Quarterly Activities Report
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
22July 2021
ASX: TSO | ACN 106 854 175
Quarterly Activities Report – 30 June 2021
Tesoro Resources Limited (ASX: TSO) (Tesoro or the Company) is pleased to provide the following
activities report that outlines progress achieved during the June 2021 Quarter.
HIGHLIGHTS
▪ Tesoro completes record drilling at the El Zorro Gold Project (El Zorro) during the June
quarter, 58 holes completed for 19,325 metres.
1
▪
▪
Assay results received for 31 holes, including initial results from the Ternera East discovery.
▪
Hole ZDDH0149 expands the drilled Ternera Gold System approximately 500m to the east
and demonstrates potential for additional gold mineralisation outside of Ternera.
▪
A second hole at Ternera East (ZDDH0166) has intercepted gold host rocks up to 100m thick,
assays pending.
▪
Significant intercepts reported during the June Quarter include:
ZDDH0128
•
0.91m @ 7.59g/t Au from 78.29m; and
•
7.00m @ 3.22g/t Au from 103.00m.
ZDDH0131
•
25.00m @ 2.11g/t Au from 119.00m including:
•
0.59m @ 63.10g/t Au from 120.00m; and
•
1.00m @ 38.30g/t Au from 176.00m.
ZDDH0135
•
12.00m @ 3.34g/t Au from 334.00m including:
•
1.50m @ 25.22g/t Au from 334.00m.
ZDDH0133
•
27.00m @ 1.18g/t Au from 267.00m including:
•
8.00m @ 3.17g/t Au from 267.00m.
ZDDH0136
•
107.00m @ 0.49 /t Au from 239.00m including:
•
37.00m @ 1.01g/t Au from 287.00m.
▪
▪
▪
In total, Tesoro has completed 190 diamond drillholes at El Zorro for 58,555 metres.
New gold discovery at Ternera East within the hanging wall zone of the Ternera Gold Deposit
returned positive first drill results:
ZDDH0149
•
21.28m @ 0.34g/t Au from 97.50m including:
•
4.50m @ 1.14g/t Au from 105.00m; and
•
36.00m @ 0.40g/t Au from 243.00m including:
•
4.00m @ 1.69g/t Au from 249.00m; and
•
1.05m @ 1.77g/t Au from 272.95m.
Assays remain outstanding for 57 diamond drill holes.
Ternera gold mineralisation remains open in all directions and drilling continues, with six drill
rigs operating 24/7.
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 22 July 2021
▪
Resource modelling is well advanced in preparation for an initial Maiden Resource Estimate
(MRE) at El Zorro, with a further Resource Estimate expected to be released during the
September 2021 quarter.
▪
Approximately 550 kilograms of metallurgical testwork samples have been collected from
drill cores and received by the laboratory for detailed metallurgical testwork.
▪
Preliminary permitting activities and project studies are advancing to assess the mining
potential at El Zorro.
▪
Tesoro continues to efficiently deploy capital with approximately 93% of cash deployed
during the quarter attributed directly to exploration and development costs (approx. 90%
YTD).
▪
The Company remains well funded, with cash balance of approximately $13.73 million as at
30 June 2021.
Overview
Tesoro holds interests in the highly prospective El Zorro gold exploration project located within the
Coastal Cordillera of Chile. El Zorro is favourably located and demonstrates significant scale and
gold grades.
Tesoro is focussed on delineating gold resources at El Zorro, where drilling continued during the
quarter to further define the Ternera Gold Deposit and undertake initial drill testing of the Ternera
East target. During the quarter, 58 holes were completed for 19,325 metres, the most metres
completed by Tesoro at El Zorro in a quarter since drilling commenced in February 2020. Assay results
were received for 31 holes with assays outstanding for 57 holes as at period end.
Ternera East Prospect
Hole ZDDH0149 is the first of two holes drilled to test the newly discovered Ternera East Target at El
Zorro. Assay results for ZDDH0149 were given priority through the laboratory to allow rapid planning
of additional drilling. The second hole, ZDDH0166, is awaiting assays.
Ternera East was initially identified from geological mapping, sampling and geophysics which
identified multiple outcropping bodies of the El Zorro Tonalite (EZT), the favourable gold host rock at
El Zorro.
Hole ZDDH0149 intercepted multiple small tonalite bodies up to 20m wide, with two zones of gold
mineralisation returned. An occurrence of visible gold was noted during logging at 252.00m down
hole. This gold mineralisation is significant as it verifies that the EZT remains well mineralised outside
of the Ternera Gold Deposit, providing significant scope to define additional gold resources at El
Zorro. Furthermore, the newly discovered mineralised EZT bodies occur within the hanging wall zone
of the main Ternera Deposit providing potential to enhance the mining economics of any potential
open pit mining operation through a reduced stripping ratio.
An additional hole, ZDDH0166 was drilled approximately 85m south of hole ZDDH0149 and logging
has identified a larger near surface EZT body from 13.60m to 119.50m down hole and multiple
deeper EZT bodies from 197.50m to 225.40m and 327.50m to 342.20m.
The discovery of these new bodies of mineralised EZT at Ternera East has the potential to add
additional gold resources to the Ternera Deposit. Further drilling at Ternera East is being prioritised.
2
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ASX Announcement 22 July 2021
Figure 1: Ternera Drilling - Collar locations on geology. Results reported in this announcement are noted in gold
highlight. Ternera East Surface sampling results shown in white. PSAD56/19S datum. Section line shown in blue.
Figure 2: Ternera Drill Section -140m looking northwest. Hole ZDDH0149 gold mineralisation shown in gold, occurring within
the hanging wall of the Ternera Gold Deposit.
3
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ASX Announcement 22 July 2021
Ternera Deposit
At Ternera, drilling focussed on infill and resource definition drilling to provide sufficient information
to calculate an MRE at El Zorro. Assay results received to date continue to confirm the importance
of the north-south trending fault zones (MF Faults) as high-grade gold zones within the broader
Ternera Deposit. To date six of the MF Faults have been drilled, all returning positive drill results. Two
new MF Faults were identified by drilling during the quarter (MF700 and MF800) further increasing
the size of the mineralised system at Ternera.
Significant results were returned from extension drilling in the south of the deposit, which returned
multiple high-grade intercepts with a wide body of mineralised EZT associated with the MF350,
MF500 and MF600 faults. Mineralisation remains open to the south and further extensional drilling is
planned.
A full table of significant intercepts is presented in Appendix 1.
Drilling continues 24/7 focusing on infill and extensional drilling at Ternera, as well as further
delineation of the Ternera east zone. The Company also plans to drill additional holes at Drone Hill
during the September 2021 quarter.
El Zorro Studies
Work continued through the quarter in preparation of an initial MRE for El Zorro. Work also advanced
on Mining and Development Studies at El Zorro, which included the completion of a detailed
topographical survey over the Ternera Gold Deposit and along the proposed infrastructure corridor
to access the project from the Pan American Highway, approximately 13km to the west of Ternera.
A detailed metallurgical testwork program commenced during the quarter with approximately
550kg consisting of 11 composite samples selected from drill core having been submitted to ALS
Metalluirgy in Perth Western Australia for testing. The results for this work are expected to be received
during the September 2021 quarter.
The Quarter Ahead
The Company expects to meet several significant milestones during the September 2021 quarter as
it continues to define and expand the Ternera Gold Deposit at El Zorro.
It is expected that an initial JORC Compliant MRE will be completed during the quarter which will
form the basis of a high-level Scoping Study to begin to define the project for mining. As part of the
Scoping Study detailed metallurgical testwork results will become available during the quarter to
define the optimal processing pathway for material from the Ternera Deposit.
Tesoro has planned an additional 50,000m of drilling to be completed during 2021 to further
expand the Ternera resource.
Drilling at Ternera planned for the September 2021 quarter will a focus on further expansion of the
mineralised areas as well as testing additional targets at Ternera East and Drone Hill.
Corporate
Use of Funds
The Company confirms that during the quarter ended 30 June 2021, it has used the funds raised
pursuant to the Company’s Prospectus dated 30 October 2019 and Supplementary Prospectus’
dated 10 December 2019 and 29 January 2020 consistently with the “use of funds” statement in the
Prospectus. A comparison of actual expenditure since the Company’s re-listing on ASX follows:
4
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ASX Announcement 22 July 2021
El Zorro Exploration
Espina Exploration and Earn-in
Expenditure
Project Payments
Partial repayment of Director
Loan to entities associated with
Geoffrey McNamara
Costs of the Offer
Corporate overheads and
administration costs
Administration costs and
working capital
Total
Prospectus
(24 month period)
$
2,175,000
850,000
Actual
Q4 FY21
$
4,964,743
-
Actual
TOTAL
$
13,381,654
55,900
295,000
75,000
-
264,092
75,000
485,990
830,000
-
557,358
830,000
189,010
453,481
1,912,422
4,900,000
5,418,225
16,246,426
Payments to Related Parties
As outlined in the Appendix 5B for the quarter ending 30 June 2021 (sections 6.1 and 6.2), during the
quarter approximately $95,000 in payments were made to related parties and/or their associates
as remuneration (inc superannuation) for the Managing Director, Non-Executive Director fees and
consulting fees.
Authorised by the Board of Tesoro Resources Limited.
For more information:
Company:
Zeff Reeves, Managing Director
Tesoro Resources Limited
+61 8 9322 1587
Investors:
Peter Taylor
NWR Communications
+61 (0) 412 036 231
peter@nwrcommunications.com.au
About Tesoro
Tesoro Resources Limited was established with a strategy of acquiring,
exploring, and developing mining projects in the Coastal Cordillera region of
Chile. The Coastal Cordillera region is host to multiple world class copper and
gold mines, has well established infrastructure, service providers and an
experienced mining workforce. Large areas of the Coastal Cordillera remain
unexplored due to the unconsolidated nature of mining concession
ownership, but Tesoro, via its in-country network and experience has been
able secure rights to a district scale gold project in-line with the Company’s
strategy. Tesoro’s 95% owned Chilean Subsidiary owns 85% of the El Zorro Gold
Project.
5
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ASX Announcement 22 July 2021
Future Performance
This announcement may contain certain forward-looking statements and opinion. Forward-looking
statements, including projections, forecasts and estimates, are provided as a general guide only and should
not be relied on as an indication or guarantee of future performance and involve known and unknown risks,
uncertainties, assumptions, contingencies and other important factors, many of which are outside the control
of the Company and which are subject to change without notice and could cause the actual results,
performance or achievements of the Company to be materially different from the future results, performance
or achievements expressed or implied by such statements. Past performance is not necessarily a guide to
future performance and no representation or warranty is made as to the likelihood of achievement or
reasonableness of any forward looking statements or other forecast. Nothing contained in this announcement
nor any information made available to you is, or and shall be relied upon as, a promise, representation,
warranty or guarantee as to the past, present or the future performance of Tesoro.
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Zeffron
Reeves (B App Sc (Hons) Applied Geology) MBA, MAIG). Mr Reeves is a member of the Australian Institute of
Geoscientists and a Director and major shareholder of the Company. Mr Reeves has sufficient experience
that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reeves consents to the inclusion
in this report of the matters based on this information in the form and context in which it appears.
6
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ASX Announcement 22 July 2021
Appendix 1 – Significant Intercept Table
Hole_ID
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0001
ZDDH0002
ZDDH0002
ZDDH0002
ZDDH0002
ZDDH0002
ZDDH0003
ZDDH0003
ZDDH0003
ZDDH0003
ZDDH0003
ZDDH0003
ZDDH0003
ZDDH0004
ZDDH0004
ZDDH0004
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0005
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0006
ZDDH0007
ZDDH0007
ZDDH0007
ZDDH0007
ZDDH0007
ZDDH0008
ZDDH0008
7
From (m)
5.00
5.00
5.00
12.00
14.30
33.64
44.30
64.00
75.50
75.50
107.00
117.00
5.70
8.80
8.80
51.70
58.00
21.00
21.00
21.00
37.20
47.30
64.00
90.00
5.00
56.00
57.00
4.00
4.00
9.80
9.80
51.60
65.00
72.00
72.00
72.00
100.60
130.00
135.80
0.00
2.40
22.60
24.00
46.70
61.10
108.30
133.50
148.00
180.10
180.10
184.00
207.00
226.00
236.00
1.00
39.00
39.00
104.85
117.40
35.00
58.00
To (m)
119.00
15.00
51.30
13.00
15.00
39.00
51.30
65.00
79.00
76.00
112.00
119.00
68.00
24.30
14.00
68.00
61.00
77.30
27.00
22.83
43.00
48.00
77.30
91.00
66.00
66.00
61.00
42.65
32.00
28.00
10.15
52.00
67.00
85.90
75.00
73.00
102.00
132.60
136.80
88.00
3.00
25.95
25.00
50.30
64.02
116.00
135.60
151.80
244.00
181.10
186.00
212.00
227.00
244.00
4.00
66.20
58.00
110.00
118.00
41.10
59.00
Interval
114.00
10.00
46.30
1.00
0.70
5.36
7.00
1.00
3.50
0.50
5.00
2.00
62.30
15.50
5.20
16.30
3.00
56.30
6.00
1.83
5.80
0.70
13.30
1.00
61.00
10.00
4.00
38.65
28.00
18.20
0.35
0.40
2.00
13.90
3.00
1.00
1.40
2.60
1.00
88.00
0.60
3.35
1.00
3.60
2.92
7.70
2.10
3.80
63.90
1.00
2.00
5.00
1.00
8.00
3.00
27.20
19.00
5.15
0.60
6.10
1.00
Au (g/t)
0.35
0.55
0.45
1.64
2.35
0.97
0.67
2.50
0.89
4.82
1.11
2.05
0.54
1.15
1.96
0.78
3.62
0.50
1.96
5.24
1.27
2.00
0.41
1.53
0.97
4.53
9.60
0.65
0.84
1.17
20.10
2.03
1.03
0.52
1.90
4.32
2.07
0.66
12.20
0.15
0.75
2.14
6.10
0.32
0.42
0.30
1.30
0.59
0.23
0.55
1.06
0.77
0.55
0.66
4.75
0.70
0.80
0.34
2.75
0.28
1.43
Comments
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
Hole_ID
From (m) To (m)
ZDDH0009 4.00
6.00
ZDDH0009 12.55
38.00
ZDDH0009 21.00
26.00
ZDDH0009 48.00
48.50
ZDDH0009 78.00
83.00
ZDDH0010 31.00
33.00
ZDDH0010 60.00
61.00
ZDDH0010 66.00
67.00
ZDDH0010 75.00
159.30
ZDDH0010 75.00
104.00
ZDDH0010 82.50
86.45
ZDDH0010 91.00
102.00
ZDDH0010 93.00
97.00
ZDDH0010 120.00
126.00
ZDDH0010 149.00
159.00
ZDDH0011 176.00
274.30
ZDDH0011 181.70
212.00
ZDDH0011 196.40
212.00
ZDDH0011 203.00
203.70
ZDDH0011 203.00
212.00
ZDDH0011 217.00
222.00
ZDDH0011 246.60
256.40
ZDDH0012 0.00
58.80
ZDDH0012 1.70
22.00
ZDDH0012 1.70
8.40
ZDDH0012 2.30
4.70
ZDDH0012 17.60
22.00
ZDDH0012 17.60
20.00
ZDDH0012 53.20
58.80
ZDDH0012 53.20
56.00
ZDDH0012 151.80
152.20
ZDDH0013 0.00
3.00
ZDDH0013 9.00
14.30
ZDDH0013 25.00
29.80
ZDDH0013 28.55
29.80
ZDDH0013 46.30
70.00
ZDDH0013 46.30
51.50
ZDDH0013 51.25
65.35
ZDDH0013 58.00
65.35
ZDDH0013 102.00
104.00
ZDDH0013 136.00
137.30
ZDDH0013 165.00
173.60
ZDDH0013 170.40
173.00
ZDDH0014 15.30
70.60
ZDDH0014 15.30
34.00
ZDDH0014 15.30
26.30
ZDDH0014 23.00
26.30
ZDDH0014 64.60
70.60
ZDDH0014 64.60
67.35
ZDDH0014 112.00
122.50
ZDDH0014 115.00
117.00
ZDDH0014 177.20
179.00
ZDDH0015 37.90
39.70
ZDDH0015 91.90
132.70
ZDDH0015 91.90
94.60
ZDDH0015 112.00
116.00
ZDDH0015 240.60
242.00
ZDDH0015 265.90
269.00
ZDDH0016 125.00
131.72
ZDDH0016 152.00
204.60
ZDDH0016 188.10
194.00
ZDDH0016 188.58
188.90
ZDDH0016 203.60
204.60
ZDDH0016 281.00
290.00
ZDDH0016 287.50
290.00
Interval
2.00
25.45
5.00
0.50
5.00
2.00
1.00
1.00
84.30
29.00
3.95
11.00
4.00
6.00
10.00
98.30
30.30
15.60
0.70
9.00
5.00
9.80
58.80
20.30
6.70
2.40
4.40
2.40
5.60
2.80
0.40
3.00
5.30
4.80
1.25
23.70
5.20
14.10
7.35
2.00
1.30
8.60
2.60
55.30
18.70
11.00
3.30
6.00
2.75
10.50
2.00
1.80
1.80
40.80
2.70
4.00
1.40
3.10
6.72
52.60
5.90
0.32
1.00
9.00
2.50
Au (g/t) Comments
1.39
0.51
1.09
including
2.19
0.59
2.47
1.16
1.04
1.30
2.95
including
4.97
including
4.70
including
8.50
including
1.11
including
1.07
including
1.58
3.03
including
3.87
including
21.70
including
5.07
including
4.13
including
2.28
including
1.70
4.50
including
12.21
including
33.35
including
2.00
including
2.82
including
0.95
1.42
including
2.29
0.83
0.41
0.72
2.14
including
0.85
1.24
including
1.08
including
1.65
including
0.79
4.97
1.60
2.80
including
1.01
2.19
including
3.40
including
6.18
including
2.03
including
5.00
including
0.52
1.75
including
2.37
1.11
0.37
1.64
including
1.13
including
8.46
0.64
1.47
0.62
3.30
including
31.30
including
3.00
including
0.36
0.77
including
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 22 July 2021
Hole_ID
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0017
ZDDH0018
ZDDH0018
ZDDH0018
ZDDH0018
ZDDH0019
ZDDH0019
ZDDH0019
ZDDH0020
ZDDH0021
ZDDH0021
ZDDH0021
ZDDH0021
ZDDH0021
ZDDH0021
ZDDH0021
ZDDH0022
ZDDH0022
ZDDH0022
ZDDH0022
ZDDH0022
ZDDH0023
ZDDH0023
ZDDH0023
ZDDH0023
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0024
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0025
ZDDH0026
ZDDH0026
ZDDH0026
ZDDH0026
ZDDH0027
ZDDH0027
ZDDH0027
ZDDH0027
8
From (m)
44.00
44.00
44.00
70.00
103.46
167.55
182.70
183.22
190.00
197.00
200.00
187.27
187.27
197.00
189.00
21.00
36.00
74.00
87.30
100.92
107.50
100.92
189.25
189.25
189.25
193.90
30.00
78.00
94.40
105.00
105.00
146.70
146.70
273.00
276.00
6.00
41.00
41.00
44.10
54.50
56.50
66.00
155.00
162.20
161.80
49.00
73.10
75.00
104.00
110.00
148.00
148.00
155.20
92.00
105.40
233.00
240.00
176.00
176.00
176.00
176.00
To (m)
74.00
60.10
47.00
74.00
105.60
254.00
233.20
206.22
205.00
202.30
202.30
222.00
211.00
199.70
204.00
89.52
45.00
79.00
87.60
116.50
112.00
101.70
208.50
201.30
195.40
195.40
31.00
119.17
95.45
119.17
110.32
151.00
149.00
277.00
277.00
9.00
78.00
45.50
45.50
57.00
69.50
69.50
169.00
163.50
167.00
170.55
84.00
82.00
118.00
113.60
160.27
170.55
159.90
110.00
110.00
242.00
242.00
206.50
202.00
188.00
182.00
Interval
30.00
16.10
3.00
4.00
2.14
86.45
50.50
23.00
15.00
5.30
2.30
34.73
23.73
2.70
15.00
68.52
9.00
5.00
0.30
15.58
4.50
0.78
19.25
12.05
6.15
1.50
1.00
41.17
1.05
14.17
5.32
4.30
2.30
4.00
1.00
3.00
37.00
4.50
1.40
2.50
13.00
3.50
14.00
1.30
5.20
121.55
10.90
7.00
14.00
3.60
12.27
22.55
4.70
18.00
4.60
9.00
2.00
30.50
26.00
12.00
6.00
Au (g/t)
0.94
1.05
4.27
4.26
1.76
2.29
3.63
7.20
10.82
25.31
46.41
2.94
4.09
22.21
5.99
0.47
1.34
1.23
3.33
0.95
1.24
8.44
2.86
4.25
7.37
20.82
3.16
1.38
2.98
3.25
6.54
7.25
13.30
1.06
3.32
1.63
0.86
2.12
5.93
1.87
1.12
2.53
3.06
19.72
6.97
1.32
4.57
6.14
1.63
4.97
4.98
2.98
10.69
1.36
4.99
1.85
7.31
0.40
0.44
0.64
1.21
Comments
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
open downhole
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
Hole_ID
ZDDH0028
ZDDH0028
ZDDH0028
ZDDH0028
ZDDH0028
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0029
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0030
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0031
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0032
ZDDH0033
ZDDH0033
ZDDH0033
ZDDH0033
ZDDH0033
ZDDH0033
From (m)
14.00
21.00
25.00
42.00
43.90
29.50
29.50
29.50
43.00
56.64
72.00
91.00
121.00
121.00
166.30
180.00
5.20
50.00
66.00
66.00
66.00
70.00
101.00
117.00
117.00
165.00
195.40
202.95
72.00
72.00
72.00
100.00
100.00
118.30
146.40
171.60
193.30
193.30
193.30
204.34
204.34
228.00
248.00
291.00
3.20
17.30
43.50
75.00
128.00
128.00
132.63
157.00
171.00
178.30
178.30
191.00
40.00
57.00
59.00
100.00
134.70
143.00
To (m)
14.75
28.00
25.90
49.00
45.00
243.00
93.00
31.20
48.00
61.84
80.00
93.00
130.70
122.00
195.00
195.00
6.40
76.00
76.00
71.10
67.00
71.10
102.50
120.00
119.13
167.00
199.00
203.90
303.00
126.00
75.60
104.44
125.00
125.00
154.00
173.00
217.60
208.00
197.00
217.60
208.00
229.00
263.90
295.00
6.00
18.30
44.00
76.00
204.00
140.00
135.00
162.00
174.80
197.00
179.40
197.00
68.00
67.00
63.00
104.00
137.00
144.00
Interval
0.75
7.00
0.90
7.00
1.10
213.50
63.50
1.70
5.00
5.20
8.00
2.00
9.70
1.00
28.70
15.00
1.20
26.00
10.00
5.10
1.00
1.10
1.50
3.00
2.13
2.00
3.60
0.95
231.00
54.00
3.60
4.44
25.00
6.70
7.60
1.40
24.30
14.70
3.70
13.26
3.66
1.00
15.90
4.00
2.80
1.00
0.50
1.00
76.00
12.00
2.37
5.00
3.80
18.70
1.10
6.00
28.00
10.00
4.00
4.00
2.30
1.00
Au (g/t)
3.23
0.85
5.03
0.61
1.10
0.73
1.81
1.20
2.76
3.36
1.24
33.00
0.53
3.20
0.82
1.33
0.74
0.69
1.54
2.64
6.89
5.73
1.13
3.23
4.15
4.05
1.41
5.12
0.83
1.69
1.27
1.04
3.36
11.57
0.79
1.40
2.43
3.77
4.16
3.25
10.76
2.17
1.04
1.00
1.23
7.09
5.70
5.02
0.93
1.39
4.30
2.41
1.92
1.57
5.15
2.58
1.22
3.17
5.96
1.51
1.27
1.45
Comments
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
open downhole
open downhole
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 22 July 2021
Hole_ID
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0034
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0035
ZDDH0036
ZDDH0036
ZDDH0036
ZDDH0036
ZDDH0036
ZDDH0036
ZDDH0036
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0037
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0038
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0039
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0040
ZDDH0041
ZDDH0041
ZDDH0041
ZDDH0041
ZDDH0041
9
From (m)
17.00
23.00
27.00
62.22
87.00
89.00
105.40
116.00
172.00
180.40
193.00
202.00
67.00
81.10
89.00
84.00
144.00
153.00
162.00
199.00
192.00
224.00
224.00
277.00
74.00
74.00
88.30
104.00
114.00
165.00
215.00
42.00
42.00
56.00
56.00
62.00
149.00
149.00
162.00
162.00
23.00
74.20
74.20
92.00
105.00
148.00
178.00
185.00
200.00
202.00
2.50
78.70
188.00
212.00
212.00
226.00
237.00
268.00
136.00
136.00
136.00
142.00
160.00
161.00
182.00
195.00
288.00
2.00
6.00
23.50
23.50
29.00
To (m)
28.00
24.00
28.00
63.34
92.84
91.00
106.00
117.00
173.00
181.50
194.00
203.00
68.00
110.34
94.00
106.00
155.00
155.00
164.00
200.00
238.00
238.00
233.00
278.00
125.00
96.00
96.00
105.00
115.00
166.00
216.00
65.00
42.68
65.00
57.00
64.00
172.00
154.00
172.00
168.00
24.00
113.00
77.00
93.00
106.00
152.00
186.00
186.00
208.10
204.00
5.60
81.00
252.50
232.00
218.00
227.00
238.00
269.00
197.00
152.00
146.00
146.00
164.00
162.00
188.00
197.00
291.00
12.00
8.00
52.00
32.00
32.00
Interval
11.00
1.00
1.00
1.12
5.84
2.00
0.60
1.00
1.00
1.10
1.00
1.00
1.00
29.24
5.00
22.00
11.00
2.00
2.00
1.00
46.00
14.00
9.00
1.00
51.00
22.00
7.70
1.00
1.00
1.00
1.00
23.00
0.68
9.00
1.00
2.00
23.00
5.00
10.00
6.00
1.00
38.80
2.80
1.00
1.00
4.00
8.00
1.00
8.10
2.00
3.10
2.30
64.50
20.00
6.00
1.00
1.00
1.00
61.00
16.00
10.00
4.00
4.00
1.00
6.00
2.00
3.00
10.00
2.00
28.50
8.50
3.00
Au (g/t)
0.79
4.59
1.77
2.85
1.12
2.45
1.15
1.17
1.68
6.58
2.73
2.12
2.67
1.05
4.11
1.34
1.15
4.41
1.03
1.76
0.72
1.86
2.59
1.63
1.07
2.16
5.04
2.33
2.84
1.11
1.60
0.40
1.55
0.70
2.47
1.32
0.82
1.47
0.92
1.04
3.12
0.49
2.06
4.39
2.11
1.17
0.50
2.48
1.12
3.72
0.39
1.43
0.47
0.84
1.49
3.86
2.30
1.62
0.75
1.96
2.61
5.34
0.95
2.84
0.72
2.75
1.24
0.55
1.33
0.38
0.48
0.99
Comments
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
Hole_ID
ZDDH0041
ZDDH0041
ZDDH0041
ZDDH0041
ZDDH0041
ZDDH0042
ZDDH0042
ZDDH0043
ZDDH0043
ZDDH0043
ZDDH0043
ZDDH0043
ZDDH0043
ZDDH0043
ZDDH0044
ZDDH0044
ZDDH0045
ZDDH0045
ZDDH0045
ZDDH0045
ZDDH0045
ZDDH0045
ZDDH0045
ZDDH0046
ZDDH0046
ZDDH0046
ZDDH0046
ZDDH0046
ZDDH0046
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0047
ZDDH0048
ZDDH0048
ZDDH0048
ZDDH0048
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0049
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
ZDDH0050
From (m)
40.00
106.20
127.50
140.00
141.65
112.00
126.00
5.30
5.30
9.50
80.00
81.00
103.00
241.00
104.00
104.00
23.00
36.00
36.00
97.00
196.30
197.00
196.30
17.60
26.00
28.00
180.00
223.00
248.60
30.00
35.00
74.00
97.00
97.00
97.00
130.00
210.00
288.00
45.00
53.50
47.00
80.00
124.00
124.00
154.00
124.00
124.00
159.00
159.00
177.00
213.00
215.00
227.00
231.00
245.00
285.00
290.00
6.00
7.00
92.00
157.00
183.00
192.00
202.00
205.00
220.00
To (m)
46.00
108.00
128.00
145.00
143.50
127.00
127.00
56.00
22.50
13.00
105.00
85.00
105.00
242.00
107.00
105.00
50.00
46.20
40.00
98.00
203.00
198.50
199.00
39.00
31.00
31.00
181.00
224.00
250.00
134.50
36.00
75.00
134.80
109.00
99.00
134.80
211.00
289.00
90.00
54.50
55.00
83.00
235.50
182.00
181.50
141.00
125.00
172.00
165.00
182.00
235.50
218.00
235.50
235.50
246.00
286.00
291.00
16.00
8.00
93.00
222.00
185.00
193.00
209.00
207.50
221.00
Interval
6.00
1.80
0.50
5.00
1.85
15.00
1.00
50.70
17.20
3.50
25.00
4.00
2.00
1.00
3.00
1.00
27.00
10.20
4.00
1.00
6.70
1.50
2.70
21.40
5.00
3.00
1.00
1.00
1.40
104.50
1.00
1.00
37.80
12.00
2.00
4.80
1.00
1.00
45.00
1.00
8.00
3.00
111.50
58.00
27.50
17.00
1.00
13.00
6.00
5.00
22.50
3.00
8.50
4.50
1.00
1.00
1.00
10.00
1.00
1.00
65.00
2.00
1.00
7.00
2.50
1.00
Au (g/t)
0.61
3.49
29.90
5.91
15.22
0.68
5.64
0.45
0.94
3.44
0.41
0.87
1.60
1.02
0.92
2.25
0.59
1.07
1.80
1.91
1.10
3.21
2.70
1.17
3.75
5.71
1.11
1.45
1.35
0.56
2.98
2.03
1.23
2.68
11.00
2.71
1.78
1.19
0.54
3.15
1.02
4.18
1.25
2.04
3.57
1.11
10.25
5.32
4.17
5.14
0.89
1.39
1.81
3.07
1.66
3.81
1.12
1.56
10.65
2.55
0.84
2.02
2.35
5.84
15.92
1.27
Comments
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
including
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 22 July 2021
Hole_ID
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0051
ZDDH0052
ZDDH0052
ZDDH0052
ZDDH0052
ZDDH0052
ZDDH0052
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0053
ZDDH0054
ZDDH0054
ZDDH0054
ZDDH0054
ZDDH0054
ZDDH0054
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0055
ZDDH0056
ZDDH0056
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
ZDDH0057
10
From (m)
249.00
251.00
251.00
258.00
260.00
264.00
303.00
317.00
317.00
328.00
345.00
10.00
25.00
25.50
64.00
154.00
177.00
7.70
15.00
36.00
64.00
64.00
66.00
64.00
134.50
146.00
188.00
240.00
274.00
274.00
280.00
91.00
104.00
118.50
252.00
28
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