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An announcement from Tesoro Gold ( (AU:TSO) ) is now available.
Tesoro Gold reported new assay results from 20 diamond drill holes at the Ternera Gold Deposit in Chile, part of an ongoing infill program exceeding 20,000 metres. The campaign, now about 85% complete, continues to deliver multiple thick, high-grade gold intercepts that confirm shallow mineralisation along the deposit’s western margin and validate the existing resource model.
Six drill rigs are operating continuously at Ternera to complete infill, metallurgical and geotechnical drilling, feeding into an updated Mineral Resource Estimate and Definitive Feasibility Study targeted for mid-2026. With most infill and metallurgical work nearing completion and assay turnaround improving, Tesoro plans to redeploy three rigs to a 14,000-metre new-discovery program across high-priority district targets from May 2026, aiming to upgrade resources and unlock further regional growth potential.
The most recent analyst rating on (AU:TSO) stock is a Sell with a A$0.80 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 Australian-listed gold exploration and development company advancing the El Zorro Gold Project in Chile, with its flagship Ternera Gold Deposit. The company focuses on resource definition and feasibility work aimed at progressing Ternera toward potential development, supported by multi-rig diamond drilling campaigns targeting both infill and new discoveries across the district.
YTD Price Performance: -32.44%
Average Trading Volume: 313,179
Technical Sentiment Signal: Hold
Current Market Cap: A$157.4M
For detailed information about TSO stock, go to TipRanks’ Stock Analysis page.