The company intersected a large-scale geochemical alteration system in the northern part of its wholly owned Karns tenement, which mirrors an airborne radiometric anomaly.
Results of samples submitted at the ALS Laboratories for analysis demonstrated U3O8 up to 280ppm and Cu up to 1360ppm in rockchips of quartz sandstone.
According to Toro, the area hosts similar targets, as breccia pipe clusters are already prevalent in the McArthur Basin.
Toro expects to continue with soil and rockchips sampling at Karns as well as the Selby tenement.
The company will use ground electromagnetics to identify drill targets in the McArthur Basin and later develop further geophysics and initial reconnaissance drilling program.
