Join our daily newsletter At The Bell to receive exclusive market insights
- Tesoro Resources (TSO) continues to expand the gold mineralisation at the Ternera prospect at its El Zorro Gold Project in Chile
- Of the seven holes the company received results for, grades peaked at 9.09g/t gold
- A 30,000-metre resource definition and extensional drilling program has been planned for Ternera with aims to outline a maiden resource estimate by June
- Additionally, a maiden drilling program will begin in January at the Toro Gordo target
- Tesoro is up 3.77 per cent on the market and shares are trading at 27.5 cents
Tesoro Resources (TSO) continues to expand the gold mineralisation at the Ternera prospect at its El Zorro Gold Project in Chile.
The company has drilled 79 diamond holes, for 20,959 metres, at Ternera and has received assay results from seven recently completed holes.
Three of them intersected broad mineralised gold zones, expanding the mineralised zone to the northeast and south.
Significant results include 166 metres at 0.57g/t gold from 166 metres, including five metres at 9.09g/t gold from 311 metres, and 87.5 metres at 0.72g/t gold from 194.5 metres, including 5.6 metres at 4.37g/t gold from 236 metres.
Tesoro also received additional results from hole ZDDH00029 which returned a peak of 213.5 metres at 0.73g/t gold from 29.5 metres, including 63.5 metres at 1.81g/t gold.
“Another set of solid results from Ternera, demonstrating the continuity of the broad mineralised zone extending to the south and a significant new zone of mineralisation to the north, northeast of the deposit,” Managing Director Zeff Reeves said.
“The additional sampling from hole ZDDH00029 has identified more mineralisation at depth, with that hole now returning an intercept over 213.5 metres, which demonstrated the potential for Ternera to be continuously mineralised from the surface to depth,” he added.
A 30,000-metre resource definition and extensional drilling program has been planned for Ternera with aims to outline a maiden resource estimate by June 2021.
This program is planned to begin in Q1 2021.
Additionally, a maiden drilling program will begin in January at the Toro Gordo target.
Tesoro is up 3.77 per cent on the market and shares are trading at 27.5 cents at 11:40 am AEDT.
