- Tesoro Resources (TSO) further extends the Ternera Gold Deposit in Chile during recent drilling, with each hole hitting mineralisation
- TSO says the results from the 11-holes confirmed multiple wide gold zones on the western and eastern margins of the deposit outside of the mineral resource
- Best results include 16.4 metres at 2.35 grams per tonne gold from 204.6 metres including 2 metres at 12.74g/t gold
- The company is hoping to increase the existing 660,000 ounces maiden gold Mineral Resource at Ternera by Q4 CY21
- Shares in TSO are trading steady at 11.5 cents per share
Tesoro Resources (TSO) has further extended the Ternera Gold Deposit during recent drilling, with each hole hitting mineralisation.
TSO has carried out infill and extensional drilling at the deposit, which lies within its wider El Zorro Gold Project in Chile.
The company said the results from the 11-holes have confirmed multiple wide gold zones on the western and eastern margins of the deposit, outside of the mineral resource.
Tesoro is hoping to increase the existing 660,000 ounces maiden gold mineral resource at Ternera.
Best results from the latest drilling include 16.4 metres at 2.35 grams per tonne gold from 204.6 metres including 2 metres at 12.74g/t gold.
TSO Managing Director Zeff Reeves said he was confident the company would be able to extend the resource at El Zorro.
“Our confidence at Ternera continues to build as our drilling continues to show predictable, wide, well mineralised gold zones outside of the existing Mineral Resource,” Mr Reeves said.
“The more we drill, the more Tenera expands, demonstrating the potential of this emerging large-scale gold deposit at El Zorro and providing confidence that Tesoro is well on the way to providing a material Mineral Resource upgrade before year end.
“We believe this will demonstrate the potential of this emerging large-scale gold deposit at El Zorro.”
Tesoro aims to complete an additional 15,000 metres of drilling, with results to be included in the Ternera Mineral Resource update.
The update is expected in the fourth quarter of 2021, with assays outstanding for 43 diamond drill holes at the deposit.
Tesoro Resources shares were trading at 11.5 cents per share at 10:50 am AEST.