Hole no.51 - ZDDH00051, page-66

I'm very happy with today's announcements. The activity report is strong with real substance and progress. Cashflow strong too.

Also noticed a little more detail in today's announcements:

Hole ZDDH00051 intercepted a zone of 117m downhole width of strongly altered El Zorro Tonalite
(EZT) with prolific sheeted veins containing pyrite, arsenopyrite, pyrrhotite and visible gold (ASX
announcement 17 September 2020). This hole extends the high-grade gold zone approximately
120m to the south. Visible gold was observed sporadically over an interval of 61m from 256.00m to
317.00m down hole.

Hole ZDDH00042 returned a positive mineralised intercept of 15.00m @ 0.68g/t Au from 115.00m
including 1.00m @ 5.64g/t Au from 126.00m. ZDDH00042 was designed to test the northern extension
of the Ternera gold system identified from the recently completed IP survey (ASX announcement 17
September 2020). This hole has successfully extended the Ternera gold footprint to the north and
mineralisation remains open.

I note the assay for Hole 51 is not in yet. It may be nothing, it may be 'game-changing'.

Whichever it is, Tessoro has multiple strength:

SCALE
ACESSIBILITY
PROXIMITY TO WORKFORCE AND WATER
FUTURE TIMELINE OF RESULTS AND ANNOUCEMENTS FOR 2020 AND 2021

IMO, the best is yet to come.