Tesoro Resources (ASX: TSO) adds “significant scale” to Ternera as drilling continues around the clock at the priority target within its flagship El Zorro gold project in Chile.
The company has received more assays from step out drilling at Ternera with further wide mineralised zones intercepted.
Tesoro noted assays for the lasts six holes correlate with visible gold identified in drill core.
Gold mineralisation at Ternera has now been confirmed over 700m by 800m – starting from surface and extending to more than 350m deep.
Mineralisation remains open in all directions.
Highlight results from the latest assay batch were 98m at 0.95 grams per tonne gold from 249m, including 1m at 27.6g/t; 79.3m at 0.72g/t gold from 7.7m, including 2m at 7.89g/t; and 221.2m at 0.62g/t gold from 20m, including 74m at 1.05g/t.
Within the broad intercepts were many higher-grade intervals.
Tesoro managing director Zeff Reeves said the latest assay batch adds to the potential of Ternera hosting a “large scale” gold deposit.
“Holes 51 and 57 are highly significant as they have opened new, wide gold zones to the northeast and southeast of Ternera, which considerably expand the scale of the deposit.”
“Both zones are open in all directions and we have now drilled a number of step-out holes looking to further expand the mineralised footprint.”
In this latest drilling program, 47 holes have been completed at El Zorro for 13,756m. Assays are pending for 17 holes.
Tesoro has released a steady news flow regarding El Zorro over the year-to-date.
Drilling at Ternera has consistently unearthed wide zones of gold mineralisation containing numerous higher-grade intervals.
Only last week, Tesoro revealed “solid” assays from six diamond holes with notable results of 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.
One higher grade 0.5m interval generated 29.9g/t gold from 127.5m.
Tesoro anticipates drilling will continue at the Ternera through to December with two diamond rigs currently operating 24 hours a day.