Tesoro Gold Limited (ASX: TSO | OTCQB: TSORF) has reported assay results from three holes of first-pass diamond drilling at the Drone Hill target, which have returned grades of up to 173g/t gold.
The Drone Hill target is approximately 700m northwest of the 1.3Moz Ternera Gold Deposit (Ternera) and is one of four high-priority drill targets located within a 1.5km radius of Ternera.
The results returned from diamond drilling at the Drone Hill target confirm the continuity of high-grade fault zones extending northwest from Ternera.
Managing director, Zeff Reeves, commented, “The exceptional results returned from first pass drilling at Drone Hill are highly encouraging and represent some of the highest grades intersected at the El Zorro Gold Project to date. Gold discovered in these initial holes is associated with a northwest-trending fault system that also hosts high-grade mineralization within the Ternera Gold Deposit. This fault system has the potential to link Ternera to Drone Hill over 700m of strike.”
Shallow, very high-grade gold has been returned in hole ZDDH0338;
• 1.8m @ 77.15g/t Au from 59.2m, including;
• 0.8m @ 173.00g/t Au from 59.2m; and
• 3.0m @ 2.48g/t Au from 111.0m including;
− 1.0m @ 7.06g/t Au from 111.0m
A further four diamond drill holes have been completed, two at the Buzzard target and two at Ternera East, with assay results expected in the coming weeks.
“We are focused on exploration at four high-priority targets to delineate additional shallow gold extending from or near to Ternera. Any additional resource ounces that are discovered so close to our existing deposit have the potential to meaningfully elevate the already attractive Ternera economics.” Added Mr. Reeves.
To find out more, please visit www.tesorogold.com.au
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