Tesoro Gold Limited (ASX:TSO) Identifies Two New Drill Targets Near Ternera
Exploration Update
Tesoro Gold Limited has expanded the prospectivity of the El Zorro Gold Project in Chile through a recent Magneto-Telluric geophysical survey. The survey, combined with existing data, extended the Intrusive Related Gold System corridor to over 30km, identifying two new promising drill targets within 2km of the Ternera Gold Deposit and an additional target 6km south.
Key Highlights
The new drill targets, Drone Hill NW and Falda, are situated close to the existing Ternera Deposit. The Magneto-Telluric survey covered a 7.5km by 8.5km area and incorporated newly acquired government airborne magnetic data. Geomechanical modelling played a crucial role in pinpointing areas favourable for gold mineralisation, reinforcing the discovery potential at Kitsune and Falda. Tesoro plans to commence drilling to test these high-priority targets in 2025.
Executive Comments
Zeff Reeves, Managing Director of Tesoro Gold, stated, “Our exploration teams have recently completed several district-scale initiatives to refine the El Zorro IRGS model and generate further high-priority drill targets. This comprehensive program draws on techniques from several disciplines, integrating geological, geochemical and geophysical information to build a detailed, district-scale dataset and gold target model. Results from this recent study highlight multiple new high-priority targets that have been incorporated into the schedule for the CY25 drill program. Our deliberate, detailed approach to drill planning maximises the potential for exploration success. Our conviction on this project continues to grow, and the more work we complete, the stronger our belief, that significant additional gold discoveries will be made.”
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.
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