Remember this is an infill drill (within the boundary of current resource).
Its a good drill result but infill probably can't increase MRE by much. Of course the classification of resource ounces can be increased by infill (more drills, more confidence) and that's important to get a reserve.
This may well, and damn well should, mark a bottom for TSO, but substantial recovery of the SP will , IMO, need substantial increase to MRE by extensional drilling of Ternera, and/or a positive Feasibility study. Drilling in other deposits welcome, but Ternera needs to be proved.
So don't be too disappointed as SP slides back a bit. Main drivers yet to come, IMO. Even more patience required.
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- Ann: Tesoro intersects 434.6m @ 1.22g/t Au from 15.4m at El Zorro
Ann: Tesoro intersects 434.6m @ 1.22g/t Au from 15.4m at El Zorro, page-51
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