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- Tesoro Resources (TSO) receives a new batch of assay results from the Ternera Gold Deposit at its El Zorro Gold Project in Chile
- A 60,000 metre extensional and infill drilling program is underway to increase the existing Ternera mineral resource of 660,000 ounces of gold
- Results have been received for nine diamond holes with all intersecting gold mineralisation and grades peaking at 15.95 grams of gold per tonne (g/t)
- Drilling is continuing at El Zorro with a focus on targets at Ternera East, Drone Hill and Toro Blanco
- Tesoro shares are trading 4.76 per cent down at 10 cents at 1:05 pm AEDT
Tesoro Resources (TSO) has received a new batch of assay results from the Ternera Gold Deposit at its El Zorro Gold Project in Chile.
A 60,000 metre extensional and infill drilling program is underway to increase the existing Ternera mineral resource of 660,000 ounces of gold.
Results have been received for nine diamond holes with all intersecting gold mineralisation.
Best results include one metre at 15.95 grams of gold per tonne (g/t) from 156 metres, 9.30 metres at 8.79g/t gold from 138.5 metres and 7.15 metres at 4.85g/t gold from 375.85 metres.
These results continue to define the continuity of high-grade gold mineralisation within north-south trending fault zones.
Managing Director Zeff Reeves commented on the results and further work.
“Ternera continues to deliver strong results with each drillhole adding to our confidence at Ternera. These results demonstrate that the high-grade zones associated with north-south faults are predictable and continuous,” Mr Reeves said.
“Four of these fault zones have been well drilled and each is over 700 metres long and mineralised from surface to over 300 metres depth.”
Drilling is continuing at El Zorro with a focus on targets at Ternera East, Drone Hill and Toro Blanco.
Results are also pending for a further 44 holes and results will be reported on as they become available.
Once received, these results will be used to update the existing mineral resource estimate which is expected to be released in Q4 2021.
Tesoro shares are trading 4.76 per cent down at 10 cents at 1:05 pm AEDT.
