Announcement Date: 2022-09-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Tesoro Gold Ltd.
Project name: El Zorro
Location: Chile
Commodities: Gold
Highlight: Drilling results incl. 221m at 0.85g/t Au from 153m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Tesoro Gold Limited (Tesoro or the Company) (ASX:TSO, OTCQB:TSORF) is pleased to announce assay results from three holes from the current drilling program at the El Zorro Gold Project (El Zorro), Chile. All holes have returned positive gold results with holes ZDDH0300 and ZDDH0301 adding further wide zones of mineralisation within the Ternera Gold Deposit (Ternera). Holes ZDDH0300 was drilled to reduce drill spacing between existing drill holes and confirming geological continuity of mineralisation. Hole ZDDH0300 intercepted significant high-grade gold zones which have the potential to improve the gold grade within areas of the MRE (Figure 1), as well as improvements to continuity of gold grade >1.00g/t. Hole ZDDH0301 returned a wide zone of gold mineralisation in the south of the deposit where previous drill coverage is sparse. A new gold zone has been identified with this hole outside of the existing MRE and highlights the potential for further expansion of the Ternera Gold Deposit to the south, where the deposit remains open.
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