Tesoro Gold Says Chile Project Drilling Returns High-Grade Results, Shares Soar 10%

MT Newswires Live

02/09

Tesoro Gold (ASX:TSO) said that extensional and infill diamond drilling at the Ternera gold deposit, part of the El Zorro gold project in Chile, returned high-grade results and confirmed down-plunge extensions, according to a Monday Australian bourse filing.

It encountered intercepts of 8.84 meters at 3.54 grams per tonne grade of gold from 576 meters, as well as 4.26 meters at 3.40 g/t grade of gold from 217.45 meters.

Drilling is ongoing for the three concurrent diamond drilling programs for a total of around 38,000 meters.

Its shares soared 10% in recent trading on Monday.

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