Tesoro Gold Drilling at Ternera Yields Thick High-Grade Intercepts in Chile

Tesoro Gold ( (AU:TSO) ) just unveiled an update.

Tesoro Gold reported new assay results from ten diamond drill holes at the Ternera deposit within its El Zorro Gold Project in Chile, confirming multiple thick, high-grade gold intercepts that demonstrate the scale and continuity of mineralisation. Six rigs are drilling around the clock on a fully funded 38,000-metre program, mainly to complete more than 20,000 metres of infill drilling to upgrade the Mineral Resource classification and support metallurgical and geotechnical work.

The latest results, including intercepts such as 62.28 metres at 1.35 g/t gold and 93 metres at 1.21 g/t gold, are expected to widen mineralised zones in the existing resource model and feed into an updated Mineral Resource Estimate and Definitive Feasibility Study. With only ten infill holes remaining and assays pending for 19 completed holes, Tesoro plans to redeploy three rigs shortly to a 12,000-metre discovery-focused campaign targeting new gold prospects along the largely unexplored El Zorro trend, potentially enhancing the project’s growth pipeline.

The most recent analyst rating on (AU:TSO) stock is a Buy with a A$4.88 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.

More about Tesoro Gold

Tesoro Gold is an Australia-listed gold exploration and development company focused on the El Zorro Gold Project in Chile, where its flagship Ternera deposit is being advanced. The company is pursuing an intensive diamond drilling program to expand and upgrade its mineral resources and underpin feasibility studies aimed at potential mine development.

Average Trading Volume: 244,633

Technical Sentiment Signal: Buy

Current Market Cap: A$193.3M

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