Toro Energy
Full Toro Energy profile here
Toro Energy (ASX: TOE) is a uranium explorer operating in Western Australia, the Northern Territory, South Australia and in the African country of Namibia.
The company’s Western Australian Wiluna Project is at an advanced stage in government assessment and approval. The project hosts two shallow, generally less than 10m deep, calcrete deposits with a Measured, Indicated and Inferred resource of 24.4Mlbs of contained uranium
Toro Energy commences geophysical survey at Lake Mackay Uranium Project
Wednesday, May 05, 2010
Toro Energy (ASX: TOE) has commenced a detailed airborne geophysical survey on the company’s 100%-owned Lake Mackay Project, which is one of four uranium projects being undertaken by Toro in Western Australia.
GPX Surveys Pty Ltd will fly a (100m spaced) multi-channel radiometric, magnetic and digital terrain data survey.
This survey is approximately 1,374 km2 in area, and will deliver Toro detailed radiometric and magnetic coverage of approximately 70% of the project area.
Toro’s recently discovered uranium prospective Theseus Prospect lies within this survey area.
Interpretation of the new geophysical data, once available, will allow:
- Identification of subtle high frequency magnetic patterns that will assist in resolving buried palaeochannels that are prospective for uranium, including the recognised zone at Theseus;
- Refinement of the structural architecture of the Amadeus Basin to generate Angela or Bigrlyi style targets; and
- Resolution of deep magnetic features that may relate to IOCGU mineral systems.
Greg Hall, Managing Director, said targets generated from the new survey will be included in Toro’s 2010 Lake Mackay drill program scheduled to commence in June.
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