Join our daily newsletter At The Bell to receive exclusive market insights
- Tesoro Gold (TSO) confirms a “significant” extension at the Ternera deposit within the El Zorro gold project in Chile
- TSO received drill results from seven holes with one hole returning a wide intercept of 53.5 metres at 1.17 g/t gold from 57 metres including 13.5 metres at 3.63 g/t gold
- The hole also intersected multiple gold zones outside the existing mineral resource (MRE) area, including a zone 200 metres south of the MRE area
- Mineralisation at the deposit remains open to the south with more assays pending
- TSO shares are in the grey to trade at 3.4 cents at 1:38 pm AEDT
Tesoro Gold (TSO) has received assay results from extensional and infill drilling completed at the Ternera gold deposit within the El Zorro gold project in Chile.
The company received assays for seven holes, which have all returned “significant” intercepts of gold mineralisation.
Tesoro highlighted hole ZDDH0309 as it intersected multiple gold zones outside the existing mineral resource estimate (MRE) area.
Results from the hole include a wide intercept of 53.5 metres at 1.17 grams per tonne (g/t) gold from 57 metres including 13.5 metres at 3.63 g/t gold from 70.5 metres and 6.37 metres at 1.14 g/t gold from 344 metres.
ZDDH0309 also identified a new, shallow, high-grade zone around 200 metres south of the existing MRE area and begins at 30 metres below surface.
The company believes there’s potential to increase the 1.1-million-ounce MRE 200 metres south.
“The Tesoro team has successfully found a large, near surface, high-grade mineralised zone which adds another 200 metres of strike to the already 800-metre long resource area,” Managing Director Zeff Reeves said.
“Ternera continues to deliver top class results with significant growth potential ahead.”
Mineralisation at the deposit remains open to the south with ZDDH0311 drilled a further 60 metres south with assays pending.
TSO shares were in the grey to trade at 3.4 cents at 1:38 pm AEDT.
