Copper Stocks; Toro Resources Corp (CNSX:TRK) : Positive Independent Consultant Report for the Morgan Peak Copper Project
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 28, 2010) - Toro Resources Corp. (CNSX:TRK) (the "Company") is pleased to announce completion of initial mapping and an aerial survey at its Morgan Peak Copper Project. The project is located within the World Class Globe-Miami Mining District in central Arizona, close to major copper mines, such as the recently opened Carlota (Quadra/FNX), and major new discoveries such as Resolution (Rio Tinto/BHP Billiton).
The Company implemented an evaluation and mapping program by Dr. Warren Pratt. Dr. Pratt examined Morgan Peak over a 10-day period in July. In his executive summary, Dr. Pratt confirms the presence of significant copper mineralization across an area of roughly 3 km x 0.8 km. He also emphasizes potential for other mineralized zones in previously ignored areas and considers many of the targets as "virtually drill ready". Dr. Pratt's discovery of the Birthday Zone, an untested target with great promise, highlights the need for detailed mapping of the entire project. His work provides an excellent starting point for remapping.
"We are excited by the positive report from Dr. Pratt and the new targets he has generated," said Bill Galine, president of Toro Resources. "We are fortunate that Dr. Pratt could assess the property. As well as confirming known copper mineralization, probably leachable, in the West part of the area, he agrees that the Morgan Peak project has significant exploration potential. His new drill targets reinforce our view that additional mineralization will be found elsewhere on the large claim block."
Geologic mapping, sampling and drilling are scheduled for later in the year, depending on permitting. A recent aerial survey over approximately 1550 hectares at Morgan Peak will produce air photos, a topographic map with 1 m contours, and an orthophoto map of the claim at a scale of 1:1000. All will be used for detailed geologic mapping in the near future. A field survey program will provide detailed surface information including sampling, outcrop and contact locations, as well as accurate historic drill hole locations with elevations.
Toro's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bernie Stannus P.Eng, Toro's vice-president of exploration, who serves as a qualified person under the definition of National Instrument 43-101. Toro Resources recently launched its website which includes the company's new corporate presentation and fact sheet. Please visit www.tororesources.com. Toro Resources Corp. (CNSX:TRK) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favourable geo-political areas. The Company is led by a highly skilled and experienced board and has a management team that has had significant success in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "William Galine"President & Director
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, uncertainties of resource and reserve estimations, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Fluctuations in metals prices, availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.
Issued Share Capital: 17,898,636
The Company implemented an evaluation and mapping program by Dr. Warren Pratt. Dr. Pratt examined Morgan Peak over a 10-day period in July. In his executive summary, Dr. Pratt confirms the presence of significant copper mineralization across an area of roughly 3 km x 0.8 km. He also emphasizes potential for other mineralized zones in previously ignored areas and considers many of the targets as "virtually drill ready". Dr. Pratt's discovery of the Birthday Zone, an untested target with great promise, highlights the need for detailed mapping of the entire project. His work provides an excellent starting point for remapping.
"We are excited by the positive report from Dr. Pratt and the new targets he has generated," said Bill Galine, president of Toro Resources. "We are fortunate that Dr. Pratt could assess the property. As well as confirming known copper mineralization, probably leachable, in the West part of the area, he agrees that the Morgan Peak project has significant exploration potential. His new drill targets reinforce our view that additional mineralization will be found elsewhere on the large claim block."
Geologic mapping, sampling and drilling are scheduled for later in the year, depending on permitting. A recent aerial survey over approximately 1550 hectares at Morgan Peak will produce air photos, a topographic map with 1 m contours, and an orthophoto map of the claim at a scale of 1:1000. All will be used for detailed geologic mapping in the near future. A field survey program will provide detailed surface information including sampling, outcrop and contact locations, as well as accurate historic drill hole locations with elevations.
Toro's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bernie Stannus P.Eng, Toro's vice-president of exploration, who serves as a qualified person under the definition of National Instrument 43-101. Toro Resources recently launched its website which includes the company's new corporate presentation and fact sheet. Please visit www.tororesources.com. Toro Resources Corp. (CNSX:TRK) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favourable geo-political areas. The Company is led by a highly skilled and experienced board and has a management team that has had significant success in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "William Galine"President & Director
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, uncertainties of resource and reserve estimations, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Fluctuations in metals prices, availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.
Issued Share Capital: 17,898,636
The Canadian National Stock Exchange has neither approved nor disapproved the contents of this press release.
For more information, please contact
Toro Resources Corp.
William Galine
President and Director
(604) 662-5383
(604) 662-3904 (FAX)
bgaline@tororesources.com
www.tororesources.com
Toro Resources Corp.
William Galine
President and Director
(604) 662-5383
(604) 662-3904 (FAX)
bgaline@tororesources.com
www.tororesources.com
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
