The analysis provided a physical confirmation of high-grade uranium mineralization located within the fine sands and silts with peak assay over 10cm of 1.64% cU3O8 in LM184.
The company intersected 0.85m @ 0.29% cU3O8 in LM184 drill hole, 0.48m @ 0.21% cU3O8 in LM185, and 0.90m @ 0.06% cU3O8 in LM183.
Toro managing director Greg Hall said the company is encouraged by the confirmation in core of uranium mineralisation being associated with permeable fine silty sands.
"Drilling these cored intervals has provided support to previous geotechnical results on positive disequilibrium within the higher grade intervals," Hall added.
"Mineralisation also appears to be within a saturated, confined aquifer system that adds to the potential of mining with ISR methods in the future."
The assays results are significant because the Prompt Fission Neutron (PFN) and gamma values over the mineralized intervals have reported lower pU3O8 and eU3O8.
The comparison of grade thickness values confirms that adjustments to both the PFN and gamma values will be needed to accurately measure uranium concentration at Theseus; and the assay results lend support to the disequilibrium factor of 1.4 previously reported from the closed lead canister work.
The results indicate that the actual uranium grade at the Theseus deposit may exceed the anticipated levels and the drill holes GT cut-off of less than 0.1m% could be more and impact the extent of defined mineralization and ultimately project scale.
