- Tesoro Resources (TSO) has uncovered its best gold results so far at the El Zoro project in Chile
- The company has already gathered results from the upper part of the first drill hole at El Zoro, which include 23 metres at 7.20 g/t from 183.22 metres
- Tesoro is currently drilling 10 holes at El Zoro and aims to get the rest of the results in the next two weeks
- Just last month, the company was re-listed on the ASX after it successfully completed a $4.63 million capital raising
- Tesoro was up as much as 58.8 per cent on the market today, trading at 2.7 cents apiece
Tesoro Resources (TSO) has received its best gold results so far at the El Zoro project in Chile.
The company has received the upper part of the first drill hole at the project. Results include 23 metres at 7.20 g/t from 183.22 metres including 15 metres at 10.82 g/t from 190 metres.
Tesoro is currently drilling 10 holes at El Zoro and aims to get the rest of the results in the next two weeks.
Just last month, the company was re-listed on the ASX after it successfully completed a $4.63 million capital raising.
Managing Director Zeffron Reeves said this is the best gold results the company has seen at El Zoro.
“The wide, high-grade nature of the results received so far demonstrate the huge potential El Zorro has to host a significant gold deposit and confirms our geological model of multiple stacked gold mineralised zones that are increasing in grade as they go deeper,” he explained.
“We have now completed three holes of the current program and have stepped to the north in order to extend the current drilled mineralised zone by an additional 250m from where we are intersecting the host El Zorro Tonalite,” he added.
Tesoro Resources is up 58.8 per cent on the market this morning, trading at 2.7¢ apiece at 11:18 am AEDT.