Tesoro Resource's El Zorro Gold Project record increased size of surface gold mineralisation
Tesoro Resources Limited (ASX:TSO) has received additional surface assay results for controlled outcrop channel sampling conducted at the El Zorro Gold Project in Chile where the company is working towards delineating a gold resource at Coquetas.
Tesoro is currently undertaking an initial 11-hole drill campaign at El Zorro with drill assay results imminent, a potentially market moving development.
Channel sampling results received have increased the size and demonstrated continuity of surface gold mineralisation over a large area.
These results build on promising surface sampling results released last week.
The results indicate a large, widespread gold bearing system with confirmed surface gold mineralisation at Coquetas occurring over a total strike length of 785 metres.
Mineralisation continuous over large area
This system remains open, and within that zone continuous gold mineralisation has been defined at greater than a 0.20 g/t gold cut off, over a strike that is more than 385 metres in length and between 60 metres to 80 metres in width.
Commenting on these increasingly promising developments, Tesoro managing director Zeff Reeves said, “These additional assays tie into the previously announced results, defining a large zone of continuous surface gold mineralisation at Coquetas.
‘’We are not only seeing a large system emerging, but results to date indicate that mineralisation is continuous over a large area which is encouraging.’
‘’We have decided to drill an additional hole in the current program to provide further information and test the southern extensions of Coquetas.’’
With regards to the aforementioned 11-hole drilling program, the company has completed 10 holes for 2,532 metres.
The results of the detailed channel sampling campaign have provided additional information to assist future drill planning and delineation of a gold resource at Coquetas.
Management will assess all drill data in conjunction with the surface mapping, sampling data and consider further exploration drilling at Coquetas, dependent upon results.
Where to invest $1,000 right now
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
Like this article? You may like...
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
Publishers Notice
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.
