Tesoro Gold spots new gold intercept 300m from Ternera deposit at El Zorro project in Chile
Discovery could be a Ternera repeat and bump up the project’s resource
Accelerated drilling underway to define the Ternera East target
Special Report: Tesoro Gold has discovered a major new gold intercept to the east of its 1.3Moz Ternera gold deposit within the broader El Zorro gold project in Chile.
The discovery was made via first-pass drilling of the Ternera East target, which was aimed at assessing high-priority targets near Ternera, which could have potential for future rapid and shallow additions to the existing mineral resource at El Zorro.
So far so good, with the company intercepting a new, thick (+200m), well-mineralised El Zorro Tonalite intrusive.
A map of the El Zorro gold project. Source: TSO
Tesoro Gold (ASX:TSO) says the new intrusive body is a potential major fault offset or Ternera ‘repeat’, which could bode well for any future resource upgrades.
Notable assay results include:
49.50m at 0.55g/t Au from 179.00m, including 15.40m at 1.21g/t Au from 182.00m, and 5.40m at 2.21g/t Au from 182.0m and;
36.00m at 1.00g/t Au from 281.50m, including 17.50m at 1.91g/t Au from 282.00m, 7.70m at 3.64g/t Au from 283.30m, and 2.30m at 9.50g/t Au from 288.30m.
Pic: El Zorro Gold Project – Ternera East drilling, ZDDH0341 showing significant mineralised zones and location relative to the Ternea Gold Deposit MRE Block Model and US$1,800/oz optimised Pit Shell. Source: TSO
Potential scale a game changer
“This discovery at Ternera East is one of the most significant results from El Zorro and has the potential to materially change its scale,” Tesoro managing director Zeff Reeves said.
“The identification of this well-mineralised EZT represents a potential uplifted extension or offset of the main Ternera deposit, which could rapidly add substantial ounces to our existing 1.3Moz mineral resource.
“It is an exciting outcome that further validates the targeting model being employed by the Tesoro team at El Zorro.
“We are now focused on completing additional drilling of the area as quickly as possible to better understand what we have identified at Ternera East.”
An accelerated drilling program is now in progress to rapidly define the Ternera East target.
This article was developed in collaboration with Tesoro Gold, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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