Tesoro Resources (ASX: TSO) has now received full gold results from its first drill hole from its current campaign at El Zorro in Chile, with the gold intersection more than tripling in width to 86.45m and grading 2.29 grams per tonne gold.
Within that broad intercept there is a higher-grade interval of 50.50m at 3.63g/t gold from 182m.
“The final assay results for ZDDH00017 further demonstrate the thick, high-grade nature of the mineralisation at El Zorro,” Tesoro managing director Zeff Reeves said.
“This is the fourth hole Tesoro has drilled at El Zorro which has returned a greater than 100 grams per metre intercept, which is phenomenal considering the stage the project is at.”
“We are encouraged by the strong mineralisation well into the footwall sediments, which demonstrates that proximity to the wide controlling structures can provide the right ingredients for gold mineralisation regardless of rock type.”
He added the company has used the latest information to continue fine tuning its exploration model, including identifying further extensions to test during the year.
Advancing El Zorro
Today’s results build on initial assays for ZDDH00017 that were reported last week.
Those results included 23m at 7.2g/t gold, 15m at 10.82g/t gold, 5.3m at 25.31g/t gold and 2.3m at 46.41g/t gold.
Prior to its ASX debut last month, Tesoro had already conducted a 16-hole diamond drilling program at the project, which is within Chile’s Coastal Cordillera region.
Better results from drilling then were 98.3m at 1.58g/t gold, including 30.3m at 3.03g/t gold; 84.3m at 1.3g/t gold, including 4m at 8.5g.t gold; and 58.8m at 1.7g/t gold, including 20.3m at 4.5g/t gold.
The company said the latest assays combined with previous drilling data suggest the project could host a “significant” gold deposit.
In the current program, Tesoro will undertake 10-holes across about 800m of strike with four holes now complete and the fifth in progress.
Assays from the remaining completed holes are pending along with results from rock chip and outcrop sampling that has also been carried out.