Tesoro Gold (ASX:TSO, OTCQB:TSORF) closed up 21% after reporting significant assay results from first-pass drilling of the Ternera East target, which has intercepted a newly identified, thick (+200m), well-mineralised El Zorro Tonalite (EZT) intrusive.
- Hole ZDDH0341 intercepted a newly identified, +200m thick intrusive of EZT, the primary gold host at Ternera.
- The new intrusive body is a potential major fault offset or Ternera ‘repeat’ (Ternera East).
- Accelerated drilling program in progress to rapidly define the Ternera East target.
Tesoro Managing Director, Zeff Reeves, commented: “This discovery at Ternera East is one of the most significant results from El Zorro and has the potential to materially change its scale. 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.”