- Drilling at Tesoro Resources’ (TSO) El Zorro Gold Project in Chile has extended the asset’s Ternera deposit by 200 metres to the south
- 20 holes have been completed since drilling recommenced and the results confirm a continuous, wide, strike extensive gold zone in the northeast as well
- Best results from the drilling include two metres at 10.95 g/t gold from 82 metres
- Pleasingly, the drilling also extended the gold mineralised surface expression, which also remains open in all directions
- Further drilling is planned at the deposit to test the large northeast extensions of Ternera, as well as for the expanding mineralisation to the south
- Shares in TSO have opened up 2.44 per cent at 21 cents each
Tesoro Resources (TSO) has extended the Ternera deposit within its El Zorro Gold Project in Chile.
The materials stock recommenced drilling at the asset in early January, with an additional 20 holes now completed.
Promisingly, assay results from those holes have extended the asset’s Ternera deposit by 200 metres to the south and confirmed a continuous, wide, strike extensive gold zone in the northeast as well.
Best results from the drilling include two metres at 10.95 g/t gold from 82 metres in ZDDH0081.
Pleasingly, the drilling has also confirmed Ternera’s gold mineralised surface expression stretches 1500 metres of strike, is up to 600 metres wide and remains open in all directions.
In addition to this, the deposit’s gold mineralised zone has also been confirmed by drilling over 950 metres of strike, 450 metres wide to over 400 metres depth, with the zone still remaining open in all directions.
“Another set of exceptional drill results from Ternera continue to define and expand what is now becoming a very large mineralised system,” Managing Director Zeff Reeves commented.
“We are also seeing a significant high-grade core emerge out of our infill drilling, with consistent zones of mineralisation being delineated, with gold grades over 10g/t gold,” he added.
Tesoro is planning further drilling at the site, including for the large northeast extensions of Ternera as well as for the expanding mineralisation to the south.
Company shares have opened Friday’s trading session up 2.44 per cent, trading at 21 cents per share at 10:59 am AEDT.