Toro Energy (ASX:TOE) has received new geochemical assays that confirm massive nickel-sulphide intersections in diamond drillholes at its Dusty Nickel Project in Western Australia.
The company reports the analysis of the returned assays of the drill core samples include drillhole TED41, intersecting 4.31m @ 1.16% Ni, 0.29% Cu, 0.386g/t platinum (Pt) and palladium (Pd) from 243.33m; and drillhole TED42, intersecting 3.13m @ 1.42% Ni, 0.17% Cu, and 0.605g/t Pt+Pd from 314m
Commenting on the latest results, Toro Energy Executive Chairman Richard Homsany says: “Toro continues to consistently deliver value-adding results that suggest the Dusty Project has the potential to be a district-scale nickel discovery in a prime mining jurisdiction in Western Australia.
“These impressive results from Dimma follow the recent confirmation of massive nickel sulphide mineralisation at the Jumping Jack prospect, located some 400m along trend”
These impressive results from Dimma follow the recent confirmation of massive nickel sulphide mineralisation at the Jumping Jack prospect, located some 400m along trend.
Toro has only drill tested some 4km of the 7.5km-long Dusty Komatiite magnetic trend, resulting in the discovery of 4 zones of massive and semi-massive Ni-sulphide mineralisation, all of which remain open at depth.
We strongly believe there is considerable potential to continue to grow the footprint of this nickel system with additional drilling, and we look forward to providing updates on this strategy soon.”
The Dusty Nickel Project is located in the Yandal Greenstone belt, about 50km east of the ‘world-class’ Mt Keith Nickel deposit.
Toro’s 4 Dusty nickel sulphide discoveries include Dimma, Jumping Jack, Houli Dooley, and Dusty. The company says these discoveries are the first komatiite-hosted massive nickel sulphides to be discovered in the region.
Toro Energy is an ASX-listed uranium development and exploration company with projects across Western Australia. The company is focused on building an energy metals business, with its flagship Wiluna Uranium Project as the centrepiece.
Images: Toro Energy Ltd