- Tesoro Resources (TSO) receives assays for six diamond holes drilled at the Ternera gold deposit within the El Zorro gold project in Chile
- All six holes have intercepted both wide and shallow zones of gold mineralisation which improves continuity within the existing resource model
- The 60,000-metre infill and extensional drilling program is continuing at El Zorro with the aim of increasing gold resources
- Company shares are trading steady at 8.1 cents
Tesoro Resources (TSO) has received assays for six diamond holes from the Ternera gold deposit within the El Zorro gold project in Chile.
The drill holes were completed as part of an infill and extensional 60,000-metre drilling program.
Notably, all holes intercepted gold mineralisation with the wide zones improving continuity and broadening gold zones within the existing resource model.
Three of the holes were drilled in the southeast sector with one of the holes returning a wide intercept including multiple higher-grade zones.
Best results from the southeast portion include 116 metres at 0.98 grams per tonne (g/t) of gold from 264 metres, including 17 metres at 2.92 g/t gold from 270 metres and three metres at 7.16 g/t gold from 356 metres.
The other three holes were drilled to the northwest of the deposit and returned shallow, near surface gold intercepts which improve the continuity of shallow mineralisation.
Best results from the northwest include 180 metres at 0.35 g/t gold from 0.4 metres, including 6.5 metres at 2.11 g/t gold from 2.5 metres, plus 11 metres at 3.47 g/t gold from 76 metres, including three metres at 11.33 g/t gold from 82 metres.
“At Ternera, it is exciting to see that the more drilling we do, the larger the deposit is becoming,” Managing Director Zeff Reeves said.
“Our recent capital raising has the company well placed to deliver an expanded resource estimate and we are in a enviable position of drilling a mineralised body which continues to deliver outstanding drill results and remains open in all directions.”
Tesoro Resources is continuing to drill at El Zorro with the focus remaining on infill and extensional areas at Ternera, as well as additional targets. The company’s focus is on increasing gold resources at the project.
Company shares were trading flat at 8.1 cents at 11:59 am AEDT.