Tesoro Gold Limited (ASX:TSO) has received high-grade assay results from first pass scout drilling at the Calderillas Target and a step out hole completed at the Ternera Gold Deposit, at the El Zorro Gold Project, Chile.
All holes returned significant intercepts of gold mineralisation.
Highlights
Assays returned for two “scout” holes drilled at the Calderillas target, five km north of the Ternera Gold Deposit.
• Both holes returned significant intercepts of gold including:
• ZDDH0310 – 21.00m @ 0.55 g/t Au from 128.00m including: 7.20m @ 1.43 g/t Au from 141.00m; 1.70m @ 3.92 g/t Au from 147.30m
• ZDDH0308 – 1.00m @ 2.38 g/t Au from 15.00m and 1.90m @ 0.59 g/t Au from 62.00m
• Both holes were drilled to test the large 2.5km x 0.5km Calderillas Surface gold trend.
• Results confirm the large scale of the El Zorro Gold Project and potential to host multiple
gold deposits.
• Additional drilling is planned for early 2023 to further test and delineate the Calderillas target.
• Multiple district targets remain undrilled including the large Kitsune target between Ternera and Calderillas.
• Results also received from a step out hole at Ternera further extending the deposit to the south with hole ZDDH0311 returning multiple gold zones including: 27.50m @ 0.69 g/t Au from 242.50m including; 18.20m @ 0.99 g/t from 251.80m and 2.00m @ 6.24 g/t Au from 268.00m
“The first drill results from the initial scout holes at Calderillas are extremely encouraging, demonstrating that the gold system at El Zorro is large scale and has high potential for additional deposits to be found on our concessions,” Managing Director, Zeff Reeves, said.
“This new discovery combined with an additional 300m of strike added to the Ternera Gold Deposit bodes well for significant resource growth in the near term with continued drilling. El Zorro is really shaping up as a significant gold system in a world class location.”
