- Tesoro Gold (TSO) reports high-grade gold from its ongoing infill and extensional drill program at its El Zorro project in Chile
- The company received assays from three holes drilled at the Ternera gold deposit, aiming to improve the resource classification and extend high-grade mineralisation in the area
- Tesoro says the results provide significant infill intercepts within the existing resource, further upgrading the deposit’s mineral resource estimate (MRE)
- The company has drilled 11 holes for 4301 metres, with assays outstanding for six holes
- Shares are trading 3.03 per cent higher at 3.4 cents each at 12:56 pm AEST
Tesoro Gold (TSO) has reported high-grade gold from its ongoing infill and extensional drill program at its El Zorro project in Chile.
The company has received assays from three holes drilled at the Ternera gold deposit, aiming to improve the resource classification and extend high-grade mineralisation in the area.
One hole intercepted 22.08 metres at 1.98 grams per tonne (g/t) gold from 346 metres, including higher grade hits of 17.86 metres at 2.35 g/t gold and 4.36 metres at 4.67 g/t gold.
Another hole struck a 221-metre zone grading 0.85 g/t gold from 153 metres.
Tesoro said the results provided significant infill intercepts within the existing resource, further upgrading the deposit’s mineral resource estimate (MRE).
Managing Director Zeff Reeves said drilling was progressing well in Chile.
“What we are seeing is low grade or ‘no grade’ areas being significantly upgraded with results from this program, which we believe will have a positive impact on the Ternera MRE and distribution of indicated and inferred resources,” he said.
The company has drilled 11 holes for 4301 metres, with assays outstanding for six holes.
It has now begun drilling the first hole at the Calderillas target, with a total of four holes planned in this area.
Shares were trading 3.03 per cent higher at 3.4 cents each at 12:56 pm AEST.