Rock chips unearth high-grade gold results for Toro

Toro Energy has unearthed high-grade gold results from geochemical assays of rock chip samples collected to the south of the company’s Golden Ways target that forms part of its Yandal gold project.

The company collected a total of 85 specimens from the historical New England prospect area about 2km south of Golden Ways with results returning impressive grades including one sample at 70.4 grams per tonne gold.

More than a dozen rock chip samples recorded gold concentration of more than 1 g/t whilst an additional 17 sample showed anomalous results above 0.01 g/t gold. Additional assay highlights include samples reading 27.87 g/t, 22.4 g/t and 12.4 g/t gold.

The recent field work by Toro was aimed at investigating the gold prospectivity outside the two main central veins at Golden Ways with a focus on the New England target. The company says the latest results upgrade a number of prospects into potential drill targets.

Previous samples at Golden Ways include results of 2.22 g/t, 2.1 g/t and 1.51 g/t gold.

Toro’s fully owned Yandal gold project is just 50km east of BHP’s world-class Mt Keith nickel deposit. The company has been focused on nickel results at the site over the past six months after the discovery of its Dusty project where drilling at its recently discovered Dimma deposit hit massive and semi-massive nickel sulphides.

The Dimma discovery was originally highlighted after a hole from diamond drilling hit a 3.6m section of massive sulphides from 244.1m. The latest drill results also include a 0.35m intercept of semi-massive nickel-sulphide from 296.5m downhole whilst a 0.15m zone of semi-massive nickel-sulphide occurs outside the zone from 304.2m downhole.

Toro says the Dimma discovery highlights the nickel-sulphide prospectivity of the Dusty komatiite that has a strike length of at least 7.5km.

The recent campaign follows the first hole drilled 400m south-south-east of the company’s Jumping Jack discovery, leaving the Dimma mineralisation open in all directions.

Jumping Jack was discovered early this year with a 3.4m intersection from 240.3m including a 1.4m-thick lens of massive nickel sulphides.

The company believes the two recent massive-sulphide zones are in the same stratigraphic position as the Houli Dooley and the original Dusty discovery to the north.

Following the recent sampling success at the greater Yandal gold project Toro says it will prioritise a number of targets in the New England zone for an upcoming drill program. If the gold drilling results match the company’s nickel discoveries at Yandal, the company could be sitting on a significant multi-metal deposit.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au