Tesoro Resources Limited (ASX:TSO, OTCQB:TSORF ) has identified thick new gold zones in the latest assay results from drilling at the Ternera gold deposit located at the company’s El Zorro Gold Project in Chile.
Tesoro received assays for 10 diamond drill holes completed as part of the current extensional and infill drilling programme at El Zorro.
Managing Director, Zeff Reeves, said results continue to demonstrate the consistency of gold mineralisation at Ternera with significant expansions.
“The consistency of gold mineralisation at Ternera is impressive. The more drilling we complete, the more we expand the existing gold zones with the potential to add significant ounces into the existing Mineral Resource Estimate (MRE),” Mr Reeves said.
“Furthermore, every time we drill a significant step out hole we hit gold, demonstrating that the overall resource has exceptional growth potential, and we are by no means finding the end of this deposit. Our team is focussed on delivering a robust, updated MRE in the coming weeks.”
Multiple, consistent wide gold zones returned including:
• ZDDH0268: ▪ 2.70m @ 6.76g/t Au from 188.30m; and 3.00m @ 6.30g/t Au from 197.00m; Contained within 12.95m @ 3.65g/t Au from 187.05m.
• ZDDH0271: ▪ 1.45m @ 9.69g/t Au from 414.50m; and 22.00m @ 1.15g/t Au from 457.00m; Contained within 91.20m @ 0.54g/t Au from 388.00m.
• ZDDH0273: ▪ 1.66m @ 5.04g/t Au from 29.04m; and 5.65m @ 4.08g/t Au from 118.70m; Contained within 27.35m @ 1.12g/t Au from 118.00m.
• ZDDH0274: ▪ 2.00m @ 7.24g/t Au from 321.00m; and 22.00m @ 2.01g/t Au from 317.00m; Contained within 43.00m @ 1.14g/t Au from 303.00m
Holes ZDDH0268, ZDDH0271, ZDDH0273 to ZDDH0275 and ZDDH0279 were all drilled as infill holes in the central zone of the Ternera Deposit.
All holes returned significant zones of gold mineralisation, with wide new gold zones having been intercepted by holes ZDDH0271, ZDDH0273 and ZDDH0275.
Holes ZDDH0277 and ZDDH0278 were drilled in the west of the Ternera Deposit and further delineate shallow high grade gold mineralisation which has now been defined over 950m of strike and sits outside of the existing MRE.
Holes ZDDH0260 and ZDDH0276 were drilled at the Ternera East target with both holes returning positive gold results from multiple mineralised zones.
Hole ZDDH0269 was drilled approximately 400m south of the southern margin of the existing MRE and is the southernmost hole that Tesoro has drilled at Ternera. The hole returned two small gold intercepts contained within faulted El Zorro Tonalite (EZT).
Hole ZDDH0269 is considered highly significant as it provides evidence that the gold mineralising system at Ternera has potential to add additional resources to the south and more drilling is required.
Next Steps
The company is rapidly progressing the calculation of an updated MRE with an additional 152 diamond drill holes having been drilled for 57,760m at Ternera since release of the MRE in July 2021. The Ternera Deposit remains open in all directions.
For further information please visit: https://www.tesororesources.com.au/
