Tesoro Gold (ASX: TSO) increases MRE deposit Ternera – The Market Herald

• Tesoro Gold (TSO) increases mineral estimates for Turner gold deposit in Chile by 66 percent
• The updated mineral resource estimate (MRE) for the El Zora gold deposit is now 1.1 million ounces with a content of 1.12 grams of gold per tonne (g / t) using 0.3 g / t gold.
• This is contained in the optimized gold price of $ 2549 per ounce
• Gold mineralization remains open in all directions, and further drilling is planned to continue expanding resources in the area.
• Tesoro Gold last traded at 7.5 cents on May 20

Tesoro Gold (TSO) has increased the estimate of mineral resources for the Turner gold deposit, located under the El Zorro gold project, in Chile by 66 percent.

The updated mineral resource estimate (MRE) for the El Zora deposit is now 1.1 million ounces with a content of 1.12 grams of gold per tonne (g / t) using 0.3 g / t of gold.

This is kept within $ 1,800 per ounce (approximately A $ 2,549) at an optimized gold price, while 46 percent of MREs remain classified as labeled.

The company said several continuous zones of high-grade gold have been identified, leaving mineral resources at 715,000 ounces at 2.31 g / t of gold using a single g / t of gold. It is said to demonstrate Ternera’s potential, which is suitable for high-quality quarry mining scenarios.

Drilling, completed in July 2021, yielded a total increase of 570 percent, which now stands at 503,000 ounces. In this MRE update for the Ternera gold deposit, 55,000 meters of additional drilling was used in 155 wells from a previous MRE report.

CEO Zeph Reeves said it is an important milestone for Tesoro and El Zorro.

“This MRE highlights areas of the field with higher numbers that we constantly crossed during the recent drilling, and areas with high content are now reflected in the significant increase in content we see in the updated MRE,” he said.

“Tesora is in an enviable position, now having plus one million ounces and growing, a reliable gold deposit with no career in what we believe is a significant new gold district in Chile, providing exceptional potential for finding repeats of Ternera on the territory of the property “.

Gold mineralization remains open in all directions, and further drilling is planned to continue expanding resources in the area.

Tesoro Gold last traded at 7.5 cents on May 20.