Chile-focused Tesoro Resources (ASX: TSO) has revealed results of step-out drilling at its El Zorro project that has extended the total strike length of gold mineralisation at the Ternera deposit by 400 metres.
The gold explorer has received assays for eight diamond drill holes completed as part of the current extensional and infill drilling program at the Chilean project.
According to its market update, the Ternera deposit has now been drilled over a 1.3-kilometre strike length and remains open in all directions.
In addition, infill drilling has identified new wide shallow gold zones at Ternera East.
Tesoro managing director Zeff Reeves said the results demonstrate the “exceptional potential” that exists at El Zorro to significantly expand the existing 660,000-ounce gold mineral resource.
“We have identified major extensions north and south adding over 400m of strike length, as well as seeing continuous gold mineralisation covering over 800m of strike at Ternera East,” he said.
Mr Reeves added that the infill drilling which has extended and upgraded existing gold zones within the deposits “bodes well for significant resource growth”.
“The Tesoro team is focused on delivering an expanded gold mineral resource in the 2022 first quarter to support the ongoing development of the El Zorro project,” he said.
Latest drilling results
Significant intercepts from the latest drilling at Ternera includes 90.5m at 0.59 grams per tonne gold from 435.5m, including 11.48m at 1.68g/t and 4.84m at 3.44g/t. A second hole returned 26.3m at 2.91g/t gold from 101.7m including 5.5m at 13.22g/t and 45m at 1g/t.
At Ternera East, results include a 6.5m intersection grading 1.12g/t gold from 148m including 1.5m at 3.17g/t; and 9m at 1.19g/t from 266m.
Assays remain outstanding for 40 diamond drill holes. Tesoro said results will be announced as they become available.
The El Zorro gold 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.