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Tesoro Resources discovers new high-grade gold trend at El Zorro

Gold explorer Tesoro Resources (ASX: TSO) has announced a new gold discovery at the Drone Hill prospect within its flagship El Zorro gold project in Chile.

Tesoro Resources confirms district-scale potential at El Zorro gold project

Infill and extensional drilling at Tesoro Resources’ (ASX: TSO) El Zorro project in Chile is continuing to expand the Ternera gold deposit with the latest results including multiple, broad and high-grade intercepts.

Here s why the Tesoro Resources (ASX:TSO) share price is tumbling 31% today

The Tesoro Resources Ltd(ASX: TSO) share price is tumbling today, down 31% in late morning trade having earlier posted losses of 35%. Below we take a look at the ASX gold share’s resource update that looks to be driving some of the selling action. What resource update did Tesoro report? The Tesoro Resources share price is falling hard after the company announced its maiden Mineral Resource Estimate (MRE) for the Ternera Deposit at its El Zorro Gold Project in Chile. It reported a maiden MRE of 25.1 million tonnes at 0.8 grams per tonne for 660,000 ounces of gold. It used 0.3 grams per tonne of gold as a cut-off.

Tesoro Resources (ASX:TSO) receives further results from Ternera

Tesoro Resources (ASX:TSO) receives further results from Ternera
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Tesoro Resources El Zorro gold project grows with every new drill hole

Tesoro Resources’ El Zorro gold project grows with ‘every new drill hole’ 12SHARES With four drill rigs working 24 hours a day in Chile, Tesoro Resources (ASX: TSO) keeps turning out assays that build a story of a substantial gold deposit at its El Zorro project. The results add to the company’s expectations that said drilling has demonstrated the potential for the Ternera prospect within El Zorro to be continuously mineralised from surface to depth. And the drilling is scheduled to continue well into the June quarter as the company works towards delineating a maiden resource. The El Zorro project is located 140km by road from the city of Copiapo in northern Chile.

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