Tesoro Resources Limited(ASX: TSO) has intersecting multiple gold bearing zones in the latest four diamond drill holes completed at Ternera at the company’s El Zorro Gold Project in Chile.
Managing Director, Zeff Reeves, said Ternera is the first of five targets identified at El Zorro to be drilled.
“Every hole drilled El Zorro continues to deliver quality gold results further adding to the scale of the Ternera deposit which now been drilled over a strike length in excess of 750m, a width so of up to 600m and is open at depth,” Mr Reeves said.
“We are yet to find the edges of the mineralisation and every hole adds additional scale. This indicates to us that we have a significant discovery at El Zorro.
“The wide high-grade zone emerging to the south is particularly exciting and continues to exhibit a well defined wide, high grade zone, which is now continuous for over 300m and up to 100m wide and open in all directions. These new extensions provide additional infill drill targets that will be drilled over the coming months.”
Significant intercepts include:
- Hole ZDDH00049 (Southern Extension)
- 111.50m @ 1.25g/t Au from 124.00m including;
- 58.00m @ 2.04g/t Au from 124.00m including;
- 27.50m @ 3.57g/t Au from 154.00m including;
- 13.00m @ 5.32g/t Au from 159.00m including;
- 4.50m @ 3.07g/t Au from 231.00m.
Hole ZDDH00054 (Northern Extension)
- 19.00m @ 0.46g/t Au from 91.00m including;
- 4.00m @ 1.48g/t Au from 104.00m; and
- 1.00m @ 8.75g/t Au from 280.00m.
Hole ZDDH00045 (Infill)
- 10.20m @ 1.07g/t Au from 36.00m; and
- 6.70m @ 1.10g/t Au from 196.30m including;
- 1.50m @ 3.21g/t Au from 196.30m.
Hole ZDDH00046 (Infill)
- 21.40m @ 1.17g/t Au from 17.60m including;
- 3.00m @ 5.71g/t Au from 28.00m.
Mr Reeves said the company continues to drill at Ternera, with two diamond drill rigs operating 24 hours per day.
The mineralised footprint at Ternera continues to expand, with positive results from step out drilling and mineralisation remaining open in all directions.
The company has decided to extend the previously surveyed GAIP grid to the NW and SE following the successful use of Induced Polarisation (IP) surveying to assist delineation of gold mineralisation at El Zorro.
The survey is designed to assist delineation of the southern extensions of the Ternera deposit, as well as assist identification of future drill targets over the Drone Hill prospect area to the north west.
The contract survey crew have arrived on site and has commenced the extensional survey with results expected to become available in the next three weeks.
Meanwhile, a surface mapping and detailed trench sampling campaign has commenced at the Toro Gordo prospect to further define surface gold mineralisation associated with extensive quartz veining and alteration previously delineate. This work is scheduled to continue for a further three to four weeks with assay results from sampling expected in early 2021.