After a first hole was terminated early, the second hole is the first in the campaign to successfully exceed the 750m target depth, with the core now sent off to a laboratory for assay.
With the company looking to replicate the un-assayed results encountered in a historic hole drilled in 1984, a third hole at Toral was begun on Monday, given the name TOD-023.
Located at the centre of the previously defined high grade area of the deposit, the third hole is “significant in terms of defining a potential indicated resource”, the company said.
Toral’s lead, zinc and silver mineralisation currently comprises at least two, possibly three, plunging high-grade shoots, which are long seams of mineral-bearing rock, TOD-023 will help establish the size and shape of the shoots.
“TOD-023 has three clear objectives,” said executive director Laurence Read, “i) recovery of a significant metallurgical sample for metallurgical testwork to determine concentrate product types; ii) to assist with the definition of an initial Indicated resource estimate; and iii) to increase our understanding of how the high grade ore shoots behave and what the relationships might be between the structures as they come to surface."