Toro Energy Limited announced plans to explore for gold within the area of its Lake Maitland Project, which is part of the company’s wholly owned Wiluna uranium project.
Toro Energy Limited (ASX:TOE) announced plans to explore for gold within the area of its Lake Maitland Project, which is part of the company’s wholly owned Wiluna uranium project and is located within the Yandal gold district. The Lake Maitland project area has never been adequately explored for any mineral other than uranium, despite being within the prolific gold producing Yandal Greenstone Belt.
Highlights are as follows:
- Yandal Gold Project initiated within world class gold district
- First phase exploration planned for 2018
As quoted in the press release:
Yandal gold project is located on the company’s Lake Maitland tenure and comprises over 143 square kilometres of contiguous and untested yet highly prospective ground in the high yielding Yandal gold district. Toro is very pleased to announce that it has initiated the Yandal gold project.
Planning has commenced to undertake a comprehensive 2018 exploration drilling program on the Yandal gold project including the steps set out below. Although gold will be the primary target of the exploration program on the Yandal gold project, Toro acknowledges the prospectively of greenstone belts for other metals and will consider evaluating any corresponding anomalies that may arise and elevate them as genuine prospect targets if it sees fit to do so.