Join our daily newsletter At The Bell to receive exclusive market insights
- Tesoro Resources (TSO) has extended its Ternera deposit by 400 metres following step out drilling at the El Zorro Gold Project in Chile
- The company received assays for eight diamond drill holes completed as part of an extensional and infill drilling program
- The results increased the potential scale of the deposit and confirmed the continuity of gold mineralisation along the Ternera East trend
- The company says its focus is on delivering an expanded gold mineral resource in the first quarter of 2022 to support the ongoing development of the project
- Tesoro Resources is up 5.26 per cent, trading at 8 cents at 11:30 am AEDT
Tesoro Resources (TSO) has extended its Ternera deposit by 400 metres following step out drilling at the El Zorro Gold Project in Chile.
Tesoro received assays for eight diamond drill holes completed as part of the current extensional and infill drilling program at El Zorro.
The company said the results increase the potential scale of the Ternera Gold Deposit and confirm the continuity of gold mineralisation along the Ternera East trend.
Results included 5.5 metres at 13.22 grams per tonne (g/t) gold from 122 metres, and 2 metres at 2.30 g/t gold from 427 metres.
The deposit has now been drilled over 1.3 kilometres in strike length and remains open in all directions.
“We have identified major extensions north and south adding over 400 metres of strike length, as well as seeing continuous gold mineralisation covering over 800 metres of strike at Ternera East,” Tesoro Managing Director Zeff Reeves said.
“In addition, infill drilling has extended and upgraded existing gold zones within the deposits, which bodes well for significant resource growth.”
The company said its focus will now be on delivering an expanded gold mineral resource in the first quarter of 2022 to support the ongoing development of the El Zorro Project.
Assays are still pending for 40 diamond drill holes, with results to be announced once received.
Tesoro Resources was up 5.26 per cent, trading at 8 cents at 11:30 am AEDT.
