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Toro Energy Limited

Toro Energy generating gold drilling targets at Yandal project

Drill hole planning will begin next month followed by drilling during the September quarter.

gold bars and nugget
Toro is targeting gold in the world-class Yandal Greenstone Belt

Toro Energy Ltd (ASX:TOE) is generating gold targets for upcoming exploration, including drilling, at the Yandal project within the world-class Yandal Greenstone Belt gold district of Western Australia.

Targets will be defined and prioritised by assessing geological information in line with research on Yandal-style gold mineralisation.

This information has been provided by high resolution airborne magnetic and ground gravity geophysical surveys.

Drill hole planning in July

Drill hole planning is scheduled to begin next month with first phase exploration drilling expected to proceed during the September quarter.

Toro’s Yandal tenements comprise over 143 square kilometres of contiguous and untested, yet highly prospective, exploration ground.

It sits on Toro’s Lake Maitland tenure, which has been held by uranium companies since the discovery of the Lake Maitland Uranium Deposit in the 1970s.

Three nearby operations

There are three gold mining operations in the area, with the Jundee-Nimary, Bronzewing and Darlot mines having produced over 14 million ounces.

Echo Resources Limited (ASX:EAR) is exploring ground surrounding Toro’s project and has accumulated a mineral resource of 1.7 million ounces and ore reserves of 856,000 ounces of gold.

Following the targeting process, Toro will model a passive seismic survey to three-dimensionally map the depth to fresh bedrock for more accurate and cost-effective drill-hole planning.

Aircore drilling first-up

Selected targets will then undergo extensive aircore drilling, after which limited reverse circulation drilling will target anomalies discovered by the earlier drilling and sample geochemistry.

Gold is the primary target of the exploration project, but as the prospectivity of the area for other metals is high, the company may investigate any corresponding anomalies.

Quick facts: Toro Energy Limited

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Market: ASX
Market Cap: $41.27 m
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