Toro Energy Limited Commences 2013 Infill Drilling Program at Wiluna
03.05.2013 | ABN Newswire
10:01 AEST May 3, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.Adelaide, Australia (ABN Newswire) - Toro Energy has commenced its 2013 extensive infill drilling program at the Company's wholly owned Wiluna Uranium Project, based near Wiluna in Western Australia. The schedule is focused on three of the five deposits within the Wiluna Project regional resource: Lake Way, Millipede and Dawson Hinkler. Both sonic core drilling and air core drilling techniques will be utilised to drill 370 holes over a 7,000 metre drilling program.
The campaign is designed to further advance the Wiluna Project towards mine development decision beginning at the Centipede and Lake Way deposits where mining has already received Western Australian and Federal Government environmental approvals. This is the largest single drilling program Toro Energy has undertaken on the Wiluna Uranium Project.
'With the recent completion of government environmental approvals for mining at Centipede and Lake Way, Toro is continuing to advance the project and position it a step closer to being Western Australia's first uranium mine.' Managing Director, Vanessa Guthrie said today.
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About Toro Energy Limited:
Toro Energy is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in Perth, Western Australia.
Toro’s flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.
Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway. Toro has advanced the Approvals process with an anticipated date of mid-2012, construction through 2013 and first uranium sales in 2014.
Toro has a new uranium project at Theseus in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa.
Contact:
Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au