Adelaide, Mar 21, 2007 AEST (ABN Newswire) - Toro Energy Limited (ASX: TOE), is pleased to announce that detailed exploration of one of South Australia's prime Gawler Craton uranium projects has commenced.
An air-core rig has commenced drilling on the Warrior Project palaeochannels within EL's 3040, 3369W and 3372. As announced on 25 July 2006, Toro has entered into a Joint Venture agreement with Stellar Resources on two of these tenements, EL3372 and EL3369W (Toro earning 70%), which are to the immediate north and south of the tenement EL3040 (Toro earning 75% from Range River Gold Ltd). Based upon ongoing successful results, Toro plans to spend more than $3 million over the next four years on this highly prospective project.
An initial program of 200 air-core holes (~10,000m) is planned, with the objectives of scoping the potential of previously identified mineralisation and defining possible extensions at the Warrior Project, in preparation for more formal resource definition work to be commenced later in the calendar year.
Contact
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
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