Toro Energy Limited (ASX: TOE) has received high-grade gold assay results from rock chip samples collected at the New England Target Area directly south of the Golden Ways Target Area at the company’s 100% owned Yandal Gold Project in Western Australia.
The results include one sample of 70g/t Au and expand the already highly prospective Golden Ways Target Area some two km to the south and once again confirm the significant gold prospectivity of the entire area.
Field work programmes were recently completed by Toro aimed at further investigating the prospectivity of Golden Ways for gold mineralisation outside the two main central veins, that underwent first phase drilling in late 2020, as well as extending the area of exploration focus further to the south to include a historical prospect known as New England.
The field work included rock chip sampling across Golden Ways and some two km further to the south to what is now referred to as the New England Target Area, and culminated in 229 samples being collected for both geological and gold prospectivity purposes.
85 of the samples were collected from the New England Target Area and sent for geochemical analysis. The samples were not collected as part of a systematic surface rock chip sampling program, rather as representations of observations during geological investigations. Not all samples were collected for their potential to contain gold.
The assay results show significant high grade gold anomalism in the New England Target Area, with 12 samples returning greater than 1.0g/t Au concentrations, and four of those (all from different locations) being above 10g/t Au.
One sample, YGP_R413, a piece of float rock next to some historical workings, returned a very high grade 70.4g/t gold assay concentration. 13 samples returned gold concentrations greater than 0.1g/t (100ppb) Au and a further 17 samples returned anomalous gold concentrations greater than 0.01g/t (10ppb) Au.
The anomalous Au rock chip samples were largely associated with outcropping and sub-cropping quartz veining and quartz vein wall rock, or within the walls of historical trench workings
The further field work and rock chip sampling at Golden Ways has also upgraded three existing prospects into potential drill target areas as well as identifying a new prospect and drill target area in the SW. This included seven samples with significant Au assay results greater than 1.0g/t Au.
The company said it is clear from the assay results that the northern tenure of Toro’s Yandal Gold Project, which includes the Golden Ways and now New England Target Areas, is highly prospective for economic gold mineralisation. The recent rock chip sampling has extended the prospective area by some two km further to the south.
Toro is currently investigating the full geochemistry of the rock chip sample assays in the context of its current understanding of the geology, with a plan for follow-up exploration at New England targeting quartz vein gold systems.
For further information please visit: https://www.toroenergy.com.au/
