Diamond drill rigs at Ternera Source: Tesoro Gold
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  • Tesoro Gold (TSO) restarts drilling at its El Zorro gold project in Chile
  • Two diamond drill rigs have begun spinning at the Ternera Gold Deposit where the company announced an upgraded mineral resource estimate of 1.1 million ounces at 1.12 g/t gold
  • Drilling is scheduled to continue for up to four months, with the aim to expand the Ternera mineral resource estimate
  • The work is scheduled to begin in early August 2022, once additional mapping and sampling programs are complete
  • Tesoro Gold is down 2.13 per cent, trading at 4.6 cents at 2:04 pm AEST

Tesoro Gold (TSO) has restarted drilling at its El Zorro gold project in Chile.

Two diamond drill rigs have begun spinning at the Ternera Gold Deposit where the company announced an upgraded mineral resource estimate (MRE) of 1.1 million ounces at 1.12 grams of gold per tonne (g/t).

Drilling is scheduled to continue for up to four months, with the aim to expand the Ternera MRE both within the existing optimised pit shell and along strike to the north and south.

The drilling will also assist in upgrading the resource classification for certain areas within the existing MRE.  

Tesoro Managing Director Zeff Reeves said the company is pleased to have drill rigs operating again at El Zorro with a focus on the continued expansion of the Ternera Gold Deposit.

“Our belief is that Ternera has significant potential for continued resource growth, with initial drilling focused on adding additional ounces within the existing optimised pit shell,” Mr Reeves said.

“We see significant opportunity, particularly down plunge of the high-grade zones defined in the MRE which the first three holes will target, before looking to expand the deposit north and south where mineralisation remains open.”

The work is scheduled to begin in early August 2022, once additional mapping and sampling programs are complete.

Tesoro Gold was down 2.13 per cent, trading at 4.6 cents at 2:04 pm AEST.  

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