Tesoro Resources’ (ASX: TSO) El Zorro project in Chile is proving to be a boon, with the company extending mineralisation yet again at the flagship Ternera deposit.
Drilling at Ternera has continued to uncover more broad mineralised gold zones, with mineralisation remaining open to the north, northwest and at depth.
The latest assay batch is from six diamond drill holes with all holes hitting multiple gold bearing zones.
Notable results were 0.5m at 29.9 grams per tonne gold from 127.5m, including 5m at 5.91g/t from 140m; 104.4m at 0.56g/t from 30m, including 37.8m at 1.23g/t from 97m; and 65m at 0.84g/t from 157m, including 2.5m at 15.92g/t from 205m.
Tesoro managing director Zeff Reeves said the latest assay batch was a “solid” set of results.
“These results are particularly significant as they are defining a set of continuous high-grade structures developing in the southwest sector of Ternera, as well as showing significant scope for expansions to the northwest.”
“El Zorro really is shaping up as a significant gold system, with multiple mineralised styles present,” Mr Reeves added.
Ternera gold prospect
Of note, Ternera is only the first of five main targets identified across El Zorro to be drilled.
In the latest drilling program 44 holes have been completed for 12,386m. Assays remain outstanding for 19 holes.
Drilling is ongoing at the project with two diamond rigs operating 24 hours a day. The company anticipates this will continue into December.
Ternera has now been tested over strike of more than 750m. The company is yet to find the edges of the mineralisation with each hole drilled adding to the prospect’s scale.
Earlier this month, highlight assays were 111.5m at 1.25g/t gold from 124m, including 58m at 2.04g/t from 124m, 27.5m at 3.57g/t from 154m, 13m at 5.32g/t from 159m and 4.5m at 3.07g/t from 231m.
Over at the Toro Gordo prospect, assays from sampling are expected early next year.