Tesoro Resources confirms ‘district-scale’ potential at El Zorro gold project
The latest drilling results have further expanded Tesoro’s Ternera gold deposit in Chile.
Infill and extensional drilling at Tesoro Resources’ (ASX: TSO) El Zorro project in Chile is continuing to expand the Ternera gold deposit with the latest results including multiple, broad and high-grade intercepts.
The gold explorer today reported results for 22 holes with highlights including a 17.1-metre intersection grading at 5.1 grams per tonne of gold from 243.9m, and 9.66m at 7.58g/t gold contained within 71m at 1.58g/t from 225m.
Of the 22 holes, 12 were drilled at Ternera, three at Ternera East, six at Drone Hill and one at Toro Blanco.
“Ternera continues to produce some exceptional drill results with infill drilling adding new mineralisation outside of the existing resource model, and extensional holes continuing to expand the deposit, particularly to the south,” Tesoro managing director Zeff Reeves said.
“We are encouraged by the initial results from Drone Hill and Toro Blanco where drilling encountered the main gold host rock and returned positive gold results indicating that the system is growing as we find favourable geological zones.”
“Considering this is the first time these areas have been drilled, it bodes well for further exploration success,” Mr Reeves added.
Tesoro has now drilled a total of 281 diamond holes for 92,074m at El Zorro. Assays remain outstanding for 36 holes with results to be announced as they become available.
Next steps
Drilling will continue to focus on expanding the 660,000-ounce Ternera gold mineral resource.
Tesoro said additional work is currently being planned to further test Toro Blanco and Drone Hill with new areas of outcropping El Zorro Tonalite (EZT, the favourable gold host rock at the project) mapped to the west and northwest of Drone Hill.
Tesoro’s El Zorro project is located within Chile’s Coastal Cordillera region, which hosts multiple world-class copper and gold mines although large areas remain unexplored due to the previously unconsolidated nature of mining concession ownership.