Expands Ternera Gold System 500m To The East
Tesoro Resources Limited (ASX:TSO) has received significant assay results from the first hole drilled at the Ternera East Target located at the company’s El Zorro Gold Project in Chile.
Managing Director, Zeff Reeves, said assays from hole ZDDH0149eturned gold mineralisation from two zones of the EZT, the favourable gold host rock at El Zorro.
Highlights from hole ZDDH0149:
▪ 21.28m @ 0.34g/t Au from 97.50m including: 4.50m @ 1.14g/t Au from 105.00m and;
▪ 36.00m @ 0.40g/t Au from 243.00m including: 4.00m @ 1.69g/t Au from 249.00m and;
▪ 1.05m @ 1.77g/t Au from 272.95m.
“This result is a significant development for the El Zorro Gold Project and highlights the potential for the Ternera Gold Deposit to continue to expand with additional exploration and drilling,” Mr Reeves said.
“This is an exceptional result for the first hole into the new Ternera East Target and indicates the presence of significant gold mineralisation with the EZT in the hanging wall of the Ternera Gold Deposit.
“The Tesoro team is prioritising additional drilling at Ternera East to rapidly delineate what is emerging as a major extension to the expanding Ternera Gold Deposit”.
Hole ZDDH0149 is the first of two holes drilled to test the newly discovered Ternera East Target at El Zorro. Assay results for ZDDH0149 were given priority through the laboratory to allow rapid planning of additional drilling. The second hole ZDDH0166 is awaiting assays.
Ternera East was initially identified from geological mapping and Gradient Array Induced Polarisation (GAIP) surveying, which identified multiple outcropping bodies of the EZT, the favourable gold host rock at El Zorro. Systematic rock chip channel sampling of the EZT outcrops identified extensive surface gold mineralisation and the initial two holes were planned to test the subsurface extents of the surface gold zones.
Hole ZDDH0149 intercepted multiple small tonalite bodies up to 20m wide with two zones of gold mineralisation returned. An occurrence of visible gold was noted during logging at 252.00m down hole.
This gold mineralisation is significant as it verifies that the EZT remains well mineralised outside of the Ternera Gold Deposit, providing significant scope to define additional gold resources at El Zorro. Furthermore, the newly discovered mineralised EZT bodies occur within the hanging wall zone of the main Ternera Deposit providing potential to enhance the mining economics of any future potential open pit mining operation through a reduced stripping ratio.
An additional hole, ZDDH0166 has subsequently been drilled approximately 85m south of hole ZDDH0149 and logging has identified a larger near surface EZT body from 13.60m to 119.50m down hole and multiple deeper EZT bodies from 197.50m to 225.40m and 327.50m to 342.20m.
The discovery of these new bodies of mineralised EZT at Ternera East have the potential to add additional gold resources to the Ternera Deposit. Further drilling at Ternera East is being prioritised.
For further information please visit: https://www.tesororesources.com.au/
