Tesoro Gold Initiates Permitting for El Zorro Project in Chile

Tesoro Gold has begun the permitting process for its El Zorro Gold Project in Chile through an Environmental Impact Study, facilitated by Pares & Alvarez. This initiative aims to mitigate risks and align project timelines. The EIA completion is expected in 24 months, after which necessary approvals for construction will be sought. Tesoro Gold holds a market cap of $30.76 million and has experienced a 300.0% YTD price increase.

Tesoro Gold Limited has commenced the permitting process for its El Zorro Gold Project in Chile by initiating an Environmental Impact Study (EIA) in collaboration with the Chilean engineering firm Pares & Alvarez. This strategic decision aligns approval milestones with development activities, aiming to further advance and mitigate risks related to the project. The EIA is anticipated to take 24 months to assess environmental and social impacts, leading to the necessary approvals for construction and operation of the mine. This step is essential as the company continues its engagement with infrastructure providers and stakeholders to facilitate development.

Tesoro Gold Limited is a prominent player in the gold mining sector, concentrating on the exploration and advancement of gold resources. The company’s flagship initiative is the El Zorro Gold Project in Chile, where the goal is to establish and operate a gold mining facility.

The Year-to-Date (YTD) price performance of Tesoro Gold has seen a notable increase of 300.0%. The average trading volume stands at 15,666 shares, and the current market capitalization of the company is approximately $30.76 million.

Tesoro Gold Limited’s initiation of the permitting process for the El Zorro Gold Project marks a significant milestone in its development strategy. By undertaking an Environmental Impact Study, the company takes crucial steps toward compliance with environmental regulations and stakeholder engagement. This process is essential for the project’s advancement and eventual construction of the gold mine, reflecting the company’s commitment to responsible mining practices.

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