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Toro Energy Intersects Thicker Nickel Sulphides at Dusty Nickel Project in Western Australia — ASX:TOE| ASX Mining News & Discussion
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Lykeshares
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$TOE
Toro Energy Intersects Thicker Nickel Sulphides at Dusty Nickel Project in Western Australia
Toro Energy Limited (ASX:TOE) has announced a significant breakthrough at its Dusty Nickel Project in Western Australia. The company reported that its latest diamond drill hole, DDH-21-11, intercepted notably thicker massive nickel sulphides.
The drill hole penetrated 10.5 meters of massive sulphides from a depth of 180 meters, including 8.5 meters of nickel-copper-cobalt mineralization with grades of 3.1% Ni, 0.9% Cu, and 0.1% Co. This represents the largest intersection of massive sulphides recorded at the project thus far, validating the continuity and grade of the mineralization along strike and down dip.
To further enhance the exploration program and pursue new targets, Toro Energy has deployed a second diamond drill rig at the Dusty Nickel Project. The project exhibits the potential to host a substantial nickel sulphide district with numerous mineralised zones and prospects. Toro's Managing Director, Richard Homsany, expressed delight with the remarkable results from the Dusty Nickel Project, which highlight
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its potential to emerge as a world-class nickel sulphide discovery.
The thickness and grade of the massive sulphides affirm the company's geological model and exploration strategy. Homsany also confirmed the mobilisation of the additional drill rig to expedite the drilling program, targeting new areas of interest along strike and at depth. Further updates and results will be announced as they become available.
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152d
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Berkshire is hoarding so. much. cash.
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Lykeshares
152d
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Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
1y
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares
1y
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Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares
1y
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Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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