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- Channel sampling undertaken at Tesoro Resources’ (TSO) El Zorro Gold Project in Chile has expanded surface gold mineralisation
- Results indicate a large, widespread gold system that spans 785 metres at the Coquetas prospect
- Tesoro is now undertaking a 11-hole drill program at El Zorro and so far 10 holes have been drilled
- Drilling will hopefully outline areas to explore for future programs at El Zorro and Coquetas
- Tesoro is down 11 per cent on the market this morning and shares are currently trading for 7.3 cents each
Channel sampling undertaken at Tesoro Resources’ (TSO) El Zorro Gold Project in Chile has expanded the surface gold mineralisation of the area.
Results from this program include 45 metres at 0.69g/t gold including three metres at 3.80g/t gold, and 97 metres at 0.55g/t gold including two metres at 3.60g/t gold.
Importantly, these results add onto those recently announced on April 17.
These results indicate a large, widespread gold system that spans a length of 785 metres at the Coquetas prospect.
In 2019, Tesoro completed a channel sampling program over Coquetas to collect data and gain a better understanding of the distribution and extent of gold mineralisation.
Approximately 1057 samples were collected from 77 channels, and were then sent to ALS Laboratories in Santiago, Chile, for analysis.
“These additional assays tie into the previously announced results defining a large zone of continuous surface gold mineralisation at Coquetas,” Managing Director Zeff Reeves commented.
“We are not only seeing a large system emerging but results to date indicate that mineralisation is continuous over a large area which is encouraging,” he said.
“We have decided to drill an additional hole in the current program to provide additional information and test the southern extent of Coquetas,” he added.
Tesoro is now undertaking a 11-hole drill program at El Zorro and so far 10 holes, for 2532 metres, have been drilled.
Results from this drill will be assessed with data obtained from surface mapping and sampling, and will outline areas to drill and explore for future programs at both El Zorro and Coquetas.
Tesoro is down 11 per cent and shares are trading for 7.3 cents each at 11:29 am AEST.
