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Tesoro Resources Ltd.

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Summary

Project:

El Zorro

Deposit:El Zorro
Location:Chile
Commodities:Gold
Date:6/10/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Definition
Report details:10-6-2020: Tesoro Resources Ltd. announces an Exploration/Drilling Update report for its El Zorro deposit at the El Zorro project. Drilling results incl. 18m @ 1.36g/t Au from 92m. Tesoro Resources Limited (Tesoro or the Company) (ASX: TSO) is pleased to
Resources:x
CP/QP:[Overall Report] Zeffron Reeves (Internal)
ABSTRACT:Tesoro Resources Limited (Tesoro or the Company) (ASX: TSO) is pleased to announce further assay results received from the Ternera prospect at the El Zorro Gold Project, Chile, for holes ZDDH00026 and ZDDH00027. Both holes intersected gold mineralisation associated with the targeted “CC” faults. Significant intercepts of gold mineralisation were returned delineating the CC200 fault zone, and identifying the CC175 fault, the southernmost fault zone drilled at Ternera to date. Drill holes ZDDH00026 and ZDDH00027 were designed to test mineralisation within the CC200 fault zone at Ternera. Both holes successfully intersected the CC200 fault and results demonstrate potential for additional gold mineralisation contained within the CC fault zones to the south. ZDDH00026 returned two mineralised intercepts from the CC200 fault and CC175, a newly delineated fault. CC200 - 18.00m @ 1.36g/t from 92.00m including, 4.60m @ 4.99g/t Au from 105.40m; and CC175 - 9.00m @ 1.85g/t Au from 233.00m including, 2.00m @ 7.31g/t from 240.00m. ZDDH00027 returned a lower grade intercept from the CC200 fault. The hole has been interpreted to have missed the main CC200 fault zone with mineralisation intercepted associated with a small NE-SW fault displacement.

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