Source: Tesoro Resources
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  • Tesoro Resources (TSO) hits grades of up to 3.49 g/t gold at the Ternera Gold Deposit at its El Zorro Gold Project in Chile
  • Results have been received for the final five holes drilled as part of the extensional and infill drilling program, with all holes intersecting gold mineralisation
  • Ternera remains open in all directions, with potential for further resource expansion
  • Tesoro is currently calculating an updated mineral resource estimate (MRE) for Ternera which is scheduled to be released in May
  • Tesoro Resources last traded at 7.8 cents at 12:40 pm AEST

Tesoro Resources (TSO) has received the final assay results from the Ternera Gold Deposit at its El Zorro Gold Project in Chile.

Results have been received for the final five holes drilled as part of the extensional and infill drilling program.

All five holes intersected significant gold mineralisation, further expanding and extending the existing gold zones within Ternera.

Results included 10 metres at 3.49g/t gold from 154 metres, 2.53 metres at 3.27g/t gold from 267 metres, and 19.38 metres at 2.77g/t gold from 154 metres.

Tesoro is currently calculating an updated mineral resource estimate (MRE) for Ternera, which is scheduled to be released in May.

Ternera remains open in all directions, and has significant potential for further resource expansion, according to Tesoro.

“We are pleased to have received the final assays from the drilling campaign which was focused on expanding the Ternera Gold Deposit at El Zorro. This will now allow us to model and calculate an updated MRE at Ternera, which we see as an important milestone for El Zorro and the company,” Managing Director Zeff Reeves said.

“The consistency of drilling results from Ternera has been exceptional and we are keen to see this translated into an increase in gold resources at El Zorro following calculation of the updated MRE.”

“Drilling has also highlighted significant extensions to Ternera which provides continued resource growth opportunities. We expect the updated MRE to be completed during May 2022.”

Tesoro last traded at 7.8 cents at 12:40 pm AEST.

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