Tesoro Resources (ASX:TSO) confirms high-grade gold at Ternera
Source: Tesoro Resources
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  • Tesoro Resources (TSO) continues to confirm high-grade gold potential at the Ternera Gold Deposit in Chile
  • This deposit is located within the El Zorro Gold Project where the company is delivering a maiden mineral resource estimate
  • Latest assays account for 10 drill holes — all of which returned significant gold results including grades of up to 63.1g/t gold or 2.11g/t over 25 metres
  • Tesoro has drilled 179 diamond holes so far with assays pending for 46 holes
  • Tesoro's shares are trading in the grey at 13.5 cents apiece at 11: 50 am AEST

Tesoro Resources (TSO) has received assays from extensional and infill resource definition drilling at the Ternera Gold Deposit in Chile.

This deposit is within the El Zorro Gold Project where Tesoro is aiming to complete a maiden mineral resource estimate.

The latest results account for 10 drill holes — all of which returned significant gold results.

Best assays include 0.91 metres at 7.59 grams of gold per tonne (g/t) from 78.29 metres, seven metres at 3.22g/t gold from 103 metres, 25 metres at 2.11g/t gold from 119 metres including 0.59 metres at 63.1g/t gold from 120 metres, and 107 metres at 0.49g/t gold from 239 metres.

Pleasingly for the company, these results define multiple continuous higher-grade zones with Ternera's mineralised envelope. Mineralisation remains open in all directions and six drill rigs will continue operating on a 24/7 basis.

Managing Director Zeff Reeves said: "Ternera continues to produce consistent results with multiple high-grade zones now having been delineated.

"We are in the enviable position of having our hands on an expanding gold system in a tier one mining jurisdiction and we are excited by the potential we are seeing at Ternera."

The company has drilled 179 diamond holes, for 55,724 metres, and assays are pending for 46 holes.

Tesoro's shares were trading in the grey at 13.5 cents apiece at 11:50 am AEST.

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