Tesoro Resources (ASX: TSO, OTCQB: TSORF) is an Australian publicly listed company with the development stage El Zorro gold project in Chile. Tesoro owns 95% of its Chilean subsidiary, Tesoro Mining Chile SpA (TMC) and has recently increased its ownership of the El Zorro Gold Project (El Zorro) in Chile to 85%. This region is host to multiple world class gold mines, has well established infrastructure, service providers and an experienced mining workforce.
Tesoro has recently commenced trading on the OTCQB market in the United States, a U.S. trading platform that is operated by OTC Markets Group Inc. in New York, (OTCQB: TSORF).
Tesoro has defined 15.4Mt @ 1.1g/t Au for 540koz at the El Zorro Gold project. Outcropping Orebody with Multiple High-Grade Zones, Scoping Study to commence post updated resource (targeting 1 million ounces) for Large Open Pit, 45% of gold recovered by Gravity, 94.5% total recovery @ 150 micron grind size, Simple Flowsheet Single Stage Crushing, SAG Mill, Gravity & CIL.
Multiple new thick high-grade gold zones outside existing Resource:
21.00m @ 5.26g/t Au; contained within 205.00m @ 0.96g/t Au;
17.50m @ 4.51g/t Au; contained within 40.00m @ 2.11g/t Au;
13.50m @ 15.84g/t Au; contained within 67.00m @ 3.44 g/t Au;
14.00m @ 6.81g/t Au; contained within 25.00m @ 4.22 g/t Au; and
17.10m @ 5.10g/t Au; contained within 71.00m @1.58g/t Au.
Tesoro is led by a team of experienced mining professionals with strong geological, mining and finance backgrounds as well as supplemented by significant in-country expertise.