Tesoro (ASX:TSO) reports assays received for the first 2 drillholes from diamond drilling (DD) at its 1.1Moz Ternera Gold Deposit confirm the continuity and consistency of mineralisation down plunge.
The results also deliver the potential to improve the resource classification by extending the mineralised zones at Ternera, which is part of its El Zorro Gold Project in Chile.
Highlights from drilling include: Hole ZDDH0297: 434.60m @ 1.22g/t Au from 15.40m, including:
- 218.50m @ 1.86g/t Au from 72.00m;
- 89.95m @ 3.07g/t Au from 111.40m;
- 20.80m @ 9.19g/t Au from 127.60m;
- 10.68m @ 2.17g/t Au from 254.32m; and
- 15.27m @ 4.72g/t Au from 358.73m
Assays are outstanding for another five drillholes.
Speaking on the results, Tesoro Managing Director Zeff Reeves said: “This is a phenomenal result demonstrating the consistency of gold mineralisation within the host El Zorro Tonalite intrusions.
“This is a phenomenal result demonstrating the consistency of gold mineralisation”
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 focused 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 company also notes both holes intercepted ‘significant, high-grade’ gold zones, however, both holes were subject to ‘significant’ hole deviations, deviating to the west and lifting with depth.
These deviations have resulted in portions of the two drillholes moving into the less mineralised footwall of the targeted EZT intrusion, however scope remains for improved results with more accurate drilling.
The El Zorro Gold Project is located about 800km north of the Chilean capital of Santiago in the Atacama region of Chile and covers a total land area of 555km-square, with Tesoro’s 95% owned Chilean subsidiary currently owning 85% of the associated tenements.
Drilling conducted across the project tenements totals over 100,000m and has defined the 1.1Moz Ternera Gold Deposit, with gold mineralisation being predominantly hosted within intermediate intrusions and sulphide veins, veinlets, and alteration.
With the current DD operation still ongoing, Tesoro Gold announces that it will release assays for the remaining five drillholes in due course and will move forward with an initial drill program at the Kitsune and Calderillas district targets within the next three weeks.
Images: Tesoro Gold Ltd
