Tesoro Gold Limited (ASX:TSO) Reports Significant Gold Intercepts at El Zorro
Exploration Results
Tesoro Gold Limited (ASX:TSO) has announced noteworthy assay results from drilling at the El Zorro Gold Project in Chile. The results stem from the ongoing infill and extensional drilling program, which has revealed a new, wide, high-grade gold zone beneath the existing Mineral Resource Estimate (MRE) at the Ternera Gold Deposit. The recently drilled hole ZDDH0356 returned 132.18 metres at 1.28 grams per tonne (g/t) gold, including sections with higher grades of 3.28 g/t over 32.20 metres and an exceptional 12.639 g/t over 3.25 metres.
Key Highlights
The eight diamond holes drilled have identified multiple significant mineralised zones outside the current MRE boundary. Notably, the drill hole ZDDH0356 extended into previously untested areas and demonstrated continued mineralisation beyond existing limits. Subsequently, Ternera’s new zones of mineralisation underline its robust growth potential. Assays for another thirteen holes remain pending, as drilling continues with two rigs focused on resource expansion.
Managing Director Zeff Reeves remarked, “The results from hole ZDDH0356 continue to highlight the huge latent growth potential of the Ternera Gold Deposit. The discovery of this significant new gold zone, located outside the existing MRE, reinforces our confidence in both our geological model and the development potential of the broader project.”
Future Plans
Tesoro plans to conduct additional drilling to delineate the new discovered zones further. The company remains optimistic about expanding the resource base given the encouraging results.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.