Tesoro Resources Limited (ASX: TSO) has identified an extensive gold vein system through controlled outcrop channel sampling conducted at the El Zorro Gold Project in Chile.
Managing Director, Zeff Reeves, said the results confirm and extend previous results from the Buzzard Prospect to cover an area of over 1,100m by 750m where multiple gold bearing veins have been mapped and sampled.
The Buzzard Prospect is located ~2km south of the main Ternera Prospect and hosted by a different geological unit, however the gold bearing vein systems and faults are a similar orientation to those at Ternera.
Mr Reeves said this further enhances the potential for the other prospective areas within the El Zorro Project.
The early stage results from Buzzard further demonstrate the potential of the El Zorro gold system with gold now identified over 5km of strike at multiple prospects,” he said.
“The Buzzard vein system is extensive, and these results have highlighted large-scale potential, which will require additional work to further understand. Our team is already on the ground at El Zorro in preparation for the re-commencement of drilling at Ternera during July.”
Meanwhile, the company is nearing completion of drill planning and preparation for an infill and extensional drill programme at the Ternera deposit, scheduled to commence during July.
Drill pads are currently being installed and two drill rigs are being mobilised to commence the program as soon as possible. The program is designed to further define and expand the Ternera deposit.
Tesoro has rights to acquire up to 80% of the El Zorro Gold Project.