Toro Confirms Massive Nickel Sulphide Mineralisation in WA

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that geochemical assays have confirmed the massive Ni-sulphides intersected in the discovery holes of the Jumping Jack Ni-sulphide zone (Figure 1), diamond drill holes TED37 and TED38 (Figures 2 and 3), within the Company’s 100% owned Dusty Nickel Project (Figures 3 and 4).

HIGHLIGHTS

Geochemical assays have confirmed massive nickel (Ni) sulphides were intersected in Jumping Jack discovery drill holes TED 37 and TED 39
Geochemical assays confirm:
- Diamond drill hole TED37 intersected 3.45m of massive Ni-sulphide grading 1.42% Ni, 0.19% copper (Cu) and 0.76 g/t platinum (Pt) and Palladium (Pd) from 240.1m downhole including:
  - 1.45m of massive Ni-sulphides grading 2.2% Ni, 0.36% Cu and 1.27 g/t Pt+Pd from 242.2m downhole
- Diamond drill hole TED38 intersected 2.44m of massive Ni-sulphide grading 1.16% Ni, 0.2% Cu and 0.77 g/t Pt+Pd from 231.65m downhole
Jumping Jack is one of four (4) massive and semi-massive Ni-sulphide discoveries at Toro’s 100% owned Dusty Nickel Project, located in the Yandal Greenstone Belt, some 50km east of the world class Mt Keith Nickel Deposit
Together the four Dusty Ni-sulphide discoveries – Jumping Jack, Dimma, Houli Dooley and Dusty – are the first Komatiite hosted massive Ni-sulphides to be discovered in the region and remain open at depth
Follows recent exploration success that confirmed nickel sulphide mineralisation at the Dimma discovery extends to 160m down-dip and remains open at depthOnly ~4.5km of the 7.5km long Dusty Komatiite magnetic trend has been tested to date and Toro has already discovered four (4) zones of massive or semi-massive Ni-sulphide

The Dusty Nickel Project (‘the Project’) is located in the Yandal Greenstone Belt, 50km east of the world class Mt Keith Nickel Deposit (Figure 4).

Figure 1: Section of massive nickel sulphide intersected in TED37. See text for further details.

Analysis of returned geochemical assays of drill core samples from diamond drill holes TED37 and TED38, the discovery holes of the Jumping Jack Ni-sulphide zone, confirm that massive Ni-sulphides were intersected over 3.45m from 240.2m downhole in TED37 and over 2.44m from 231.6m downhole in TED38.

The average geochemical grades of the massive sulphide zones were found to be:

TED37

3.45m at 1.42% Ni, 0.19% Cu, 0.76 g/t Pt+Pd from 240.2m downhole inc.
- 1.45m at 2.2% Ni, 0.36% Cu, 1.27 g/t Pt+Pd from 242.2m downhole.

TED38

2.44m at 1.16% Ni, 0.2% Cu, 0.77 g/t Pt+Pd from 231.6m downhole.

Figure 2: East-West Cross-section (looking north) of the Jumping Jack discovery holes, diamond drill holes TED37 and TED38, along with the average geochemistry for Ni, Cu and Pt+Pd for the massive sulphide intervals. See text for further details.

The Jumping Jack massive Ni-sulphides are the third of four zones of massive to semi-massive Ni-sulphide so far discovered along the Dusty Komatiite. Semi-massive Ni-sulphides were intersected at Houli Dooley, approximately 400m to the NNW of Jumping Jack, massive Ni-sulphides were intersected at Dimma, approximately 400m to the SSE of Jumping Jack and massive Ni-sulphides were intersected at Dusty, the first discovery of massive Ni-sulphides on the Project some 400m to the NNW of Houli Dooley.

As previously announced the massive Ni-sulphide intersections at Jumping Jack are associated with the base of the Dusty Komatiite, or in this case, structurally offset slightly and located at and just beneath the base contact with the underlying footwall metasediments. This is the same stratigraphic association as the other four massive Ni-sulphide zones so far discovered along the Dusty Komatiite.

The Dusty discoveries are the first massive Ni-sulphide to be discovered in the area, proving that ultramafics in the Yandal Greenstone Belt are underexplored and a genuine Ni-sulphide exploration target. Toro have at least two airborne magnetic anomalies identified to be komatiite by drilling that have yet to be adequately tested along strike or at depth, the Dusty Komatiite and the komatiite associated with the Yandal One Prospect some 20km to the south (Figure 4). Together, these two known komatiites represent some 14km total strike length of target geology for massive Ni-sulphide. Only some 4km of the 7.5km long Dusty Komatiite has so far undergone limited drill testing and to date all four Dusty Ni-sulphide discoveries remain open at depth.

Click here for the full ASX Release

This article includes content from Toro Energy Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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  - including 1.00m @ 1,015.29 ppm (0.10%) U ₃ O ₈ from 28.00m
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- HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U ₃ O ₈ and 1.95 g/t Au from 48.00m ,
  - including 2.00m @ 1,720.45 ppm (0.17%) U ₃ O ₈ and 1.64 g/t Au from 57.00m
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Table 1: Significant intercepts >100ppm U ₃ O ₈
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
HB24DD005	47	50	3	371.49	0.18
HB24DD005	55.4	63	7.6	162.71	0.03
HB24DD005	70	74	4	150.17	0.01
HB24DD005	103	111	8	102.27	0.01
HB24DD006	30	33	3	307.07	0.15
HB24DD006	36	44	8	1449.86	0.22
including	37.3	39	1.7	6208.83	0.78
HB24DD006	79	80	1	155.06	0.02
HB24DD007	60	76	16	2151.24	0.01
including	60	72	12	2816.22	0.01
HB24DD007	80	82	2	192.50	0.03
HB24DD007	86	87	1	121.46	0.01
HB24DD008	33	34	1	101.88	0.01
HB24DD008	40	42	2	222.28	0.02
HB24DD008	48	67	19	620.58	1.95
including	57	59	2	1720.45	1.64
and	64	66	2	2202.16	12.39
HB24DD008	73	74	1	190.44	0.23
HB24DD008	81	84	3	487.72	0.03
including	83	84	1	1084.86	0.04
HB24DD009	58	62	4	236.11	0.04
HB24DD009	76	77	1	116.27	0.01
HB24DD009	78	79	1	153.30	0.01
HB24DD010	15	17	2	574.86	0.15
including	15	16	1	1007.04	0.25
HB24DD010	33	41.3	8.3	336.50	0.08
including	40	41.3	1.3	1379.66	0.35
HB24DD010	44	47	3	1339.85	1.18
including	44	45.65	1.65	2191.03	0.96
HB24DD010	53.25	62	8.75	1115.03	1.44
including	53.25	56.1	2.85	2785.70	0.22
HB24DD010	68.4	84	15.6	2237.03	0.53
including	70	71	1	2264.06	0.23
and	76	83	7	4311.16	0.10
with ^#	80	81	1	1.42 %	0.01
HB24DD010	88	89	1	131.48	0.01
HJ24DD014	25.55	27	1.45	180.42	0.01
HJ24DD014	79	80	1	310.13	0.01
HJ24DD014	125	126	1	113.20	0.02
HJ24DD015	95	96	1	321.92	0.40
HJ24DD015	101	103	2	191.03	0.10
HJ24DD015	133	135	2	1229.32	0.02
including	133	135	2	1229.32	0.02
HJ24DD016	69.35	73	3.65	772.12	0.12
including	69.35	70.15	0.8	1285.33	0.15
and	71	72	1	1044.77	0.14
HJ24DD016	76	87	11	229.76	0.02
HJ24DD016	104.4	106	1.6	130.89	0.01
HJ24DD017	15	40	25	393.64	0.01
including	28	29	1	1015.29	0.01
and	34	35	1	2128.46	0.01
HJ24DD017	48	49	1	128.53	0.01
HJ24DD017	51	52	1	142.68	0.01
HJ24DD017	68	69	1	114.85	0.01
HJ24DD017	72	78	6	161.69	0.01
HJ24DD018	21	22	1	277.11	0.01
HJ24DD018	29	32	3	477.18	0.01
HJ24DD018	106	115	9	770.03	0.05
including	111	113	2	2953.90	0.18
HJ24DD019	87	93	6	1177.43	0.04
including	89	93	4	1520.58	0.01
HJ24DD020	70	71	1	199.87	0.01
HJ24DD020	95.55	100	4.45	163.33	0.01
HJ24DD020	104	108	4	196.04	0.01
HJ24DD020	113	114	1	178.65	0.01
HJ24DD020	119	120	1	203.41	0.01
HJ24RC016	35	40	5	176.13	0.01
HJ24RC016	43	44	1	114.62	0.01
HJ24RC016	48	51	3	195.16	0.01
HJ24RC016	62	63	1	109.90	0.01
HJ24RC017	22	23	1	120.87	0.01
HJ24RC018	No significant intercepts to report
HJ24RC019	14	19	5	166.08	0.01

Table 2: Significant intercepts >0.1 g/t Au
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
HB24DD005	47	47.7	0.7	233.48	0.51
HB24DD005	48.85	50	1.15	749.97	0.13
HB24DD005	55.4	56	0.6	244.09	0.10
HB24DD006	32	33	1	274.75	0.35
HB24DD006	37.3	39	1.7	6208.83	0.78
HB24DD006	43	44	1	341.97	0.21
HB24DD006	82	83	1	38.68	0.48
HB24DD006	86	87	1	58.25	0.43
HB24DD007	21	22	1	17.92	0.36
HB24DD008	48	51	3	343.34	0.46
HB24DD008	57	60.15	3.15	1220.21	1.10
including	57	58	1	2185.06	2.89
with	57.6	58	0.4	3631.94	5.96
HB24DD008	64	71	7	781.46	4.60
including	64	67	3	1733.42	10.60
with ^#	65	66	1	2299.44	24.2
HB24DD008	73	74	1	190.44	0.23
HB24DD008	79	80	1	30.66	0.10
HB24DD010	15	16	1	1007.04	0.25
HB24DD010	40	41.3	1.3	1379.66	0.35
HB24DD010	44	62	18	778.72	1.34
including	44	47	3	1339.85	1.18
with	52	53.25	1.25	54.01	5.51
including	56.1	60	3.9	259.61	2.92
with	56.1	58	1.9	139.39	5.41
HB24DD010	70	71	1	2264.06	0.23
HB24DD010	73	77	4	855.21	1.97
including	74	77	3	1053.42	2.54
with	74	76	2	545.38	3.54
HJ24DD016	69.35	72	2.65	974.04	0.14
HJ24DD018	111	113	2	2953.90	0.18
HJ24DD019	43	44	1	4.36	0.41
HJ24DD019	88	89	1	841.95	0.15
HJ24RC019	108	109	1	45.75	0.21

Toro Confirms Massive Nickel Sulphide Mineralisation in WA

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Wiluna Uranium Project

Project Highlights:

The Dusty Nickel Project – Discoveries of Massive Nickel Sulphide

Project Highlights:

Toro Yandal Gold Project

Management Team

Richard Homsany - Executive Chairman

Michel Marier - Non-executive Director

Richard Patricio - Non-executive Director

Dr. Greg Shirtliff – Geology Manager

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