide prospects and will aim to detect conductive bodies, such as massive nickel sulphides, at depth
- One survey will be carried out at the Dusty prospect, while the other will focus on part of the Yandal One Nickel Prospect, which was previously drilled in 2016
- More details will be announced when planning is finished and the surveys begin
- Toro is up a steady 12.5 per cent on the market in mid-morning trade and shares are selling for 0.9 cents each
Planning for ground-based electromagnetic geophysical surveys is underway at Toro Energy’s (TOE) Yandal Gold Project in WA.
These surveys will be conducted over two nickel sulphide prospects and will aim to detect conductive bodies, such as massive nickel sulphides, at depth.
One survey will be carried out over the new nickel sulphide discovery that was announced yesterday at the Dusty prospect, while the other will focus on part of the Yandal One Nickel Prospect, which was previously drilled in 2016.
More details will be announced when planning is finished and the surveys begin.
“After the significant confirmation of the discovery of nickel sulphides at Dusty, the board is very pleased to also announce that preparations for ground-based electromagnetic geophysical surveys have commenced,” Executive Chairman Richard Homsany commented.
“Gold and nickel evaluation activities and drilling are expected to commence very soon at Yandal. The acquisition of geophysical data will assist us to ensure targeted and cost-effective drilling is continued in this next campaign,” he said.
“In addition to the outstanding Dusty nickel discovery, the prospectivity of the Yandal One Nickel Prospect remains a valuable part of the Yandal Project. Therefore, a ground-based electromagnetic survey is being planned over it,” Richard added.
Toro is up a steady 12.5 per cent on the market in mid-morning trade and shares are selling for 0.9 cents each at 10:34 am AEST.