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Tesoro Gold Ltd (ASX:TSO)

ALERT: Price-sensitive ASX Announcement for TSO
Current share price for TSO : $0.880 0.813 (1,213.43%)+
Announcement
Release
22 Oct 2025 9:00AM
Price at Release
$0.067
Full Release
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Summary
Tesoro Gold Ltd has announced significant assay results from its ongoing diamond drilling at the El Zorro Gold Project in Chile. The company is conducting three fully funded diamond drilling programs totaling approximately 38,000 meters, including infill, extensional, and new discovery drilling. Infill drilling aims to support pre-feasibility study workstreams, while extensional drilling seeks to define and extend shallow mineralisation. The initial results confirm the presence of wide, high-grade gold mineralisation, including notable intercepts such as 43.08 meters at 1.98g/t Au and 80.20 meters at 0.93g/t Au. The company highlights the potential to extend mineralisation at the Ternera Deposit, with a focus on de-risking the project and advancing towards production.
Key Points
  • Wide intervals of high-grade gold mineralisation discovered.
  • Three concurrent diamond drilling programmes underway.
  • Infill drilling supports pre-feasibility study workstreams.
  • Extensional drilling extends shallow mineralisation at Ternera.
  • New discovery drilling is targeting high-priority district-scale targets.
  • Significant assay results include 43.08m at 1.98g/t Au and 80.20m at 0.93g/t Au.
  • Potential to extend mineralisation to the north and south of Ternera.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.