Toro Energy Limited (ASX: TOE) has intersected approximately 2m of continuous massive nickel-sulphide mineralization from 147.2m downhole at its Dimma Nickel Discovery in Western Australia.
The Dimma Nickel Discovery is one of four massive and semi-massive Ni-sulphide discoveries at the company’s wholly-owned Dusty Nickel Project (Figure 2), located in the Yandal Greenstone Belt, some 50km east of the world class Mt Keith Nickel Deposit.
Multiple spot analyses of the core suggests local Ni grades in the massive Ni-sulphide intersection could range between 1.5% and 3.4% Ni.
Importantly, the TED55 intersection extends the massive Ni-sulphide mineralization at Dimma towards the surface so that drilling now suggests it extends continuously over some 160m of down-dip (apparent) extension from 147.2m downhole in TED55 to 314.7m downhole in TED42. It remains open at depth, with no drilling beyond TED42 and open along strike. The recent TED55 intersection is only around 124m from the surface vertically (approximate true depth).
The massive Ni-sulphide intersection in TED55 is located in the same stratigraphic position as the other four completed drill holes at Dimma, TED41 (the discovery hole), TED42, TED53 and TED54, at or near to the base of the Dusty Komatiite. This is the same stratigraphic position as all the three other massive and semi-massive Ni-sulphide discoveries on the Dusty Nickel Project to date, Jumping Jack, Houli Dooley and Dusty.
The Dimma discovery is located approximately 400m to the SSE of the recent Jumping Jack discovery, along strike of the Dusty Komatiite, which is in turn located approximately 400m SSE of the Houli Dooley discovery and 800m SSE of the original Dusty discovery.
There has been no drilling between Jumping Jack and Dimma due to the current location of the Toro exploration camp and hardstand facilities, however Toro considers that this is an obvious future area for drilling going forward once those facilities have been relocated.
“TED55 is yet another exceptional drilling result for the company and for the Dimma Ni-sulphide discovery. The Dimma discovery is shaping up to be something of potential significance, with five holes drilled and five intersections of massive and semi-massive Ni-sulphide so far intersected,” Executive Chairman, Richard Homsany, said.
“This TED55 result now suggests the Dimma massive Ni-sulphide zone extends over some 160m of continuous dip extent from 147.2m downhole in TED55 to 314.7m downhole in TED42 and it remains open at depth as well as along strike, north and south. Although we await laboratory geochemistry, the hand-held portable XRF spot analyses suggest all five intersections of massive Ni-sulphide at Dimma are high grade.
“The Dusty Nickel Project has vast potential for further Ni-sulphide mineralization with only limited testing so far completed along some 3.5km of the 7.5km long Dusty Komatiite magnetic trend. Already four zones of massive and semi-massive Ni-sulphide mineralization have been discovered along the areas drilled at Dusty, all four of which are still open. There are still kilometres more komatiite yet to be tested further south at our Yandal One Nickel Prospect.
“The Dusty Ni-sulphide discoveries are the first massive Ni-sulphide discovered in this region of the Yilgarn and are in an area that, to our knowledge, had not been drilled to fresh basement prior to Toro’s drilling.
“We are enthusiastic about our exciting nickel discoveries, which are near the uranium deposits of our world-class Wiluna Uranium Project. We look forward to reporting further assays from our Dusty Nickel Project in the near-term.”
For further information please visit: https://www.toroenergy.com.au/
