Wide Gold Intercepts returned from Ternera

• Infill drilling returns wide, high-grade gold intercepts including 43.08m @ 1.98g/t Au and 80.20m @ 0.93g/t Au
• Extensional drilling intersects shallow, high-grade gold mineralisation at the northern extension of Ternera
• New discovery drilling underway at high-priority regional prospects including La Brea

Tesoro Gold Limited (ASX: TSO) is pleased to announce significant assay results from ongoing diamond drilling at the El Zorro Gold Project in Chile. The company has three concurrent, fully funded, diamond drilling programmes underway, for a total of approximately 38,000 m, including infill drilling to support Pre-feasibility Study (PFS) workstreams, extensional drilling to define and extend shallow northern and southern extensions and test depth extensions to the existing Ternera Deposit, and new discovery drilling of approximately 12,000m focused on priority undrilled targets and follow-up on previous results. The initial results from the first eleven holes (three infill and eight extensional) have returned wide intervals of high-grade gold mineralisation. Infill drilling highlights include 43.08m @ 1.98g/t Au from 476.00m and 80.20m @ 0.93g/t Au from 118.80m. Extensional drilling has intersected shallow, high-grade gold mineralisation at the northern extension of Ternera, with drill hole ZDDH0387 returning 10.06m @ 1.70g/t Au from 59.74m. New discovery drilling has commenced at the high-priority La Brea target, with five holes for approximately 1,200m planned in this initial phase. These programmes collectively form a major workstream aimed at growing the El Zorro gold inventory, de-risking development, and advancing the Project towards production.

Tesoro is now fully funded to start an expansive phase of drilling to further unlock the opportunity across the entire El Zorro Gold Project. The company firmly believes El Zorro has the geological potential to host multiple gold deposits, and these exploration programmes will run alongside development workstreams at Ternera.