Advanced Projects
| Lake Way / Centipede |
|
|
Advanced Project
| | |
| | | |
|
|
Following the merger with Nova Energy, Toro Energy now controls the 19.8 million pound U3O8 inferred JORC resource at the development-ready Lake Way / Centipede project near Wiluna. The Wiluna project comprises the historic Lake Way and Centipede deposits in Western Australia, which are shallow calcrete-style uranium deposits. Toro Energy is concluding a pre-feasibility study to address in detail the key economic factors and the likely mining and processing methods.
|
| Napperby Project |
|
|
Advanced Project
| | |
| | | |
|
|
The Napperby project in the Northern Territory, northwest of Alice Springs, is an historic uranium prospect, comprising an extensive, near-surface, consistent mineralised zone that is relatively low grate, but is close to infrastructure. Toro Energy purchased this project through an option agreement with Deep Yellow, and is now undertaking a resource definition program aimed at increasing the contained tonnes of uranium. Toro has flagged that it will shortly initiate scoping studies aimed at identifying the key economic factors. Given the favourable political jurisdiction in which this resource lies, it is Toro’s intention to rapidly advance this project to an operating mine status.
|
Exploration - Australia
| Amadeus Basin |
|
|
Nothern Territory
| | |
| | | |
|
|
The Amadeus Basin Project in the Northern Territory provides Toro Energy with exposure to a large land holding in a highly prospective region for roll-front uranium deposits. The Amadeus Basin hosts the nearby Angela-Pamela deposit, 20 km south of Alice Springs, together with a number of smaller uranium occurrences. The collective area of tenements is 9005 km2, of which 4537 km2 is granted. Toro Energy has a number of upcoming drilling programs aimed at testing the Angela redox model.
|
| Coober Pedy |
|
|
South Australia
| | |
| | | |
|
|
The Coober Pedy project is located in the Gawler Craton along a major northwest-trending corridor of world-class iron oxide copper gold (IOCG) deposits. The corridor hosts the Olympic Dam deposit, the largest uranium deposit in the world, and the more recently discovered Prominent Hill copper-gold deposit. It also hosts smaller deposits at Cairn Hill and Black Hills. Both Prominent Hill and Olympic Dam are located at the intersection of the corridor and north east trending cross fault zones. Similar lineament trends have been identified within the Coober Pedy tenement. The project is covered by about 100 to 150 m of Palaeozoic sediments and targets are defined by magnetic and density data. In 2007 Toro Energy successfully drilled four diamond holes to test several targets. Drill results to date are encouraging, including 1 m at 118ppm U3O8, and the establishment of IOCG-style alteration.
|
| Ealbara |
|
|
SA Palaeochannels
| | |
| | | |
|
|
Located approximately 30km north of Tarcoola, in the Gawler Craton, the Ealbara prospect area was discovered during uranium exploration in the early 1980’s. The mineralisation is within sediments of the headwaters of a tributary of the Kingoonya palaeodrainage system.
Historical anomalous uranium assays up to 180 ppm were found during these early days. Recent exploration by Toro has confirmed anomalous mineralisation along the tributary and has a potential of discovering other significant mineralisation in untested areas along its length.
|
Next
Exploration - Africa
| Guinea |
|
|
Africa
| | |
| | | |
|
|
Toro Energy Ltd holds two exploration tenements over known uranium occurrences covering an area of 298 sq km in Guinea, West Africa. The tenements are located in northern Guinea, bounded to the north and east by the Senegal and Mali borders, respectively.
|
| Morocco |
|
|
Africa
| | |
| | | |
|
|
Toro Energy signed a Memorandum of Understanding with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) for the exclusive rights to evaluate exploration potential over three uranium mineralised areas in Morocco. During 2007, these areas were evaluated and one of them, Haute Moulouya, is considered to have potential for sediment hosted uranium.
|
| Namibia |
|
|
Africa
| | |
| | | |
|
|
In December 2006, Nova Energy (Namibia) [now a wholly-owned subsidiary of Toro Energy Limited] was granted three Exclusive Prospecting Licences ("EPLs") in Namibia for nuclear fuel and base and rare metal exploration. The licences cover areas considered to be prospective for primary Rossing-type mineralisation and superficial Langer Heinrich-type uranium mineralisation.
|
Back to top | Printer View | 22-Feb-2008 05:25 PM
