- Tesoro Gold (TSO) confirms its El Zorro project as a new Chilean Intrusive Related Gold System (IRGS) district
- The discovery comes after surface sampling and mapping programs which detected wide zones of surface gold anomalism similar to the Ternera gold deposit
- TSO plans to conduct further mapping and sampling work to expand and identify new targets
- In the meantime, it will recommence drilling at the Ternera deposit in the coming days
- Shares are trading in the grey at 4.6 cents each at 12:41 pm AEST
Tesoro Gold (TSO) has confirmed its El Zorro project as a new Chilean Intrusive Related Gold System (IRGS) district.
The discovery was made following surface sampling and mapping programs which detected wide zones of surface gold anomalism.
The company has interpreted the mineralisation to be similar to the nearby 1.1 million ounce Ternera gold deposit and has defined “lookalike” drill targets.
Meanwhile, sampling over 12 kilometres of strike confirmed the presence of gold within El Zorro Tonalite (EZT) intrusive rocks, expanding the gold mineralisation footprint of the project.
Tesoro has planned to conduct further mapping and sampling work to expand and identify new targets.
“Our recent exploration activities have now confirmed that El Zorro is a new gold district,” Managing Director Zeff Reeves said.
Equipment has arrived at the project as TSO prepares to recommence drilling at the Ternera deposit.
Shares were trading in the grey at 4.6 cents each at 12:41 pm AEST.