Announcement Date: 2023-09-06
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Toro Energy Ltd.
Project name: Dusty
Location: Australia
Commodities: Copper,Nickel
Highlight: Drilling results incl. 2.1m at 1.83% Ni, 0.29% Cu, 0.55g/t from 147.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that geochemical assays have confirmed that diamond drill hole TED55 intersected a further 2.1m of massive Ni-sulphide at the Dimma Ni Discovery site (Figure 1) within the Company’s 100% owned Dusty Nickel Project (Figures 2). The Dusty Nickel Project (‘the Project’) is located in the Yandal Greenstone Belt, 50km east of the world class Mt Keith Nickel Deposit (Figure 2). The results of the laboratory based geochemical analysis confirmed that diamond drill hole TED55 intersected 2.1m of massive Ni-sulphide grading 1.83% Ni, 0.29% copper (Cu) and 0.55 g/t Pt+Pd from 147.1m downhole. Importantly, the TED55 massive Ni-sulphide intersection extends the sub-vertical zone of massive Nisulphide mineralisation discovered at Dimma through five drill holes and suggests it so far represents a continuous lens of mineralisation of at least 160m down-dip length from 147.1m downhole in TED55 to 314.7m downhole in TED42 (refer to Figure 3). It remains open at depth and open along strike. The recent TED55 intersection is only around 124m from the surface vertically (approximate true depth).
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