Tesoro Resources Ltd (ASX:TSO) has announced latest assay results from drilling at the Ternera Gold Deposit located at the Company?s El Zorro Gold Project in Chile. Tesoro received assays for 6 diamond drill holes completed as part of the current extensional and infill drilling program at El Zorro. Results continue to improve the Company?s understanding of the continuity of gold mineralisation throughout the Ternera Gold Deposit plus extending known gold zones. Results will be used for the calculation of an updated Mineral Resource Estimate once assays are received for all outstanding holes.
Following the announcement, shares in Tesoro Resources Ltd rose 1.25% to $0.081/share.
When a mining company announces a new resource discovery it?s exciting times for shareholders.
A lot of capital goes into exploration and when a new deposit is found there?s usually a share price boost.
Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.
When discussing new resource discoveries it?s beneficial to know the difference between greenfield and brown exploration.
Greenfield exploration is looking for mineral deposits in areas that have not been explored.
In brownfield exploration deposits are being sought near or next to an already existing mine.