Tesoro Resources boosts confidence in Ternera mine potential with ongoing resource drilling
At Ternera, Tesoro Resources is targeting a large-scale open pit mining operation, with a maiden resource due mid-year.
Resource drilling at Tesoro Resources’ (ASX: TSO) Ternera gold deposit in Chile has continued to unearth broad zones of gold mineralisation.
The company has received assays from six infill holes drilled at the deposit, which is part of the El Zorro project.
Notable results were 69m at 0.95 grams per tonne gold from 133m, including 47m at 1.21g/t gold and 9.5m at 3.05g/t gold.
Another hole hit 122m at 0.43g/t gold from 8m, including 11m at 2.16g/t gold, while another uncovered 41.09m at 0.95g/t gold from 174.91m, including 22.09m at 1.5g/t gold.
Tesoro managing director Zeff Reeves said the results continue to demonstrate the consistency of gold mineralisation across a large area at the Ternera target.
“The new results demonstrate the continuity of a wide zone of gold mineralisation from surface and the potential for Ternera to be mined used large scale open pit mining.”
Drilling progresses
To accelerate resource drilling at Ternera, Tesoro has mobilised another rig to site.
All-up the El Zorro project now has five rigs operating 24 hours a day, seven days a week.
The company has drilled 136 diamond holes across the project for a total of 42,760m.
Assays are pending for 31 holes.
A maiden resource for Ternera is scheduled for mid-year.
Other targets at El Zorro
In addition to Ternera, Tesoro is firming up more gold potential across El Zorro.
In recent weeks, the company has discovered the Ternera East target, which is now high-priority after trenching returned notable results of 3m at 8.33g/t gold, 12m at 0.95g/t gold and 3m at 2.31g/t gold.
Gold has also been intersected at Drone Hill which returned 11.5m at 1.13g/t gold, including a 1.57m at 7.37g/t gold.
In early March, Tesoro noted it had hit gold grading up to 69.7g/t in the first hole at the Toro Gordo target.
Highlight intersections at Toro Gordo were 1m at 69.7g/t gold from 180m, 4m at 8.04g/t gold from 36m, and 2m at 3.3g/t gold 151m.