- Toro Energy (TOE) has intersected 4.5 metres of massive nickel sulphides in diamond drill hole TED07 at the Dusty nickel sulphide discovery
- Hole TED07 was the fifth hole drilled at Dusty and aimed to test previously intersected massive nickel sulphides
- This hole intersected a 9 metre zone of sulphide mineralisation from 250.9 metres with 4.5 cumulative metres of massive nickel sulphides
- Analysis has identified nickel grades between 2.04 per cent and 7.8 per cent, however, this will need to be verified by geochemical analysis
- Toro has also announced it has used the Controlled Placement Agreement (CPA) with Acuity Capital Investment Management to raise $1.44 million
- The cash will be used to fund further drilling programs and general working capital
- Toro is steady on the market today with shares trading for 1.8 cents
Toro Energy (TOE) has intersected 4.5 metres of massive nickel sulphides in diamond drill hole TED07 at the Dusty nickel sulphide discovery.
Read the full article on The Market Herald here: https://themarketherald.com.au/toro-energy-asxtoe-intersects-further-nickel-sulphides-at-dusty-2020-10-29/
