Tesoro Resources (ASX:TSO) expands Ternera mineralisation
Source: Tesoro Resources
  • Tesoro Resources (TSO) has expanded the mineralised footprint at Ternera, within its El Zoro Gold Project in Chile
  • The company said step-out drilling to the north and south of Ternera had successfully intersected significant gold intersections
  • Drilling in the north returned an intercept of 15 metres at 0.68 g/t gold from 115 metres including 1 metre at 5.64 g/t gold from 126 metres
  • While further drilling is also planned to test Ternera, with two diamond drill rigs operating 24 hours a day
  • Shares in Tesoro opened trading for 24 cents each

Precious metals explorer Tesoro Resources (TSO) has expanded the footprint at Ternera, which lies within the El Zoro Gold Project.

Tesoro has the right to earn up to an 80 per cent interest in El Zoro, which is located on the coast of Chile.


Step-out drilling was carried out at the Ternera mineralised zone, to test the north and south zones of the deposit.

Significantly, the drilling has encountered gold mineralisation at both ends, doubling the drilled mineralised footprint at El Zoro.

Drilling at the northern end returned early results showing an intercept of 15 metres at 0.68 g/t gold from 115 metres including 1 metre at 5.64 g/t gold from 126 metres.

While drilling at the southern end extended the high-grade gold zone by another 120 metres, with visible gold sighted sporadically between 256 metres and 317 metres downhole.

"Together these holes more than double the existing drilled gold footprint of Ternera and further demonstrate the potential for Ternera to become a significant
gold deposit," Tesoro Managing Director Zeff Reeves said.

Next steps

Drilling is continuing at Ternera, with two diamond drill rigs at the site operating 24 hours a day.

Additional holes are also being planned to test the expanded north and south zones, while the current drill program has also been extended.

A total of 26 holes have already been drilled at the site, for just under 7,000 metres, with assay results outstanding on 17 of those holes.

Following today's pre-market open update, shares in TSO opened at 24 cents each.


TSO by the numbers
More From The Market Herald
Australian Vanadium (ASX:AVL) - Managing Director, Vincent Algar - The Market Herald

" Australian Vanadium (ASX:AVL) signs MoU with Singaporean battery producer

Australian Vanadium (AVL) has signed a memorandum of understanding (MoU) with V-Flow Tech.
Australian Strategic Materials (ASX:ASM) - Managing Director, David Woodall - The Market Herald

" Australian Strategic Materials (ASX:ASM) produces key permanent magnet alloy

Australian Strategic Materials (ASM) has produced six kilograms of a neodymium iron boron (NdFeB) alloy with the Korean Institute of Rare Metals (KIRAM).
Syrah Resources (ASX:SYR) - Managing Director & CEO, Shaun Verner - The Market Herald

" Syrah Resources (ASX:SYR) completes BFS for U.S. natural graphite facility

Syrah Resources (SYR) has released its bankable feasibility study (BFS) for its flagship natural graphite active anode material (AAM) production facility.
Strategic Elements (ASX:SOR) hits development milestone with battery ink

" Strategic Elements (ASX:SOR) hits development milestone with battery ink

Venture builder Strategic Elements (SOR) is one step closer to producing self-charging batteries after it successfully scaled up its battery ink.