TOE 0.00% 2.0¢ toro energy limited

toro energy confirms moroccan

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    Toro Energy Confirms Moroccan
    Uranium Potential
    Toro Energy Limited (“Toro”, ASX code “TOE”) signed a
    Memorandum of Understanding with The National Office of
    Hydrocarbons and Minerals (ONHYM) of Morocco and
    subsequently held meetings and conducted a site visit in June.
    Although further research and site visits will be necessary prior to
    entering into Joint Venture discussions, Toro’s new field work in
    recent weeks has confirmed the potential of uranium mineralisation
    in all three Moroccan areas under consideration.
    Haute Moulouya
    • Potential for roll-front and palaeochannel uranium deposits
    exists in sediments overlying uranium bearing granites;
    • Uranium concentrations of up to 1200 ppm (0.12%) U3O8
    reported by previous exploration;
    • Lead has been mined in the vicinity, and any Joint Venture
    over this area will include uranium and lead.
    Wafagga
    • Reported to contain uranium in numerous palaeochannels;
    • Uranium mineralisation has been documented through
    drilling and exploratory underground workings with the best
    diamond drill hole reported to contain 1 metre at 1295 ppm
    (0.13%) U3O8;
    • Uranium mineralisation is reported to occur within lenses
    measuring from 20-50m x 10m x 1m to 500m x 6m x 6m;
    • The tenor of the mineralisation reported in these lenses
    ranges from 300ppm (0.03%) to 1000ppm (0.1%).
    Sirwa
    • Contains the historic Zgounder silver mine, which has
    associated uranium.
    Date 13/7/2007
    ASX Code: TOE
    ACN 117 127 590
 
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