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Tesoro Gold (ASX:TSO) restarts drilling at the El Zorro gold project, Chile – The Market Herald

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  • Tesoro Gold (TSO) restarts drilling at its El Zorro gold project in Chile
  • Two diamond drill rigs have started spinning at the Ternera gold deposit where the company announced an improved mineral resource estimate of 1.1 million ounces at 1.12 g/t gold
  • Drilling is expected to continue for up to four months, with the aim of expanding Ternera’s mineral resource estimate
  • Work is expected to begin in early August 2022, once additional mapping and sampling programs are complete.
  • Tesoro Gold is down 2.13%, trading at 4.6 cents at 2:04 p.m. AEST

Tesoro Gold (TSO) has restarted drilling at its El Zorro gold project in Chile.

Two diamond drill rigs have started spinning at the Ternera gold deposit, where the company announced an enhanced mineral resource estimate (MRE) of 1.1 million ounces at 1.12 grams of gold per tonne (g/t ).

Drilling is expected to continue for up to four months, with the aim of extending the Ternera MRE both within the existing optimized pit shell and along strike to the north and south.

The drilling will also help improve the resource classification for certain areas within the existing MRE.

Tesoro managing director Zeff Reeves said the company was delighted to have the drill rigs back in operation at El Zorro, with a focus on the continued expansion of the Ternera gold deposit.

“We believe Ternera has significant potential for continued resource growth, with initial drilling focused on adding additional ounces to the existing optimized pit shell,” Mr. Reeves said.

“We see significant opportunities, particularly downstream of the high-grade zones defined in the MRE that the first three holes will target, before looking to extend the deposit to the north and south where mineralization remains open.”

Work is expected to begin in early August 2022, once additional mapping and sampling programs are complete.

Tesoro Gold fell 2.13%, trading at 4.6 cents at 2:04 p.m. AEST.