- Tesoro Resources (TSO) receives positive gold assays for four out of eight diamond drill holes from its Ternera gold deposit within the El Zorro gold project in Chile
- Promising results from the drilling include seven metres at 2.73 grams per tonne (g/t) of gold from 130 metres, including 1.15 metres at 8.84g/t of gold from 130.85 metres
- The 60,000-metre infilland extentional program will continue with the aim to extend the resources
- Managing Director Zeff Reeves said “we’ve obviously got plenty of drilling to do to delineate this area adequately, but these early results are very promising”
- Shares were trading grey at 8.3 cents a share at 2.24 pm AEDT
Tesoro Resources (TSO) has received positive gold assays for four out of eight diamond drill holes from its Ternera gold deposit within the El Zorro gold project in Chile.
The drill holes were completed as part of the infill and extensional 60,000-metre drill program.
The most promising results from the drilling included seven metres at 2.73 grams per tonne (g/t) of gold from 130 metres including 1.15 metres at 8.84g/t of gold from 130.85 metres.
As well as 0.50 metres at 6.98 g/t of gold from 232.50 metres and 4.60 metres at 1.76 of gold from 246.90 metres
Included in the intercept above was 2.42 metres at 2.85g/t of gold from 248.58 metres and 1 metre at 2.8g/t from 439 metres.
Managing Director Zeff Reeves said the results confirm an extensive gold zone.
“The results from Ternera East are very encouraging as we can now link zones of previously drilled gold mineralisation both up and down dip as well as along strike, confirming the presence of an extensive gold zone,” he said.
“This area is important to us as any gold resources defined to the east of the main Ternera Deposit have the potential to materially affect the economics of open-pit mining at Ternera.
“We’ve obviously got plenty of drilling to do to delineate this area adequately, but these early results are very promising.”
Shares were trading grey at 8.3 cents a share at 2.24 pm AEDT.