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Tesoro Resources Ltd.

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Summary

Project:

El Zorro

Deposit:El Zorro
Location:Chile
Commodities:Gold
Date:3/6/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:6-3-2020: Tesoro Resources Ltd. announces an Exploration/Drilling Update report for its El Zorro deposit at the El Zorro project. Drilling results incl. 23.0m @ 7.2g/t Au from 183.22m. Tesoro Resources Limited (Tesoro or the Company) is pleased to announc
Resources:x
CP/QP:[Overall Report]: Zeffron Reeves (Internal)
ABSTRACT:Tesoro Resources Limited (Tesoro or the Company) is pleased to announce that exceptional wide high-grade assay results have been received for part of hole ZDDH00017, the first drill hole in the initial 10 hole program currently underway at the El Zorro Gold Project, Chile. In line with the Company’s geological model, ZDDH00017 encountered multiple wide zones of the El Zorro Tonalite (EZT), the main host lithology of gold mineralisation at El Zorro. From the partial assay results received to date, two zones of gold mineralisation have been encountered in hole ZDDH00017. An upper zone from 44.00m to 74.00m and a lower zone from 183.22m to 206.22m, which remains open, awaiting assays from 206.22m to 287.65m (EOH). Tesoro has previously drilled 16 diamond drill holes at El Zorro, delineating a large gold system with all holes intersecting gold mineralisation and multiple 100g/m intercepts reported from the Coquetas target at El Zorro (see Appendix 1 for all significant historical intercepts).

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