- Tesoro Resources (TSO) has completed a gradient array induced polarisation (GAIP) survey at the El Zorro Gold Project in Chile
- 30 survey lines were completed to expand a previously surveyed area by 700 metres to the southeast and 700 metres to the northwest
- Multiple chargeability anomalies and structural trends were identified, with a significant anomaly correlating to Tesoro’s Ternera deposit
- Results from the GAIP survey have highlighted additional undrilled targets to the east of Ternera with detailed surface mapping and sampling now underway with aims to drill the target zone in early 2021
- Tesoro is up 5.36 per cent on the market this morning with shares trading at 29.5 cents
Tesoro Resources (TSO) has completed a gradient array induced polarisation (GAIP) survey at the El Zorro Gold Project in Chile.
30 GAIP survey lines were completed to expand a previously surveyed area by 700 metres to the southeast and 700 metres to the northwest.
Multiple chargeability anomalies and structural trends were identified, with a significant anomaly correlating to Tesoro’s Ternera deposit.
At Ternera, high-grade gold mineralisation is associated with quartz veins and breccias with a high sulphide content.
“Following the success of the previous GAIP survey in identifying sulphide minerals and structural trends associated with gold mineralisation, the decision was made to expand the existing GAIP survey coverage to help identify additional targets near the Ternera gold deposit,” Managing Director Zeff Reeves commented.
“The processed GAIP data has highlighted several new target trends, and in particular, a Ternera lookalike anomaly pattern located approximately 300 metres east,” he said.
“This obviously provides significant scope for repeats of Ternera style of mineralisation within the project area and supports our view that El Zorro is an emerging major gold system,” he added.
Results from the GAIP survey have highlighted additional undrilled targets to the east of Ternera.
Detailed surface mapping and sampling is now underway with aims to drill the target zone in early 2021.
Additionally, Tesoro is awaiting on results from 20 holes, with samples held in a laboratory in Santiago.
Tesoro is up 5.36 per cent on the market this morning with shares trading at 29.5 cents at 10:42 am AEDT.