ASX-listed Toro Energy intersects more nickel sulphides at WA project

Junior exploration firm Toro Energy has intersected further nickel sulphides at the Dusty One nickel discovery within its 100%-owned Yandal Gold Project in Western Australia (WA).

Latest results from assay results revealed a drill hole intersecting 7.2 metres of visible nickel sulphides, grading 1.05% nickel and 0.26% copper from 252 metres downhole.

Another diamond drill hole intersected visible nickel sulphides over 5.7 metres grading 0.57% nickel from 184 metres downhole, including 0.2 metres at 3% nickel, 0.11% copper and 0.1% cobalt from 189.4 metres.

Executive chairman Richard Homsany said the results validate Toro’s current diamond drilling programme: “Given the success of the results to date, and how early nickel was discovered in its drill programme, Toro is confident it is well poised to continue upgrading the resource potential of its Dusty Nickel Project in the short to medium term,” he said.

The Dusty discovery is located just 50 km East of BHP’s Mt Keith nickel deposit, which is ranked by the Geological Survey of Western Australia as the second largest nickel resource in the country.

ASX-listed Toro said the current diamond drilling campaign at Dusty, which began in March, will continue in the coming months with a focus on the Dusty One and Dusty Two nickel sulphide discoveries, plus further exploration along the Dusty Komatiite.

@RGNonline