Tesoro Resources records best intercepts to date from drilling at Ternera gold deposit
Tesoro’s Chilean subsidiary has contributed an additional $7.6 million in El Zorro to raise its stake in the project to 85%.
Chile-focused explorer Tesoro Resources (ASX: TSO) has recorded its best intercept to date from ongoing drilling at the Ternera deposit within its flagship El Zorro gold project.
Assays from seven diamond holes completed as part of extensional and infill work have returned multiple wide gold intercepts from high grade, strike-extensive zones which remain open at depth and to the south.
The results included “spectacular” assays of 7m at 66.1 grams per tonne gold from 375m, contained within 63.93m at 7.61g/t from 375m; and 10.6m at 14.34g/t gold from 325.4m, contained within 63.6m at 2.89g/t from 325.4m.
Additional resources
Tesoro managing director Zeff Reeves said the results were “highly significant” and expected they would provide scope for the discovery of additional gold resources.
“Ternera and El Zorro get better with every hole these seven holes are amongst the best results we have ever seen,” he said.
“We are currently assessing these zones as we believe additional drilling could significantly increase the size of Ternera’s mineral resource and make a material difference to the scale of this project.”
He said the widths and grades encountered provide multiple options for the project and could support mining by open pit or underground.
Other results
Other intercepts reported from this round of drilling were 14.85m at 2.39g/t gold from 266.8m, contained within 50m at 1.04g/t from 238.5m; 22.5m at 1.63g/t gold from 469m, within 57m at 1.02g/t from 468m; 13m at 4.27g/t gold from 161m, within 59.71m at 1.48g/t from 166m; and 33m at 1.08g/t gold from 217m, 10.42m at 1.03g/t gold from 283.18m and 16m at 1.22g/t gold from 307m, from within 115m at 0.63g/t from 217m.
All holes were targeted to extend previously identified mineralisation in the central and eastern parts of Ternera.
The mineralisation is believed to sit well outside of the existing resource and has delineated a zone which appears to be consistently widening to the south.
Tesoro expects to define additional extensions of this mineralisation with further drilling.