EXPLORATION & DEVELOPMENT

Tesoro's maiden Ternera gold deposit estimate doesn't impress traders

HAVING started work in 2017 and substantially accelerating activities 18 months ago, Tesoro has unveiled an initial 660,000 ounce resource at Ternera on its El Zorro ground in Chile, with the deposit grading 0.8 grams per tonne gold.

Tesoro's ground in Chile

Tesoro's ground in Chile

The resource was based on 148 diamond holes (totalling 46,937m), with Tesoro having drilled 201 holes in total and six rigs continuing to work 24/7. A third party has previously estimated Tesoro's all-in...

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