Tesoro Resources expands Ternera resource potential with latest assays

The gold intercepts have continued for Tesoro Resources (ASX: TSO) at Ternera, with the company hitting wide zones of mineralisation outside of the current resource.

Tesoro has received assays from seven diamond holes completed at Ternera, which were part of an extensional and infill program that aimed to grow the maiden 660,000-ounce gold resource.

Highlight intercepts outside of the current resource were 76.15m at 1.15 grams per tonne gold, including 8m at 3.56g/t gold; 19m at 2.58g/t gold, including 4m at 10.63g/t gold; and 130m at 0.65g/t gold, including 7.4m at 7.68g/t gold.

These mineralised extensions were uncovered to the south of the known deposit.

Tesoro managing director Zeff Reeves said the company was continuing to generate high quality drill results outside of the existing resource.

“We are particularly encouraged by the results from the north and south of the deposit, showing the mineralised system at Ternera continues in both directions and provides significant potential for rapid resource expansion,” he added.

Infill drilling confirms continuity of gold

Meanwhile, infill drilling has confirmed the continuity of mineralisation at the deposit.

Notable results from this drilling were 4m at 1.45g/t gold from 70m; and 76.15m at 1.16g/t gold from 219.85m, including 8m at 3.56g/t gold.

Advancing Ternera

The company planning further drilling to “rapidly” firm up resources to the north and south of existing mineralisation.

Infill drilling is also underway at Ternera.

Tesoro is also completing extensional drilling at Ternera East and Drone Hill targets.

All-up, Tesoro has six diamond rigs operating around-the-clock across the wider El Zorro project in Chile.

In the current drilling phase, Tesoro is planning to complete 15,000m, which will underpin a resource update for Ternera which is scheduled for the December quarter.

Assays are pending for 47 holes with these results to be reported as soon as they are at hand.