Tesoro Resources identifies Ternera gold discovery lookalike at El Zorro
An expanded geophysical survey across El Zorro has pinpointed a Ternera lookalike anomaly.
Tesoro Resources (ASX: TSO) has identified a potential repeat of its Ternera discovery within its El Zorro project in Chile.
An expanded geophysical survey across the project has pinpointed a Ternera lookalike anomaly.
“Extending the gradient array induced polarisation survey has provided valuable information in identifying a number of undrilled targets at El Zorro,” Tesoro managing director Zeff Reeves said.
“Following the success of the previous GAIP survey in identifying sulphide minerals and structural trends associated with gold mineralisation, the decision was made to expand the existing GAI{ survey coverage to help identify additional targets near the Ternera gold deposit.”
Mr Reeves added the Ternera lookalike anomaly was about 300m east of the actual Ternera discovery.
“This obviously provides significant scope for repeats of Ternera-style mineralisation within the project area and supports our view that El Zorro is an emerging major gold system.”
Expanded drilling at Ternera
Drilling is underway at Ternera with two diamond rigs operating around the clock, with the current program planned to extend into this month.
Tesoro now plans to expand the current program to test the new targets identified in the survey.
Assays have been flowing in regularly from drilling at Ternera with data from 20 holes pending.
To-date, each assay batch from Ternera has increased the deposit’s scale, with mineralisation remaining open in all directions.
Gold mineralisation at Ternera has been defined over 700m by 800m, spreading from surface to more than 350m deep.
Notable results from last week’s 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.
These results followed on from “solid” assays earlier in November, which were from six holes and all intercepting numerous gold zones.
Highlights from this batch were 0.5m at 29.9g/t gold from 127.5m; 5m at 5.91g/t from 140m; 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.