Tesoro Resources’ (ASX: TSO) El Zorro project in Chile has continued to offer up positive news with the company reporting it had hit yet more wide and high-grade gold zones at the project.
Assays from a further four diamond holes have added more confidence in the primary Ternera deposit.
The four holes were designed as infill holes to delineate mineralisation and provide further information for modelling and resource estimation.
Within the four diamond drill holes were multiple mineralised zones and numerous high-grade intervals. The highest-grade interval was 1.1m at 6.58g/t gold from 180.4m in drill hole ZDDH00034.
Highlight results were 28m at 1.22g/t from 40m, including 10m at 3.17g/t from 59m; 46m at 0.72g/t from 192m, including 9m at 2.59g/t 224; and 51m at 1.07g/t from 74m, including 7.7m at 5.05g/t from 88.3m.
These results are from a 33-hole program for 9,177m, with assays outstanding for 19 holes.
Tesoro managing director Zeff Reeves noted these four holes had all intersected mineralised fault zones at predicted depths – building the gold inventory within the Ternera geological model. He said it also grew the company’s confidence in its exploration model.
“To-date, Tesoro has received results for 37 holes from a total of 60 holes completed at Ternera.”
“All 37 holes have returned strong intercepts of gold mineralisation, a 100% success rate, which is a testament to the work and dedication of the Tesoro team,” he added.
Drilling is continuing at Ternera with two diamond rigs operating 24 hours a day.
Tesoro has now planned additional holes to test the newly identified northern and southern extensions of the deposit.
With the advent of COVID-19 in the region, Tesoro noted there had been minor delays in assay turnaround times.
However, the company is expecting capacity in Santiago from later this month, which is expected to mitigate any need for shipping samples.
Tesoro will release assays as they come to hand.
Of interest will be Tesoro’s results from hole ZDDH00051 which intercepted 61m of visible gold last month.
“It’s always encouraging to see visible gold in drill core and to have it observed over a 61m interval is particularly exciting,” Mr Reeves said at the time.