- Tesoro Gold’s (TSO) latest bout of drilling highlights the potential to expand the Ternera gold deposit in Chile
- The company received assay results from close-spaced continuous channel sampling over the Kitsune and Toro Blanco targets at the El Zorro gold project, where 798 channel samples were taken
- Best results include 87 metres at 0.49 grams per tonne (g/t) gold including 12 metres at 1.23 g/t gold and six metres at 4.17 g/t gold
- The company is now working towards an updated mineral resource estimate to improve the resource classification, which is due for completion in the first quarter of 2023
- Tesoro Gold is up 2.7 per cent, trading at 3.8 cents at 12:36 pm AEDT
Tesoro Gold’s (TSO) latest bout of drilling has highlighted the potential to expand the Ternera gold deposit in Chile.
The company received assay results from close-spaced continuous channel sampling over the Kitsune and Toro Blanco targets at the El Zorro gold project.
Up to 798 channel samples were taken as part of the program at the two targets, with best results including 87 metres at 0.49 grams per tonne (g/t) gold including 12 metres at 1.23 g/t gold and six metres at 4.17 g/t gold.
Further assays included 33 metres at 0.36 g/ gold including six metres at 1.23 g/t gold.
The sampling was completed over prospective host outcrops and fault zones, returning anomalous gold results highlighting the potential for the Ternera gold deposit to continue approximately 3.2 kilometres north to Kitsune.
“These results highlight the scale and potential for the Ternera gold deposit to extend significantly to the north,” Tesoro Managing Director Zeff Reeves said.
“The exploration team has delineated the same host rocks over a large distance and where those host rocks interact with the same fault systems that control gold mineralisation at Ternera, they are mineralised.
“This work has uncovered some compelling drill targets which we aim to drill test over the coming months to further expand and understand the true scale of the El Zorro gold system and the Ternera gold deposit.”
The company is now working towards an updated mineral resource estimate (MRE) to improve the resource classification.
The new MRE is expected to be complete in the first quarter of 2023.
Tesoro Gold was up 2.7 per cent, trading at 3.8 cents at 12:36 pm AEDT.