Tesoro Resources (ASX:TSO) - Managing Director, Zeff Reeves
Managing Director, Zeff Reeves
Source: Metals News
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  • Tesoro Resources (TSO) has intersected gold grading up to 69.7g/t at the Toro Gordo prospect which is part of the El Zorro Gold Project in Chile
  • Encouragingly, this result is one of the first few to come from drilling at Toro Gordo and is a testament to the prospect’s potential
  • Additionally, infill and extensional drilling at the Ternera deposit has continued to show positive gold results
  • The company will conduct more mapping, sampling and drilling at Toro Gordo and drilling at Ternera is ongoing with four drill rigs operating at all times
  • Tesoro’s shares are up 2.56 per cent and trading at 20 cents

Tesoro Resources (TSO) has received results from the Toro Gordo prospect and the Ternera deposit, which are both part of the El Zorro Gold Project in Chile.

The assays from the Toro Gordo prospect come from four drill holes and mark the first batch of results received from drilling.

Significantly the prospect has already returned encouraging results including one metre at 69.7g/t gold from 180 metres, four metres at 8.04g/t gold from 36 metres and two metres at 3.3g/t gold from 151 metres.

These results confirm Toro Gordo’s potential for vein-hosted, high-grade gold mineralisation which, as a result, will expand the exploration potential for the broader El Zorro Gold Project.

“To achieve drilling success with the first holes into a new target is a testament to our technical team and the diligent work they are undertaking to execute our work programs, as well as what is now becoming a proven, extensive gold system at El Zorro,” Managing Director Zeff Reeves said.

Tesoro plans to conduct more surface mapping, sampling and drilling at the Toro Gordo prospect to further assess its potential.

Additionally, results from an ongoing extensional and infill drilling program at Ternera have once again confirmed the continuity of the deposit.

Results include 45 metres at 1.57g/t gold from 86 metres including 17 metres at 3.62g/t gold from 90 metres, and 18 metres at 1.05g/t gold from 60 metres.

Drilling at the Ternera deposit is aimed at defining gold resources. Tesoro has completed 113 diamond holes across the project with assays pending for 22 holes.

Tesoro’s shares are up 2.56 per cent and are trading at 20 cents at 10:20 am AEDT.

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