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Toro Energy Upgrades Resource at Wiluna Uranium Project
Oct. 08, 2013 09:01AM PST
GeographyToro Energy Limited (ASX:TOE) announced an increase to its JORC resource estimate for the Wiluna uranium project located in Western Australia. Following a 2013 drill program at the Centipede, Lake Way and Millipede targets located on the property, the company has increased its resource for Wiluna by 75% to 25.2 Mt at 551ppm for 30.6 Mlb U3O8.
Toro Energy Limited (ASX:TOE) announced an increase to its JORC resource estimate for the Wiluna uranium project located in Western Australia. Following a 2013 drill program at the Centipede, Lake Way and Millipede targets located on the property, the company has increased its resource for Wiluna by 75% to 25.2 Mt at 551ppm for 30.6 Mlb U3O8.
Highlights from the program also include:
- 100% of resources for the Centipede and Lake Way deposits, both approved for development, classified as Measured and Indicated;
- Confirmation all three deposits host contiguous zones of higher grade mineralisation with total Measured and Indicated Resources, at a 500ppm cut-off, of 10.1 Mt @ 912 ppm for 20.4 Mlb U3O8,; and
- Evidence that a high grade start-up mine plan can be achieved.
