22.4 g/t Gold Surface Sample Significantly Expands WA Project
Toro Energy Limited’s (ASX: TOE) zone of exploration interest for gold mineralisation at Golden Ways has been significantly expanded due to high grade gold assays being returned from in situ rock chip samples collected during the continued geological mapping of the area.
The Golden Ways Target Area represents the northern-most zone of active exploration on the company’s 100% owned Yandal Gold Project located within the world class gold district, the Yandal Greenstone Belt in Western Australia.
Geochemical results from the most recent batch of rock chip samples collected during continued mapping at Golden Ways have extended the zone of interest for exploration further south to include shallow historical workings known as ‘New England’.
Toro has continued to develop the geological understanding of the Golden Ways Target Area through geological mapping. During the most recent mapping expedition in and around the Golden Ways area after the 2020 RC drilling campaign, some 119 rock chip samples were collected as representative samples for geochemical analysis to aid interpretation and prospectivity analysis. No further samples were collected from the two main veins drilled in the 2020 drilling campaign.
The access route to Golden Ways, was examined for remnant rock outcrop and interpretation. The New England historical working is located approximately 1.3km SSE of the southern-most hole drilled by Toro in the 2020 RC drilling campaign.
A total of seven in situ rock chip samples were collected from the site, including quartz vein, wall rock to the quartz vein and a mixture of both. Two samples returned high grade gold assays of 1.64 g/t and 1.32 g/t gold and two returned very high grades of 22.4 g/t and 7.62 g/t gold. All seven samples returned highly anomalous gold assays above 0.1 g/t gold.
The results show that high grade gold mineralisation at New England is consistent with that found so far at Golden Ways, in that it is hosted both in significant quartz veins and in the sheared wall-rock of basaltic origin in contact with or proximal to the veins. In light of the high-grade gold found in rock chips from New England, the site has been added as potential drill target for future exploration and the Golden Ways Target Area has been extended to include it.
Further detailed mapping will be needed to ‘infill’ the area between New England and the current area of completed work in Golden Ways with geological information. There have so far been very few samples collected in this area. Such work will be planned for the 2021 exploration programme.
Importantly, a further 15 samples within the current Golden Ways Target Area returned highly anomalous gold assays above 0.1 g/t gold including four samples with gold assays above 1 g/t gold.
Together these samples highlight three main areas of interest for future exploration, two in the north west and one in the south of the current Target Area. These areas will now also be considered as potential drill targeting areas for future exploration at Golden Ways.
Together with the excellent results from the recently completed shallow drilling along two quartz veins, the most recent mapping and rock chip sampling continues to highlight the prospectivity of Golden Ways for gold mineralisation.
Toro is currently mobilising for an imminent mud rotary/diamond drilling campaign on the Dusty Nickel Project focusing on the Dusty nickel discovery. Toro will also shortly commence planning for the next phase of exploration at Golden Ways.
