On Stock....Head
TSO has pulled up a 434.6m long intersection grading 1.22g/t gold from 15m depth at the 1.1Moz El Zorro project in Chile.
That includes 90m section grading over 3g/t.
Gigantic.
These intercepts from the main Ternera deposit “confirm continuity and consistency of mineralisation down plunge and have potential to improve resource classification and extend mineralised zones”, TSO says.
Seven holes were completed for 3,275m, with assays outstanding for five of them.
“This is a phenomenal result demonstrating the consistency of gold mineralisation within the host El Zorro Tonalite intrusions,” TSO managing director Zeff Reeves says.
“Hole ZDDH0297 shows multiple high-grade zones within the broader intercept, potentially increasing gold grade throughout the deposit.
“This phase of drilling at Ternera is focussed on improving the classification and expanding the existing 1.1 Moz Resource.
“We believe Ternera will continue to grow with additional drilling with the deposit remaining open in all directions.”
The ‘El Zorro’ gold project (85% owned) “is one of the largest and most prospective gold projects in Chile”, TSO says.
The current resource of resource of 30.5Mt @ 1.12g/t Au for 1.1Moz (at 0.3g/t gold cut-off) comes from exploring just less than 5% of its tenure.
Regionally, TSO is punching holes into multiple ‘Ternera-like’ undrilled gold targets up to 7km long and 6km wide.
The $36m market cap stock is down 40% year-to-date. It had ~44m in the bank at the end of June.
READ:The Small Cap +1Moz Gold Club: A Guide, Part 1
