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Los Cerros (ASX:LCL) - Managing Director, Jason Stirbinskis
Managing Director, Jason Stirbinskis
Source: Los Cerros
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  • Los Cerros (LCL) receives further results from recent drilling at Tesorito South porphyry discovery in Colombia
  • Drilling was recently undertaken to define the boundaries of the gold mineralisation with previous work encountering spectacular intercepts
  • Best results come from hole 28 which intercepted up to nine grams of gold per tonne
  • Four rigs are currently drilling at Tesorito South, with the focus on targeting the north and south of zones of interest
  • Just before the market opens, shares in Los Cerros are sitting at 13 cents

Los Cerros (LCL) has received further results from recent drilling at Tesorito South porphyry discovery.

Tesorito South is part of the Quinchia Gold Project which lies in central west Colombia, 100 kilometres south of Medellin, the second-largest city in the country.

Drilling was recently undertaken to define the boundaries of the northern, eastern and southern envelopes of gold mineralisation which has already encountered multiple spectacular intercepts from surface.

Best results come from hole TS-DH28 which intercepted 32 metres at 1.3 grams of gold per tonne (g/t) from 228 metres including one metre at 9g/t gold from 241.1 metres.

Other results include 33.4 metres at 2.51g/t gold from 2.6 metres including 14 metres at 4.35g/t gold from four metres.

Managing Director Jason Stirbinskis continues to be encouraged by these results.

“We continue to be encouraged by strong results from our Tesorito drill campaign, particularly the high grade surface results in TS-DH29 and ’30 which add to the potential volumes of 2-3g/t gold extending from surface, which is always going to be positive when we ultimately consider mining economics,” Mr Stirbinskis said.

Los Cerros has also completed drone-based magnetic survey and induced polarisation geophysical programs over Tesorito, with data currently merging into geology and drill targeting models.

Four rigs are currently drilling at Tesorito South, with three targeting extensions to the north of the zones of interest.

The fourth has begun testing the southern extensions which remain open.

Just before the market opens, shares in Los Cerros were trading at 13 cents in an $82.63 million market cap.

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