- Tesoro Resources (TSO) identifies high potential gold targets at its El Zorro Gold Project in Chile
- The targets were identified via mapping and sampling programs undertaken to outline occurrences of the main gold host rock and define additional drill targets
- Up to 101.50 parts per million gold was encountered and the surface gold anomalism at El Zorro has been expanded to seven kilometres by six kilometres
- Tesoro is now waiting on results from the recent drilling program at the Ternera Deposit and it is expected an updated MRE will be completed once the results have been received
- Shares in Tesoro are up 1.22 per cent and are trading at 8.3 cents
Tesoro Resources (TSO) has identified high potential gold targets at its El Zorro Gold Project in Chile.
The targets were identified via first pass mapping and channel sampling programs with the findings indicating the potential of El Zorro to host further mineralisation.
A total of 1795 samples were collected in the mapping and sampling programs which were undertaken to outline occurrences of the main gold host rock and define additional drill targets.
Up to 101.50 parts per million (ppm) gold was encountered and the surface gold anomalism at El Zorro has been expanded to seven kilometres by six kilometres.
“Having just spent the week at El Zorro walking the ground with the team, I am excited about the sheer scale of the mineralising system at El Zorro and the substantial targets being delineated,” Managing Director Zeff Reeves said.
“Our team has successfully delineated multiple, large scale, prospective zones of the host El Zorro Tonalite which have all the hallmarks of hosting significant gold mineralisation. These new targets are significantly more extensive than the footprint of the Ternera Gold Deposit.”
“We are excited about the growing prospectivity of the district and are looking forward to drilling these areas in the coming months.”
Tesoro is now waiting on results from the recently completed drilling program at the Ternera Gold Deposit and will report on the results once the become available.
Further, it is expected an updated mineral resource estimate will be completed within two to three weeks following the receipt of the drilling results.
Shares in Tesoro were up 1.22 per cent and were trading at 8.3 cents at 11:25 am AEST.