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Drilling at project site. Source: Jason Stirbinskis/Twitter
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  • Los Cerros (LCL) progresses southern step out drilling program at the Tesorito discovery which is part of the Quinchia gold project in Colombia
  • New results from Tesorito South confirm the continuation of high-grade gold and results from the northern area delivered extensive but low-grade gold
  • Importantly, LCL now believes the Tesorito South and Tesorito North mineralisation form part of the same gold porphyry which is currently defined over 600 metres
  • Los Cerros plans to expedite drilling and has added a fifth diamond rig to the drilling fleet
  • Company shares are up 7.41 per cent to trade at 14.5 cents

Los Cerros (LCL) is continuing to progress its southern step out drilling program at the Tesorito discovery which is part of the Quinchia gold project in Colombia.

The latest results from the southern step out campaign confirms the continuation of high-grade gold associated with the early diorite, particularly in a south-southeast direction.

Best results include 26 metres at 2.14 grams per tonne (g/t) of gold from six metres, 27.5 metres at 2.73 g/t gold from 121.5 metres, and 211 metres at 0.8 g/t gold from surface, including 64.6 metres at 1.25 g/t gold.

Additionally, the northern step-out program delivered multiple long, low-grade gold intercepts which expanded the modelled low gold grade envelopes in a north-northeast to northeast trend that’s adjacent to the Marmato Fault.

The combined Tesorito South and Tesorito North mineralisation is now believed to form part of a single mineralised system which is currently 600 metres long and open.

Further to this, Los Cerros identified a ‘compelling’ gold porphyry target conforming to the north-northeast orientation of the gold envelopes and adjacent Marmato fault. The target hasn’t yet been drill tested but LCL plans to follow it up once further geophysical surveys are completed.

“We are increasingly confident that Tesorito South and Tesorito North mineralisation form part of the same gold porphyry — the Tesorito Gold Porphyry, currently defined over a 600 metres length,” Managing Director Jason Stirbinskis said.

“The new northern IP target occurs under a topographic high. It might represent a further extension of the Tesorito gold porphyry and indicate a source for the expanse of lower grade gold mineralisation defined by drill intersections which extend northward.”

In order to expedite drilling, the company has added a fifth diamond rig which will commence this month.

Company shares were up 7.41 per cent to trade at 14.5 cents at 12:13 pm AEDT.

LCL by the numbers
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