Tesoro Gold

Tune in to watch Stockhead's Sarah Hughan as she sits down with our Managing Director, Zeff Reeves as he chats about our drilling at the El Zorro gold project in Chile: https://bit.ly/40BsbeK #TesoroGold #TSO #Chile

Tesoro Gold is featured in Morgans Financial Limited latest global gold company comparison research. The tables below provides a clear view of how gold exploration and production companies are currently valued, using an Enterprise Value per Resource (EV/oz) metric to rank companies across multiple countries and Australia.   The research emphasises Tesoro’s substantial upside potential at its current market valuation. With the ongoing expansion of our Ternera Gold Deposit and a positive outlook for gold prices, Tesoro is well-positioned as an appealing investment opportunity.   #TesoroGold #TSO #Gold #Mining #ElZorro #Chile #ASX

Read more about our latest round of drilling at our El Zorro project in Chile, which includes the highest grade ever recorded at the Ternera deposit at 924g/t, in the below Stockhead article. Zeff Reeves Geoff McNamara #TesoroGold #TSO #Chile #Gold #ElZorroProject

Today's top ASX #drilling intercepts reported on the HUB! Get this in your inbox @ market open: https://lnkd.in/gMa52zjm PubCo. - Register/access your free profile: https://lnkd.in/g3J-Yr8J See full weekly list: https://lnkd.in/g27qRaDc Tesoro Gold | Southern Cross Gold | Alto Metals Ltd | Saturn Metals Limited | Solstice Minerals | Asian Battery Metals PLC | Critical Resources #gold #copper #lithium #criticalminerals #asx #asxnews

Morgans Financial Limited has released a research flash note on Tesoro Gold, highlighting our results from drilling at the El Zorro project outlining the highest ever grades at the project, reinforcing the geological endowment and upside potential. In their coverage, Morgans highlighted: 🔹ZDDH0349A appears encouraging as the primary purpose of in-fill drilling is to increase confidence in what is assumed to exist. 🔹Intercepting high grade zones may stand to increase grade and/or ounces of the resource. 🔹Mineralisation is near surface and grade increasing with depth supporting the economic rationale to mine deeper. Stay tuned as we continue our journey to unlock further value at El Zorro!   #TesoroGold #TSO #Gold #Mining #Exploration #ElZorro #Chile

We are pleased to announce exceptional assay results from our ongoing drilling program at the El Zorro Gold Project in Chile, with one of the highest-grade intercepts ever recorded in the Ternera Gold Deposit. Drilling in the northern area of Ternera intersected wide, high-grade mineralisation, with an impressive 924g/t Au over 0.5m at just 78.10m depth in hole ZDDH0349A – the highest assay to date at this site.   Key intercepts include 46.15m @ 11.86g/t Au from 77.15m, which features an extraordinary 22.25m @ 23.66g/t Au, comprising 1.85m @ 263.00g/t Au and the record-breaking 0.5m @ 924g/t Au. Additional high-grade zones were intercepted in both Ternera and Ternera East, with notable intervals such as 10m @ 1.72g/t Au from 147.00m and 24.4m @ 0.75g/t Au from 79.60m. These results underscore the potential of Ternera as a high-grade gold project.   Drilling is ongoing, aiming to expand and further define the mineralised zones at both Ternera and Ternera East. Tesoro remains committed to unlocking the full potential of the El Zorro Gold Project and creating value for shareholders as exploration progresses.   Our Managing Director, Zeff Reeves commented: “The exceptional results from hole ZDDH0349A have significantly expanded the mineralised zone in the northern part of the Ternera Mineral Resource boundary. This clearly demonstrates the potential to add additional resource ounces with further infill and extensional drilling at the Deposit. Achieving the highest ever assay from drilling at Ternera - 924g/t Au - highlights the very high-grade nature of the wide, continuous gold zones within the Deposit.”   Read the full announcement here: https://bit.ly/4hkpP9U   #TesoroGold #TSO #Gold #Mining #ElZorro #Chile #ASX

We are pleased to announce the release of the Quarterly Activities and Cashflow Report for the period ending 30 September 2024, highlighting significant exploration progress and a strong financial position.   A key development from the quarter is the discovery of a new +200m thick El Zorro Tonalite (EZT) intrusive body at the Ternera East target, potentially representing a fault offset of the main Ternera Deposit. This exciting new target, located just 300m east of the Ternera Gold Deposit, has shown promising results from initial drilling. Notably, diamond drill hole ZDDH0341 intercepted two well-mineralised zones, including 49.50m @ 0.55g/t Au, with higher-grade intervals of 15.40m @ 1.21g/t Au and 5.40m @ 2.21g/t Au. Another substantial intercept included 36.00m @ 1.00g/t Au, featuring 17.50m @ 1.91g/t Au and 7.70m @ 3.64g/t Au. Additional drilling is ongoing to better understand the potential of this target, with assay results expected soon.   On the corporate front, Tesoro successfully raised A$9.7 million through a share placement, further strengthening its balance sheet, which now includes A$5.66 million in cash and no debt. This funding will support the company’s ambitious exploration plans, with a significant contribution from strategic partner GOLD FIELDS.   Managing Director, Zeff Reeves emphasised that the progress at Ternera East has the potential to substantially increase the scale of the broader Ternera Gold Deposit and contribute additional ounces to the 1.3Moz Mineral Resource. Tesoro is well-positioned to continue advancing its exploration agenda with robust financial backing.   Read the full Quarterly Report for more detailed insights into Tesoro's activities and upcoming plans: https://bit.ly/3NCtbr4   #TesoroGold #TSO #Gold #Mining #Exploration #ElZorro #Chile #ASX #QuarterlyReport

We are pleased that Unified Capital Partners (UCPS) has initiated formal research coverage on Tesoro Gold, highlighting significant upside potential at our El Zorro Gold Project in Chile. With the ongoing expansion of the Ternera Gold Deposit and a positive outlook for gold prices, we are well-positioned for growth.   In their coverage, UCPS emphasised: 🔹A growing gold resource at Ternera with recent drilling results indicating potential for multi-million-ounce development. 🔹 Strategic positioning in a prolific gold region with strong infrastructure access. 🔹 Exploration upside and continued project development.   Analyst, Phillip Kin notes, “TSO has a significant land holding in a highly prospective area that enjoys strong gold prices, supportive governments and established infrastructure.”   Stay tuned as we continue our journey to unlock further value at El Zorro!   #TesoroGold #TSO #Gold #Mining #Exploration #ElZorro #Chile 

In terms of motives, BofA is firmly Team Fiscal Profligacy: 10-year real rates have historically been a critical gold price driver. Yet the correlation between the two assets has weakened: a decline in rates is still bullish, but higher rates do not necessarily put pressure on gold. This reflects a number of factors, not least concerns that fiscal policy in both the US and elsewhere may not be sustainable. Indeed, the Committee for a Responsible Federal Budget notes that the national debt is projected to reach a new record high as a share of the economy only three years from now, well within the next presidential term, pushing up interest rate payments as a share of GDP. In turn, this makes gold an attractive asset, so we reaffirm our $3,000/oz target. Indeed, with lingering concerns over US funding needs and their impact on the US Treasury market, the yellow metal may become the ultimate perceived safe haven asset. Tesoro Gold $TSO #drilling #discoveries #mines #goldequities #exposure Susan Kerr Linton Putland Zeff Reeves Sergio Uribe Valdés Ruben Angel Cahuana Ari Henry Carlos Nolasco Cárdenas William Henry Quispe Garcia Rob Hallam George BouAntoun Philipp M-O Kin Jonathon Higgins Marc Nicomede

As the price of gold continues to rise, currently surpassing $2,600/oz - a remarkable increase of over 26% this year - investors are increasingly recognising the metal's enduring value. This trend is particularly relevant for Tesoro Gold, as we advance our El Zorro Gold Project, which is emerging as a significant gold discovery in Chile.   With an existing resource of 1.5Moz, exceptional growth potential, and aggressive exploration strategy, El Zorro is well-positioned to unlock a new gold province. As we continue the advancement of our Ternera gold discovery, we encourage you to read the insightful article linked below, which highlights the rising demand for gold and the factors contributing to its impressive performance this year.   Read the full article by the Financial Times’ Katie Martin: https://bit.ly/3Y7SGFs   Geoff McNamara   #TesoroGold #TSO #Gold #Mining #Exploration #ElZorro #Chile