Tesoro Resources (ASX:TSO) expands Ternera mineralisation
Source: Tesoro Resources
Market Herald logo


Be the first with the news that moves the market
  • 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
Great Southern Mining (ASX:GSN) - Head of Exploration, WA, Simon Buswell-Smith - The Market Herald

" Great Southern Mining (ASX:GSN) encouraged by early Duketon results

Great Southern Mining (GSN) believes it is on the way to a “significant gold deposit” after receiving initial results from drills at the
Meteoric Resources (ASX:MEI) - Managing Director, Dr Andrew Tunks - The Market Herald

" Meteoric Resources (ASX:MEI) spies gold at Palm Springs

Meteoric Resources’ (MEI) follow-up drilling program has confirmed mineralisation extends further south at the Palm Springs Gold Project in WA.
Todd River Resources (ASX:TRT) - Managing Director, Will Dix (left) & Non Executive Director, Mark Bennett (right) - The Market Herald

" Todd River Resources (ASX:TRT) extends geochemical anomalies at Berkshire Valley

Todd River Resources (TRT) has extended geochemical anomalies at its wholly owned Berkshire Valley platinum-palladium-copper-nickel project in Western Australia.
Nova Minerals (ASX:NVA) - - The Market Herald

" Nova Minerals’ (ASX:NVA) investee updates market on IPO

Nova Minerals (NVA) majority owned Canadian company, Snow Lake Resources has filed its Amendment No 2 to Form F-1, to progress its $23...