Channel sampling has returned more gold at Tesoro Gold’s Buzzard Prospect
Buzzard is one of four priority targets identified near the 1.3Moz Ternera Gold Deposit within the El Zorro Project in Chile
Drilling expected to start within weeks
Special Report: Surface channel sampling has made the Buzzard Prospect an even more compelling target for Tesoro Gold to drill after returning a result of 20m at 0.52g/t gold.
Buzzard is one of four high priority targets within 2km of the company’s existing 1.3Moz Ternera intrusive related gold deposit. Ternera is located within the company’s El Zorro Project in Chile.
While Tesoro Gold (ASX:TSO) has already completed more than 100,000m of drilling at El Zorro – enough to define the resources at Ternera, it also believes that it has only just scratched the surface.
IRG systems are geologically renowned for their multi-million ounce scale and Tier 1 asset potential such as De Grey’s (ASX:DEG) 10.5Moz Hemi discovery in WA’s Pilbara region, which accounts for the company’s confidence that it can develop a district-scale mining project.
Ternera itself is open at depth and along strike with the company believing that it could connect with the Drone Hill target 700m to the northwest.
Additionally, TSO has identified targets with all the same ingredients as Ternera throughout the district.Successful exploration could pave the way for the company to develop a 150,000-200,000oz operation with a mine life of a decade or more.
The El Zorro gold district map in Chile. Pic: Tesoro gold
Real gold potential outlined
TSO has secured further evidence that its priority targets could deliver gold in spades after continuous channel sampling returned the 20m at 0.52g/t gold result, which includes a higher-grade zone of 9m at 1.01g/t gold, at Buzzard.
It adds to previous channel sampling that returned results such as 26m at 1.62g/t gold including 8m at 3.08g/t gold, 6m at 7.06g/t gold and 3m at 5.23g/t gold.
This gold mineralisation is also adjacent to the district-scale Dorado Fault.
Map of near deposit gold targets requiring drill testing, showcasing Buzzard, the Dorado Fault, and more. Pic: Tesoro Gold
“These positive follow-up results at Buzzard have defined a compelling drill target only 1.5km south of the Ternera Gold Deposit,” Tesoro’s Managing Director Zeff Reeves said.
“Buzzard is one of four high priority targets within 2km of Ternera, where we believe there is significant potential to discover additional, outcropping gold resources.
“Initial drill testing of multiple targets at Drone Hill will continue.”
TSO is targeting the Buzzard Prospect for drilling in the coming weeks.
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.
The post There’s a scent of discovery at Tesoro’s Buzzard Gold Prospect appeared first on Stockhead.
