Promising Hits Outside Mineral Resource At Ternera
Tesoro Resources Limited (ASX:TSO) has received excellent assay results from the Ternera Gold Deposit, located at the company’s El Zorro Gold Project in Chile, which add further potential to grow the existing Ternera Mineral Resource of 660,000oz.
The company received assays for seven diamond drill holes completed as part of infill and extensional drilling at the Ternera Gold Deposit.
Managing Director, Zeff Reeves, confirmed all holes intercepted gold mineralisation with wide gold zones intercepted outside of the existing Mineral Resource model.
“Ternera is consistently producing high quality drill results from outside the existing Mineral Resource model which contains 660,000oz gold,” Mr Reeves said.
“We are particularly encouraged by the results from the north and south of the deposit, showing the mineralised system at Ternera continues in both directions and provides significant potential for rapid resource expansion.”
Tesoro drilled holes ZDDH0171 and ZDDH0174 in the southern margin of the Ternera Deposit. Results have defined additional gold zones outside the existing Mineral Resource model in the south of the deposit. The southern margin of Ternera remains open and further drilling is planned to rapidly delineate further resources in this area.
Holes ZDDH0175 and ZDDH0177 were drilled on the northern margin of Ternera and have successfully located wide gold zones extending to the north. The Ternera Deposit remains open to the north with these holes significantly enhancing the potential of further extensions to the north.
Infill holes ZDDH0172, ZDDH0173 and ZDDH0176 all returned positive drill intercepts through areas outside of the existing Mineral Resource model. All these holes confirm continuity of gold mineralisation within the north–south fault zones.
Hole ZDDH0176 is particularly encouraging as it confirms continuity of a new gold zone west of Ternera, which has now been drilled along approximately 700m of strike and is outside of the existing Mineral Resource model.
Infill and extensional drilling at Ternera and extensional drilling at Ternera East and Drone Hill is continuing, with six rigs drilling 24/7. Tesoro is awaiting results from 47 diamond drill holes already completed as part of this programme and will report these results as they become available.
Tesoro aims to complete an additional 15,000m of drilling in the current phase of drilling, with a Mineral Resource update expected for Ternera during Q4 CY2021.
For further information please visit: https://www.tesororesources.com.au/