Tesoro Resources Limited (ASX:TSO, OTCQB:TSORF ) has received “outstanding” final assay results from its 300 hole (100,235m) diamond drilling campaign at the Ternera Gold Deposit located at the Company’s El Zorro Gold Project in Chile.
Tesoro received assays for five diamond drill holes completed as part of extensional and infill drilling programmes at El Zorro.
Managing Director Zeff Reeves said results returned demonstrate the consistency of gold mineralisation across Ternera, and further expand and extend existing gold zones.
“We are pleased to have received the final assays from the drilling campaign which was focussed on expanding the Ternera Gold Deposit at El Zorro,” Mr Reeves said.
“This will now allow us to model and calculate an updated MRE at Ternera, which we see as an important milestone for El Zorro and the company.
“The consistency of drilling results from Ternera has been exceptional and we are keen to see this translated into an increase in gold resources at El Zorro following calculation of the updated MRE.
“Drilling has also highlighted significant extensions to Ternera which provides continued resource growth opportunities. We expect the updated MRE to be completed during May 2022.”
Next Steps
Tesoro continues surface mapping programs across El Zorro, with recent results highlighting the district scale potential of El Zorro to host multiple gold deposits.
Work has commenced on the modelling and calculation of an updated MRE which is targeted for completion during May 2022 and will utilise an additional 152 holes (54,732m) of drilling.
The recently completed drilling program at Ternera has identified major extensions to the deposit which warrant further drilling and provide significant resource growth opportunities. In addition, the company is currently delineating district gold targets for drilling.
For further information please visit: https://www.tesororesources.com.au/
