- Tesoro Resources (TSO) has identified wide surface gold mineralisation at two CC fault zones at the El Zorro Gold Project in Chile
- Additionally, gold mineralisation at the Coqetas South area has been extended to a total strike length of 1.5 kilometres
- Tesoro has now identified seven mineralised CC fault zones
- As only two of these has been tested, Tesoro plans to undertake further drilling in the future
- Company shares are down a slight 2.22 per cent and are trading for 4.4 cents each
Tesoro Resources (TSO) has received further surface assay results from controlled outcrop channel sampling conducted at the El Zorro Gold Project in Chile.
The results have identified wide surface gold mineralisation on the CC350 and CC450 faults and confirm and extend previous results from the Coquetas South area.
The proven gold mineralisation at Coquetas now extends for over 1.5 kilometres of strike and still holds strong potential as it remains relatively untested by drilling.
The strike extension represents a more than double the strike length since previously reported surface assay results last month.
“Mineralisation at El Zorro, and Coquetas in particular, continues to increase in size with every sample result we receive,” Managing Director Zeff Reeves said.
Specifically, the results extend the Trench five channel mineralised length from 28 metres to 52 metres at 0.55g/t gold on the CC350 fault.
Additional high-grade surface mineralisation has also been identified on the CC450 fault from Trench twelve. This returned two separate mineralised intercepts of 21 metres at 2.29 g/t gold, including 5 metres at 7.29g/t gold, and 4 metres at 6.28 g/t gold, including 1 metres at 23.70 g/t gold.
The CC450 fault has only been drill tested by a single hole which reported a significant intercept of 61 metres at 0.97 g/t gold, including 10 metres at 4.53 g/t gold. The CC450 fault zone has gold mineralisation over 160 metres of strike length as demonstrated by surface sampling. The CC350 fault hasn’t been drill tested yet.
“Together with the wide high-grade drill results we have produced from El Zorro, this further confirms that El Zorro is a large gold-bearing system with high potential to host a significant gold resource,” Zeff added.
The company has now identified seven well mineralised CC fault zones at Coquetas which contain significant gold mineralisation.
Only two of these faults have been drill tested and so additional surface work is planned to identify future drill targets and test the CC fault zones.
Tesoro is now waiting for assays for five diamond drill holes from Coquetas and surface sampling results from Drone Hill and Buzzard.
Company shares are down a slight 2.22 per cent and are trading for 4.4 cents each at 10:24 am AEST.