- Tesoro Resources (TSO) returns high-grade assay results from the Tenera East Gold Target at its El Zorro Gold Project in Chile
- Diamond drilling roughly 400 metres east of the company’s Ternera Gold Deposit returned intercepts including 7.5 metres at 1.15g/t gold from 298.5 metres
- Six drill rigs continue to work around the clock, with four rigs at Ternera targeting mineral resource expansion and infill, and two drilling at Ternera East
- Tesoro Resources last traded at 11 cents on August 10
Tesoro Resources (TSO) has returned high-grade assay results from the Tenera East Gold Target at its El Zorro Gold Project in Chile.
Results were received from diamond drilling around 400 metres east of the company’s Ternera Gold Deposit, with significant intercepts including 7.5 metres at 1.15g/t gold from 298.5 metres.
The hole intercepted multiple altered bodies of the El Zorro Tonalite, the primary gold host lithology at El Zorro, which the company says provides confidence that gold mineralisation is likely to occur.
The zone was confirmed from surface by channel sampling and by two drill holes to depth, which Tesoro says provides scope to define additional gold resources at El Zorro.
“This hole, along with hole ZDDH0149, demonstrate the high potential of defining additional resources outside of the Ternera Mineral Resource Model,” said Tesoro Managing Director, Zeff Reeves.
“It is our firm belief that the Ternera Deposit is part of a large Intrusive Related Gold System analogous to the Tintina Province in Alaska and that repetitions within the district are possible as shown by these early results from Ternera East.”
Six drill rigs are still working around the clock, with four rigs at Ternera targeting Mineral Resource expansion and infill and two drilling at Ternera East. Assays remain pending for a further 48 diamond drill holes.
Tesoro Resources last traded at 11 cents on August 10.