Announcement Date: 2022-11-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Tesoro Gold Ltd.
Project name: El Zorro
Location: Chile
Commodities: Gold
Highlight: Drilling results incl. 53.5m at 1.17g/t Au from 57m
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 extensional and infill drilling completed at the Ternera Gold Deposit (Ternera) at the El Zorro Gold Project (El Zorro), Chile. Results have been received for 7 holes, with all holes returning significant intercepts of gold mineralisation. Hole ZDDH0309 has returned a significant result, having intersected multiple gold zones well outside of the existing Mineral Resource Estimate (MRE) envelope. Importantly, hole ZDDH0309 has located a new, shallow, high-grade gold zone, approximately 200m south of the existing MRE area and commencing at approximately 30m below surface. Other results include multiple shallow high-grade intercepts defining a consistent near surface gold zone in the west of the Deposit including Holes ZDDH0303 and ZDDH0309 were drilled in the south of the Ternera Gold Deposit, targeting extensions to the existing Mineral Resource. Both holes were designed to test the location of controlling faults and vein systems which are associated with gold mineralisation at Ternera. Hole ZDDH0303 returned a broad low-grade intercept, interpreted to be proximal to the main mineralised fault system. Hole ZDDH0309 returned a shallow, wide, high-grade intercept, having successfully located the main mineralised fault zone.
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