Tesoro Resources (ASX: TSO) is continuing to return wide high-grade gold assay results from the Coquetas prospect at El Zorro as the latest round of drilling wraps up at the Chilean project.
The gold explorer has now completed 11 holes for a total 2,855.3m to follow-up large channel sampling undertaken late last year that identified the Coquetas prospect over a 785m strike.
The latest assay results for three of the holes have returned “exceptional” thick high-grade results, including a 34.73m intersection grading 2.94 grams per tonne of gold from 187.27m, including 15m at 5.99g/t gold and 2.7m at 22.21g/t gold.
Assay highlights also include 68.52m at 0.47g/t gold from 21m, and 41.17m at 1.38g/t gold from 78m including 14.17m at 3.25g/t gold and 5.32m at 6.54g/t gold.
According to the company, the latest assays confirm continuous high-grade gold mineralisation hosted within the CC500 fault zone, which is now delineated over 180m of strike and is estimated to be between 20-80m wide and 250m deep.
“Drill results from El Zorro continue to impress and we have now delineated a significant high-grade gold zone associated with the CC500 fault,” Tesoro managing director Zeff Reeves said.
“The team has identified multiple repeats of these fault zones which provides significant scope to add additional high-grade gold mineralisation to any potential resource,” he added.
Further assays awaited
The 11-hole drilling campaign tested five interpreted mineralised fault zones plus a northerly step-out hole.
Assay results remain for five of the holes and are expected to be received over the next four to six weeks, Tesoro said.
The El Zorro project is located 140km by road from the city of Copiapo in northern Chile.
Tesoro’s exploration strategy is focused on Chile’s coastal Cordillerra region, which hosts multiple world-class gold and copper mines.
The company has rights to acquire up to 80% at El Zorro and 100% of the Espina gold project, located further south near Santiago.