Tesoro Gold Claims High-Grade Gold Discovery at Drone Hill

THE DRILL SERGEANT: Tesoro Gold (ASX: TSO) reported on recent drilling activities undertaken at the company’s El Zorro gold project in Chile.

Tesoro Gold received results from three holes of first-pass diamond drilling at the Drone Hill target that sits approximately 700 metres northwest of the project’s 1.3 million ounces Ternera gold deposit.

Drone Hill is one of four high-priority drill targets Tesoro has located within a 1.5 kilometre radius of Ternera.

The company said the results returned from diamond drilling at the Drone Hill target confirm the continuity of high-grade fault zones extending northwest from Ternera with shallow, very high-grade gold returned in:

ZDDH0338
1.8 metres at 77.15 grams pr tonne gold from 59.2m, including 0.8m at 173g/t gold from 59.2m, and
3m at 2.48g/t gold from 111m, including 1m at 7.06g/t gold from 111m.

“The exceptional results returned from first pass drilling at Drone Hill are highly encouraging and represent some of the highest grades intersected at the El Zorro gold project to date,” Tesoro Gold managing director Zeff Reeves said in the company’s ASX announcement.

“Gold discovered in these initial holes is associated with a northwest-trending fault system that also hosts high-grade mineralisation within the Ternera gold deposit.

“This fault system has the potential to link Ternera to Drone Hill over 700 metres of strike.

“We are focused on exploration at four high-priority targets to delineate additional shallow gold extending from or near to Ternera.

“Any additional resource ounces that are discovered so close to our existing deposit have the potential to meaningfully elevate the already attractive Ternera economics.”

A further four diamond drill holes have been completed, two at the Buzzard target and two at Ternera East, with assay results expected in the coming weeks.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE