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Colin Hay

Tesoro Gold (ASX:TSO) has received grades of up to 173g/t gold in assay results from three holes of first-pass diamond drilling at the Drone Hill target in Chile.

The Drone Hill target is approximately 700 metres northwest of the 1.3 Moz Ternera Gold Deposit and is one of four high-priority drill targets located within a 1.5 km radius of Ternera.

The exceptional results returned from diamond drilling at the Drone Hill target confirmed the continuity of high-grade fault zones extending northwest from Ternera. A further four diamond drill holes have been completed, two at the Buzzard target and two at Ternera East, with assay results expected in the coming weeks.

“The exceptional results returned from first pass drilling at Drone Hill are highly encouraging and represent some of the highest grades intersected at the El Zorro Gold Project to date,” Managing Director, Zeff Reeves, said.

“Gold discovered in these initial holes is associated with a northwest-trending fault system that also hosts high-grade mineralisation within the Ternera Gold Deposit. This fault system has the potential to link Ternera to Drone Hill over 700 metres of strike.

“We are focused on exploration at four high-priority targets to delineate additional shallow gold extending from or near to Ternera. Any additional resource ounces that are discovered so close to our existing deposit have the potential to meaningfully elevate the already attractive Ternera economics.”

An initial diamond drilling programme at key target areas within a 1.5 km radius of the existing 1.3 Moz Ternera Gold Deposit is ongoing. The program is designed as a first pass drill assessment of high-priority targets proximate to the existing Ternera Deposit, providing the potential for future rapid, shallow resource delineation. These areas include Drone Hill, Buzzard, Ternera East and a direct extension to Ternera.

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