Ankündigung • Mar 11
Tesoro Gold Ltd, Annual General Meeting, May 06, 2026 Tesoro Gold Ltd, Annual General Meeting, May 06, 2026. Location: at 31-33 cliff street, fremantle wa 6160 Australia Recent Insider Transactions • Dec 07
Non-Executive Director recently sold AU$207k worth of stock On the 1st of December, Geoffrey McNamara sold around 180k shares on-market at roughly AU$1.15 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Ankündigung • Oct 01
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 503,671,051
Price\Range: AUD 0.053
Discount Per Security: AUD 0.00265
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 137,838,383
Price\Range: AUD 0.053
Discount Per Security: AUD 0.00053
Transaction Features: Subsequent Direct Listing New Risk • Sep 09
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$16m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$150k revenue, or US$99k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$16m). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$92.7m market cap, or US$61.2m). New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$165k revenue, or US$108k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$80.6m market cap, or US$52.6m). Price Target Changed • Aug 11
Price target increased by 35% to AU$0.15 Up from AU$0.11, the current price target is provided by 1 analyst. New target price is 335% above last closing price of AU$0.034. Stock is up 31% over the past year. The company posted a net loss per share of AU$0.0012 last year. Ankündigung • Jun 26
Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.070484 million. Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.070484 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 388,353,510
Price\Range: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,916,667
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing New Risk • May 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (AU$165k revenue, or US$106k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$52.4m market cap, or US$33.6m). Ankündigung • Apr 17
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 11.070484 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 11.070484 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 388,353,510
Price\Range: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,916,667
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing New Risk • Mar 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Revenue is less than US$1m (AU$165k revenue, or US$104k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$49.7m market cap, or US$31.3m). Ankündigung • Dec 02
Tesoro Gold Ltd, Annual General Meeting, May 31, 2025 Tesoro Gold Ltd, Annual General Meeting, May 31, 2025. Ankündigung • Sep 11
Tesoro Gold Ltd Provides Update on Legal Proceedings Involving Wanaco SpA Tesoro Gold Limited provided an update on legal proceedings initiated by Wanaco SpA (Wanaco), the joint venture partner in the El Zorro Gold Project (El Zorro). On 31 August 2024, the Company received notice from the 29th Civil Court of Santiago (the Court) that certain claims filed by Wanaco in February 2024 relating to an alleged "abandonment" of works under the option and joint venture agreement between Wanaco and Tesoro's 95% owned Chilean subsidiary have been dismissed. The Court ordered Wanaco to pay costs in favour of Tesoro, with Wanaco retaining the right to appeal this decision. Certain claims by Wanaco SpA against Tesoro's Chilean subsidiary, Tesoro Mining Chile SpA, have been rejected by the 29th Civil Court of Santiago. The Court's dismissal represents a further rejection of Wanaco SpA's attempts to have mining concessions, currently owned by Tesoro subsidiary El Zorro S.C.M., transferred. On 31 August 2024, the Court dismissed these Additional Claims ordering Wanaco to pay the costs associated with the procedure. Other claims relating to El Zorro S.C.M. (including in relation to the Capital Increase) remain outstanding, and Tesoro is committed to vigorously defending all spurious claims brought by Wanaco. Ankündigung • Sep 03
Tesoro Gold Ltd, Annual General Meeting, Nov 14, 2024 Tesoro Gold Ltd, Annual General Meeting, Nov 14, 2024. Location: at 31-33 cliff street, fremantle wa 6160. Australia Ankündigung • Jul 20
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 9.7 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 9.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 283,333,334
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 16
Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million. Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 97,377,778
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 69,288,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 20
Tesoro Gold Ltd Announces CFO Changes Tesoro Gold Limited advised the appointment of Mr. Graeme Morissey as Chief Financial Officer of the Company, effective November 20, 2023, following the resignation of Ms Pennee Osmond. Mr. Morissey has held Director-level roles in the audit divisions of global accounting firms EY, KPMG and Grant Thornton. He has over 15 years' direct experience in servicing clients within the mining exploration and development sector. This includes specific expertise extending across compliance with the Australian Securities Exchange (ASX), the Australian Accounting Standards Board, the Corporations Act 2001 (Cth) and Department of Mines regulation. Mr. Morissey has also consulted directly to CFOs within the Australian mining sector, which has included services to assist management to optimise internal reporting processes, cash management and cashflow forecasting. His clients have included gold production companies Westgold and Ora Banda. Mr. Morissey is a Chartered Accountant (CA), a Fellow of the Governance Institute of Australia (FGIA) and a member of the Australian Institute of Company Directors (MAICD). He holds a Bachelor of Commerce from McMaster University in Canada. Ankündigung • Nov 14
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 97,377,778
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 69,288,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Subsequent Direct Listing New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.9m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$37k revenue, or US$23k). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$17.9m market cap, or US$11.4m). New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.8m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.9m free cash flow). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$37k revenue, or US$23k). Market cap is less than US$10m (AU$15.8m market cap, or US$9.98m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Ankündigung • Oct 07
Tesoro Gold Limited Announces Resignation Non-Executive Director, Kristie Young Tesoro Gold Limited announced that Non-Executive Director, Ms. Kristie Young has resigned effective immediately, to focus on her other commitments. Ankündigung • Sep 29
Tesoro Gold Ltd, Annual General Meeting, Nov 16, 2023 Tesoro Gold Ltd, Annual General Meeting, Nov 16, 2023, at 12:00 W. Australia Standard Time. Location: 31-33 Cliff Street Fremantle Australia New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$20.0m market cap, or US$12.9m). Ankündigung • Aug 30
Tesoro Gold Limited Announces the Appointment of Alan Gibson as Non-Executive Director Tesoro Gold Limited announced the appointment of Mr. Alan Gibson as Non-Executive Director. Alan Gibson is an experienced and skilled M&A lawyer, with more than 20 years' experience in Corporate, Energy and Resources Law, including more than 10 years of that as part of the Gold Fields Corporate Development team. Alan is currently Vice President: Corporate Development Head of Legal for Gold Fields and has played an important role in a number of the group's key growth transactions around the world, including the proposed joint venture between Gold Fields' Tarkwa mine and AngloGold Ashanti's Iduapriem mine in Ghana; the partnership with Osisko Mining at Windfall in Quebec, Canada; acquiring the Granny Smith, Lawlers and Darlot gold mines from Barrick in 2013; acquiring a 50% interest in the Gruyere gold mine in 2016; and evaluating the various funding options for Gold Fields' key development asset Salares Norte in Chile in 2020. Mr. Gibson is an admitted legal practitioner holding a Bachelor of Laws and Bachelor of Economics from Murdoch University (WA). Ankündigung • Jan 23
Tesoro Gold Ltd, Annual General Meeting, Feb 22, 2023 Tesoro Gold Ltd, Annual General Meeting, Feb 22, 2023, at 13:30 W. Australia Standard Time. Location: 31-33 Cliff Street Fremantle Western Australia Australia Agenda: To consider approval to issue options to gold fields; to consider ratification of prior issue of certain shares issued to gold fields; to consider selective share buy-back from acuity capital; and to consider selective share buy-back from forfeiting shareholders. Ankündigung • Jan 17
Tesoro Gold Ltd Announces Assay Results from Close Spaced Continuous Channel Sampling over the Kitsune and Toro Blanco Targets at the El Zorro Gold Project (El Zorro), Chile Tesoro Gold Limited announced assay results from close spaced continuous channel sampling over the Kitsune and Toro Blanco Targets at the El Zorro Gold Project (El Zorro), Chile. Sampling has been completed over prospective host El Zorro Tonalite outcrops and fault zones, with anomalous gold results highlighting the potential for the Ternera Gold Deposit to continue approximately 3.2km north to Kitsune. Surface Sampling: Results have been received for 798 channel samples taken as part of a detailed mapping and sampling program at the Toro Blanco and Kitsune targets. Toro Blanco and Kitsune are interpreted to be the northern extension of the Ternera Gold Deposit. To date results have been returned for 1,493 samples across both targets, which have now successfully delineated a large 3.2km by 1.5km mineralised gold zone, analogous to Ternera. Samples were taken as continuous rock chips, with prospective rock types outcropping at surface as fresh or weakly oxidised outcrops. This provides a high level of geological information about the nature and control of gold mineralisation throughout the sampled areas. Drilling: Drilling has recommenced at El Zorro, focusing on further extending the recently announced southern extension of the Ternera Gold Deposit. The southern extension is a newly discovered shallow zone of gold mineralisation which was intercepted in hole ZDDH0309, approximately 200m south of the existing 1.1Moz MRE. The mineralisation is open to the south with the current drill program designed to continue to extend the deposit to the south and further understand the geometry of this mineralised zone and delineate additional gold resources. The Company is also advancing the calculation of an updated MRE aiming to improve resource classification and continuity of mineralisation throughout the deposit with the addition of drilling data from holes drilled since June 2022. It is envisaged an updated MRE will be completed in First Quarter current year 2023. Ankündigung • Dec 01
Tesoro Gold's Drilling Confirms New Discovery At Calderillas Target Tesoro Gold Limited announced assay results from first pass scout drilling at the Calderillas Target (Calderillas)and a step out hole completed at the Ternera Gold Deposit (Ternera), at the El Zorro Gold Project (El Zorro), Chile. All holes returned significant intercepts of gold mineralisation. Holes ZDDH0308 and ZDDH0310 were drilled as initial "scout" holes to drill test the 2.5km long by 0.5km wide zone of outcropping gold mineralisation previously discovered. The holes were drilled approximately 1.35 km apart testing the western and eastern end of the surface mineralised zone. Gold mineralization identified at Calderillas is interpreted to be strongly controlled by the presence of NNW fault systems crossing the El Zorro Tonalite dykes, the main gold host lithology at El Zorro. Both holes targeted the down dip projections of surface mineralisation hosted within fault zones and returned positive results at the targeting areas. Hole ZDDH0310 is particularly encouraging as it returned a relatively wide interval of 21.00m with gold grades of up to 3.92 g/t Au contained within a medium to coarse grained sedimentary unit, highlighting the potential of additional prospective host rocks at El Zorro. As initial scout holes on a new target, the results are highly encouraging and highlight the potential of the El Zorro Gold Project to contain additional gold deposits. Calderillas occurs approximately 5km north of Ternera with the Kitsune target potentially linking the two areas, with widespread outcropping gold occurrences having been identified. The Company plans to undertake additional drilling at Calderillas and initial drilling at Kitsune in the coming months. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). MD & Director Zeff Reeves is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Kristie Young was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Nov 10
Tesoro Gold Ltd. Announces Assay Results from Extensional and Infill Drilling at Ternera Gold Deposit at El Zorro Gold Project, Chile Tesoro Gold Ltd. announced assay results from extensional and infill drilling completed at the Ternera Gold Deposit (Ternera) at the El Zorro Gold Project (El Zorro), Chile. Results have been received for 7 holes, with all holes returning significant intercepts of gold mineralisation. Hole ZDDH0309 has returned a significant result, having intersected multiple gold zones well outside of the existing Mineral Resource Estimate (MRE) envelope Importantly, hole ZDDH0309 has located a new, shallow, high-grade gold zone approximately 200m south of the existing MRE area and commencing at approximately 30m below surface. Other results include multiple shallow high-grade intercepts defining a consistent nea surface gold zone in the west of the Deposit including: ZDDH0302- 1.00m @ 17.50g/t Au from 69.00m. ZDDH0304- 16.00m @ 0.67g/t Au from 91.00m including; 1.00m @ 6.73g/t Au from 91.00m. ZDDH0305- 16.00m @ 1.45g/t Au from 69.00m including; 3.00m @ 5.45g/t Au from 69.00m, DDH0307- 2.22m @ 2.39g/t Au from 100.78m; and 0.80m @ 5.40g/t Au from 184.00m. Holes ZDDH0303 and ZDDH0309 were drilled in the south of the Ternera Gold Deposit, targeting extensions to the existing Mineral Resource. Both holes were designed to test the location of controlling faults and vein systems which are associated with gold mineralisation at Ternera. Hole ZDDH0303 returned a broad low-grade intercept, interpreted to be proximal to the main mineralised fault system. Hole ZDDH0309 returned a shallow, wide, high-grade intercept, having successfully located the main mineralised fault zone. Where the fault passes through the favourable EL Zorro Tonalite, host rock gold mineralisation is well developed. Importantly, the mineralised zone encountered commences approximately 30m below surface and indicates the potential for additional shallow gold resources to be delineated. Mineralisation remains open to the south and at depth. Holes ZDDH0301, ZDDH0304, ZDDH0305 and ZDDH0307 were drilled in the western part of the Deposit as infill holes targeting shallow, high-grade mineralised zones. All holes returned positive results, evidencing continuity of mineralisation. Hole ZDDH0306 was drilled as an extensional hole in the northern part of the deposit. The hole intercepted multiple gold zones between 100m and 200m down hole, highlighting the potential to extend the deposit to the north. Ankündigung • Oct 31
Tesoro Gold Limited Announces Assay Results from First Pass Regional Exploration at El Zorro Gold Project, Chile Tesoro Gold Limited announced assay results from first pass regional exploration at the El Zorro Gold Project (El Zorro), Chile. Results have been received for 159 channel samples taken as part of a first pass mapping and sampling program at the Animas Viejas target, approximately 35km north of the Ternera Gold Deposit ("Ternera"), 23 samples reported assays greater than 0.10g/t Au in outcrop, with grades of up to 2.00m @ 2.78g/t Au. Anomalous results have a defined a highly prospective target covering approximately 7km x 2km associated with intrusive rocks of similar composition to the main gold host rocks at Ternera. A first-pass, regional surface mapping and sampling has been completed at the Animas Viejas target, approximately 35km north of the Ternera Gold Deposit. Work completed consisted of Tesoro geologists traversing the area and making direct geological observations of outcropping lithologies. Rock chip sampling was carried out on areas considered prospective for gold mineralisation. The geology of the Animas Viejas area is dominated by Paleozoic basement sedimentary units and a large intrusive batholith, the Flamenco Pluton. Mapping in the area has identified extensive system of intrusive dyke swarms of similar composition to the El Zorro Tonalites which host the majority of gold mineralisation at Ternera. Where these dyke swarms have been affected by later faulting and alteration, they are considered prospective for gold mineralisation. Several zones of strong alteration associated with faulting were identified and sampled, producing anomalous results. The program has defined an area of approximately 7km x 2km prospective for gold mineralisation. Further detailed work is planned over this area to define future drill targets. Ankündigung • Oct 26
Tesoro Gold Ltd Announces the Resignation of John Toll as Non- Executive Chairman Tesoro Gold Ltd. announced that Non- Executive Chairman, Mr. John Toll has resigned as a director effective immediately. Mr. Toll has been a director of the Company since January 2020, having served on the Board of predecessor entity, Plukka Limited, since 2017. Ankündigung • Oct 06
Tesoro Gold Ltd, Annual General Meeting, Nov 25, 2022 Tesoro Gold Ltd, Annual General Meeting, Nov 25, 2022, at 15:00 W. Australia Standard Time. Location: 31-33 Cliff Street, Fremantle WA 6160 Fremantle Australia Ankündigung • Sep 27
Tesoro Gold Limited Announces Assay Results from Three Holes from the Current Drilling Program At the El Zorro Gold Project Chile Tesoro Gold Limited (Tesoro or the Company) announced assay results from three holes from the current drilling program at the El Zorro Gold Project (El Zorro), Chile. All holes have returned positive gold results with holes ZDDH0300 and ZDDH0301 adding further wide zones of mineralization within the Ternera Gold Deposit (Ternera). Results received for three holes of the current infill and extensional drill program at the 1.1 Moz Ternera Gold Deposit (Ternera) at the El Zorro Gold Project (El Zorro). Further wide high grade gold results returned, highlights include: ZDDH0300: 221.00m @ 0.85g/t Au from 153.00m, including: 129.60m @ 1.08g/t Au from 193.40m; 22.60m @ 2.51g/t Au from 193.40m; 7.50m @ 4.16g/t Au from 206.00m; and 22.50m @ 1.48g/t Au from 292.50m. ZDDH0301: 22.08m @ 1.98g/t Au from 346.00m, including: 17.86 @ 2.35g/t Au from 346.00m; and 4.36m @ 4.67g/t Au from 349.14m. Results provide significant infill intercepts within existing resource, further upgrading the Ternera Gold Deposit Mineral Resource Estimate (MRE). Eleven holes completed for 4,301m with assays outstanding for 6 holes. Hole ZDDH0300 is the 26th hole that has returned >100 gram metre gold intercept at the Ternera Gold Deposit. First hole at the Calderillas Target underway, with results expected in 4-6 weeks. Ankündigung • Sep 12
Tesoro Gold Limited Announces El Zorro High-Grade Gold Results Define New Drill Targets Tesoro Gold Limited announced assays have been received for detailed surface mapping and sampling work at the Calderillas target, 4km north of the Ternera Gold Deposit returning multiple wide, high-grade gold results, delineating a >2.5km long, outcropping gold zone. These results combined with previously announced results (ASX announcement 4 July 2022) will assist drill targeting at Calderillas with two high priority zones having been identified. Results for 326 samples have been received, full results are presented in Appendix 1. The Company has also acquired, two new strategic concessions within the El Zorro Gold Project (El Zorro). The two concessions were acquired through a public auction process due to a default on concession conditions by the previous owners. The two concessions add approximately 2.40km2 to the El Zorro project area. Importantly both concessions are located within the high priority gold targets of Calderillas and Kitsune. Both concessions were acquired for CLP5,364,965 (approx. AUD 9,000). Detailed surface sampling and mapping programs previously identified (ASX annoucnement 4 July 2022) the Calderillas target, which shows the same surface characteristics as the 1.1Moz Ternera Gold Deposit. Detailed follow up channel sampling and mapping programs have now delineated a >2.5km long outcropping gold anomaly at Calderillas, strongly controlled by the interaction of northwest trending fault systems and the occurrence of El Zorro Tonalite, the main gold host rock at El Zorro. Sampling has been conducted via continuous trenches, with outcropping rock being sampled, therefore results are representative of the underlying geology. Multiple, wide well mineralised zones have been identified, analogous to the surface expression of Ternera. Two high priority zones have been selected for drill testing (Figure 2) which is due to start within the coming days. In addition, further detailed sampling is being completed at the Kitsune target to delineate drill targets. The Tesoro team has now mapped the prospective El Zorro Tonalite intrusive rocks over 50km of strike with surface gold mineralisation having been identified in a north-south trending belt over 27km long and approximately 12km wide. The Company continues its district scale mapping and sampling programs and confirming the potential of El Zorro to host multiple gold deposits. Ankündigung • Aug 31
Tesoro Gold Ltd Announces Assay Results from Drilling Program At El Zorro Gold Project (El Zorro), Chile Tesoro Gold Ltd. announced assay results from two holes from the current drilling program at the El Zorro Gold Project (El Zorro), Chile. Holes ZDDH0297 and ZDDH0298 have returned exceptionally long mineralised intervals from within the Ternera Gold Deposit (Ternera)at El Zorro. Both holes were drilled to test and confirm the down plunge continuity of gold mineralisation within the main intrusive body, hosting gold mineralisation at Ternera. They have also provided sufficient drill coverage to potentially increase the resource classification within the existing Mineral Resource Estimate (MRE). The current Ternera MRE stands at 1.1Moz (503koz indicated) of gold. Drilling at Ternera is targeting an improvement of resource classification, particularly the distribution of Indicated classification in the upper parts of the deposit, as well as testing and extending the down plunge high grade zones within the Deposit. Holes ZDDH0297 and ZDDH0298 have been drilled at an optimal orientation to meet these criteria, by efficiently reducing drill spacing between existing drill holes and confirming geological continuity of mineralisation. Both holes intercepted significant high-grade gold zones which have the potential to improve the gold grade within areas of the MRE. It should be noted that both holes were subject to significant hole deviations; deviating to the west and lifting with depth. These deviations resulted in portions of the holes, particularly hole ZDDH0298, moving into the less mineralised footwall (to the west) of the targeted EZT intrusion. Scope remains for improved results with more accurate drilling. Drilling is also targeting expansion of the Ternera Deposit to the north and south with several holes planned to target areas of open mineralisation. Drilling continues at Ternera with 7 holes for 3,275m having been completed. Assays remain outstanding for 5 holes which will be announced in due course. It is envisaged that a number of the holes completed have the potential to improve the distribution of the MRE Indicated Resource classification and as results are received this will be assessed. Access is currently being established at the Kitsune and Calderillas district targets with initial drill programs due to commence within the next three weeks. Ankündigung • Aug 25
Tesoro Gold Ltd Provides an Update for the El Zorro Gold Project, Chile Tesoro Gold Ltd. provided an update for the El Zorro Gold Project, Chile. El Zorro SCM (85% owned by Tesoro Mining Chile SpA1) has recently been granted provisional surface easement rights over the El Zorro Gold Project area. The easement rights allow Tesoro to establish fixed assets such as surface infrastructure and improvements and to occupy the surface land over which the easement has been granted. The surface land at El Zorro is owned by the Chilean State and the rights have been granted by the relevant Chilean court in accordance with the special mining law procedure. The easement rights have been granted for an initial term of 7 years and relate to the execution of exploration activities, allowing some works carried out during exploration to qualify as fixed assets. It is envisaged that an additional easement application will be made to cover the full mine life of any future mining operations at El Zorro during the permitting process for the development of the El Zorro Gold Project. Chilean regulations allow the recovery of Value Added Tax (VAT) credit for expenditure made on the acquisition of fix assets, including the construction of infrastructure of the El Zorro Gold Project within the land areas covered by the easement, this includes all surface buildings, roads, earthworks, and drilling. The VAT rate in Chile is 19% on qualifying expenditures. Ankündigung • Jul 19
Tesoro Gold Ltd, Annual General Meeting, Aug 17, 2022 Tesoro Gold Ltd, Annual General Meeting, Aug 17, 2022, at 12:00 W. Australia Standard Time. Location: at 31-33 Cliff Street, Fremantle WA 6160 Fremantle Western Australia Australia Agenda: To consider Ratification Of Issue of Placement Shares (Issued In Accordance With ASX Listing Rule 7.1a); to consider Ratification Of Issue Of Placement Shares (Issued In Accordance With ASX Listing Rule 7.1); to consider Ratification Of Issue Of Placement Options (Issued In Accordance With ASX Listing Rule 7.1); to consider ratification Of Issue of Lead Manager Options (Issued In Accordance With ASX Listing Rule 7.1); and to consider ratification of Issue Of Employee Shares (Issued In Accordance With ASX Listing Rule 7.1). Ankündigung • Jul 09
Tesoro Gold Ltd Recommences Drilling At the El Zorro Gold Project Tesoro Gold Limited announced the recommencement of drilling at the Company's El Zorro Gold Project (El Zorro) in Chile. Two diamond drill rigs have commenced drilling at the Ternera Gold Deposit (Ternera) at El Zorro where the Company recently announced an upgraded Mineral Resource Estimate (MRE) of 1.1Moz @ 1.12g/t Au. Drilling is scheduled to continue for the next 3 to 4 months, initially with two diamond drill rigs. The aim of this program is to continue to expand the Ternera MRE both within the existing optimised pit shell, and also along strike to the north and south where the Deposit remains open. The drilling will also assist in upgrading the resource classification for certain areas within the existing MRE. Surface mapping and sampling work are ongoing at the new Kitsune and Calderillas targets to better define the main gold zones prior to drilling. It is envisaged additional surface sampling results will be received during July 2022 and drilling to commence on the new targets in early August 2022. Ankündigung • Jul 05
Tesoro Gold Ltd Announces Assay Results from Recent Detailed Surface Sampling and Mapping Programs At El Zorro Gold Project in Chile Tesoro Gold Ltd. announced assay results from recent detailed surface sampling and mapping programs which are ongoing at the Company's El Zorro Gold Project (El Zorro) in Chile. District and regional mapping at El Zorro have identified outcropping El Zorro Tonalite (EZT) intrusive rocks extending over 33km, the EZT is the favorable host and likely source of gold mineralization at El Zorro. The widespread occurrence of the rocks confirms El Zorro as a new Chilean IRGS Gold District, the first of its kind discovered in Chile. Tesoro's concessions cover approximately 60km of prospective strike. Mapping has identified a highly prospective north-south trending "gold" zone with outcropping occurrences of the EZT occurring as discrete dykes, as well as dyke swarms, which extend from approximately 8km south of the Ternera Gold Deposit to approximately 25km north of the Ternera Gold Deposit. The north-south trending zone is approximately 15km wide east to west. In addition, the Company has completed initial sampling over 12km of strike, confirming the presence of gold within the favorable host rocks and further expanding the gold footprint at El Zorro. Detailed surface mapping and sampling work has been completed over the new Kitsune and Calderillas targets where abundant EZT dyke swarms have previously been identified. Wide outcropping gold zones having been identified which have similarities to the surface footprint of the Ternera Gold Deposit. Results for 1,463 samples have been received. El Zorro District Mapping Programs: Tesoro holds approximately 600km2 of concessions covering approximately 60km of prospective strike at El Zorro. Recent work has focused on expanding the known footprint of the main gold host rocks at El Zorro, the EZT. The EZT occurs as intrusions, typically as dykes, sills and as swarms. The 1.1Moz Ternera Gold Deposit is predominantly hosted within a swarm of EZT dykes. Mapping has significantly increased the potential for the project to host additional gold mineralization. Anomalous gold results have been returned from initial rock chip sampling including 3.00m @ 1.17g/t Au approximately 8km south of Ternera within an altered EZT outcrop. These results and the occurrence of the EZT within a distinctive north-south belt confirm the district scale potential at El Zorro. Mapping teams are continuing to expand the prospective zone, particularly to the north, as well as commencing follow up sampling activities to determine future drill targets. El Zorro New Gold Targets: Detailed surface sampling and mapping programs have identified two new high priority targets to the north of Ternera, the Kitsune and Calderillas targets. These targets are characterized by strike extensive dyke swarms of the EZT coincident with broad gold zones up to 45m wide in outcrop. Both targets exhibit similar gold anomaly patterns and tenor to the surface expression of gold mineralization at Ternera. Gold mineralization at these areas is well developed within the EZT where it is closely associated with north-west trending fault systems and associated alteration and sheeted veining. Work is ongoing at both targets to better define drill targets, with drilling aimed to commence by late July to early August 2022. Drilling and earthmoving equipment has arrived at El Zorro in preparation for recommencement of drilling activities at the project. Drilling will commence at Ternera in the coming days to further define and expand the existing mineral resource estimate. Drilling on the new district targets will commence in late July to early August 2022 following receipt of additional surface sampling results to further define drill targets. Ankündigung • Jun 14
Tesoro Gold Ltd announced that it expects to receive AUD 5.3991 million in funding Tesoro Gold Ltd announced a private placement of 89,985,003 shares at an issue price of AUD 0.06 per share for gross proceeds of $5.3991 million on June 14, 2022. The company proposed that 23,141,425 new Shares will be issued pursuant to ASX Listing Rule 7.1, and 66,843,578 new Shares will be issued pursuant to ASX Listing Rule 7.1A. The transaction will include participation from domestic and institutional investors. The company has agreed to issue subscribers in the Placement, 62,989,502 unlisted options exercisable at AUD 0.11 each and expiring three 3 years from the date of issue. The transaction is subject to approval from the stock exchange. The offering is expected to close on June 20, 2022. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman John Toll is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Kristie Young was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Apr 26
Tesoro Resources Limited Announces Outstanding Assays Received for Remaining Drill Holes Tesoro Resources Limited announced final assay results from its 300 hole (100,235m) diamond drilling campaign at the Ternera Gold Deposit (Ternera) located at the Company's El Zorro Gold Project (El Zorro) in Chile. Tesoro received assays for five diamond drill holes completed as part of extensional and infill drilling programs at El Zorro. Results returned demonstrate the consistency of gold mineralisation across Ternera, and further expand and extend existing gold zones. Tesoro continues surface mapping programs across El Zorro, with recent results highlighting the district scale potential of El Zorro to host multiple gold deposits. Work has commenced on the modelling and calculation of an updated MRE which is targeted for completion during May 2022 and will utilise an additional 152 holes (54,732m) of drilling. The recently completed drilling program at Ternera has identified major extensions to the deposit which warrant further drilling and provide significant resource growth opportunities. In addition, the Company is currently delineating district gold targets for drilling. Ankündigung • Feb 22
Tesoro Resources Limited Announces Latest Assay Results from Drilling At the Ternera Gold Deposit Located at its El Zorro Gold Project in Chile Tesoro Resources Limited (Tesoro or the Company) announced latest assay results from drilling at the Ternera gold deposit located at the Company's El Zorro Gold Project (El Zorro) in Chile. Tesoro received assays for 10 diamond drill holes completed as part of the current extensional and infill drilling program at El Zorro. Results continue to demonstrate the consistency of gold mineralisation at Ternera with significant expansions. Holes ZDDH0268, ZDDH0271, ZDDH0273 to ZDDH0275 and ZDDH0279 were all drilled as infill holes in the central zone of the Ternera Deposit. All holes returned significant zones of gold mineralisation, with wide new gold zones having been intercepted by holes ZDDH0271, ZDDH0273 and ZDDH0275. Holes ZDDH0277 and ZDDH0278 were drilled in the west of the Ternera Deposit and further delineate shallow high grade gold mineralisation which has now been defined over 950m of strike and sits outside of the existing MRE. Holes ZDDH0260 and ZDDH0276 were drilled at the Ternera East target with both holes returning positive gold results from multiple mineralised zones. Hole ZDDH0269 was drilled approximately 400m south of the southern margin of the existing MRE and is the southernmost hole that Tesoro has drilled at Ternera. The hole returned two small gold intercepts contained within faulted El Zorro Tonalite (EZT). Hole ZDDH0269 is considered highly significant as it provides evidence that the gold mineralising system at Ternera has potential to add additional resources to the south and more drilling is required. The Company is rapidly progressing the calculation of an updated MRE with an additional 152 diamond drill holes having been drilled for 57,760m at Ternera since release of the MRE in July 2021. The Ternera Deposit remains open in all directions. Ankündigung • Feb 04
Tesoro Resources Limited Announces Latest Assay Results from Drilling At the Ternera Gold Deposit Located At the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced latest assay results from drilling at the Ternera Gold Deposit located at the Company's El Zorro Gold Project (ElZorro) in Chile. Tesoro received assays for 22 diamond drill holes completed as part of the current extensional and infill drilling program at El Zorro. Results continue to underpin further resource growth at Ternera with the deposit open in all directions. Holes ZDDH0249, ZDDH0253, ZDDH0256, ZDDH0258, ZDDH0261, ZDDH0262, ZDDH0264 and ZDDH0270 were drilled as extensional holes targeting near surface gold mineralisation to the westof Ternera. All returned positive gold results with a high-grade gold zone (grades of up to 25.00g/t Au) having been defined >700m of strike length at surface. This mineralised zone sits outside of the existing Mineral Resource Estimate (MRE). ZDDH0248, ZDDH0252 and ZDDH0255 were all drilled as extensional holes targeting the southern extensions of the Ternea Deposit. All holes intercepted multiple zones of gold mineralisation outside of the existing MRE, associated with the main host rock, the El Zorro Tonalite (EZT). Holes ZDDH0257, ZDDH0272 and ZDDH219A were drilled at Terna East and all returned multiple narrow zones of gold mineralisation associated with small EZT intrusions. Results indicate the continuity of multiple zones of gold mineralisation at Ternera East which has now been defined over 800m of strike and remains open in all direction. The Ternera East mineralisation is outside of the existing MRE. Hole ZDDH0266 was drilled to the north of Terna and has defined an important extension to the EZT and associated gold mineralisation. The hole returned multiple narrow zones of gold mineralisation approximately 150m north of the existing MRE area, further drilling is required in this area to infill and connect the mineralisation to the Ternera Gold Deposit. Hole ZDDH0254A was the second hole drilled at the Toro Blanco target approximately 1km north of the Ternea Gold Deposit. The hole intercepted narrow zones of low-grade mineralisation associated with faulting and quartz veining within sedimentary rocks. Additional work is required at Toro Blanco to further define future drill targets and the EZT. The area remains highly prospective for additional gold mineralisation. The Company has focussed recent drilling at the Ternera deposit to continue to expand and improve classification of the existing MRE. Recent drilling results have highlighted multiple areas for resource growth at Ternea with the deposit open in all directions with further drilling required. Ankündigung • Jan 12
Tesoro Resources Limited Announces Drilling Confirms District Scale Potential At El Zorro Gold Project in Chile Tesoro Resources Limited announced latest assay results from drilling at the Ternera Gold Deposit and the Ternera East discovery, located at the Company's El Zorro Gold Project (El Zorro) in Chile. Tesoro received assays for 22 diamond drill holes completed as part of the current extensional andinfill drilling program at El Zorro. Results were received for drilling from Ternera (12 holes), Ternera East(3 holes), Drone Hill (6 Holes) and Toro Blanco (1 hole).All targets returned positive results with Ternera infill and extensional drilling highlighting further are as for potential Mineral Resource growth. First pass results from Drone Hill and Toro Blanco were positive, highlighting the potential of the El Zorro Gold Project to host additional gold resources outside of themain Ternera Gold Deposit. Holes ZDDH0233 to ZDDH0237, ZDDH0237A, ZDDH0239, ZDDH0240, ZDDH0242, ZDDH0243, ZDDH0245and ZDDH0246 were all drilled as infill and extensional holes at Ternera. All holes retuned positiveresults expanding existing mineralised zones within the Ternera Gold Deposit. Holes ZDDH0237Aand ZDDH0239 were drilled in the southern margins of the deposit and have further defined new mineralised zones which remain open to the south and require additional step out drilling.ZDDH0232, ZDDH0241 and ZDDH0247 were drilled at Ternera East, with all holes returning positive intercepts. Results continue to confirm the continuity of the newly defined Ternera East gold zone which has now been confirmed by drilling over 700m of strike. Holes ZDDH0221, ZDDH0222, ZDDH222A, ZDDH224, ZDDH0238 and ZDDH0250 were drilled at the Drone Hill target to the west of the Ternera Gold Deposit. All holes intercepted the favourable El Zorro Tonalite (EZT) host rock and narrow gold intercepts. Best results were from hole ZDDH0238which returned 3.85m @ 1.73g/t Au including 1.40m @ 4.14g/t Au. The EZT encountered at Drone Hill is interpreted to sit below the main body of EZT which hosts the Ternera Gold Deposit. Hole ZDDH0244 was drilled at the Toro Blanco target approximately 1km north of the Ternera Gold Deposit. The host EZT was encountered in the upper part of the hole along with multiple narrow gold intercepts associated with quartz veining and fault zones. The EZT intercepted is interpreted to be a thin faulted offset of an upper portion of the main EZT body which hosts the Ternera mineralisation to the south with potential for the main EZT to be buried under sedimentary sequences to the east. Additional drilling is required to further test this area. Results from Drone Hill and Toro Blanco confirm the potential of additional mineralised bodies of EZT to occur within the El Zorro Gold Project with work currently underway to vector towards better zones of gold mineralisation for future drill testing and trace mineralisation intersected at depth to surface. Drilling is focussed on continuing to expand the 660koz Ternera Gold Mineral Resource(announced to ASX on 28 July 2021) and is ongoing. Additional work is currently being planned to further test Toro Blanco and Drone Hill with new areas of outcropping EZT mapped to the west and northwest of Drone Hill. Ankündigung • Dec 11
Tesoro Resources Limited Announces the Final Results from the Phase 2 Metallurgical Test Work Conducted on Mineralised Material from the Ternera Gold Deposit (Ternera) at El Zorro Gold Project, Chile Tesoro Resources Limited announced the final results from the Phase 2 metallurgical test work conducted on mineralised material from the Ternera Gold Deposit (Ternera) at the Company's El Zorro Gold Project, Chile. The Phase 2 test work program was designed to assess the gravity recovered gold component and cyanide leaching characteristics over a range of gold grades using different grind sizes to allow the selection of the most appropriate grind size for future processing. The Phase 2 test work was completed using sea water. The Phase 2 test work was conducted on representative samples from the various mineralised zones at Tenera over a range of grades. A total of 526kg of samples selected from the various mineralised zones that lie within the optimisation pit shell that was used to constrain the Tenera Mineral Resource Estimate as released on 29 July 2021. Samples were sent to the ALS Metallurgical Laboratory in Perth WA for test work. The results of this testwork program and the main conclusions drawn regarding the possible metallurgical treatment of the El Zorro deposits are as follows: The test programme successfully determined a simple processing method for recovering gold from the Ternera gold deposit with the optimal results being: Bond Ball Mill work index (BWi) = 20.4 kWh/t (from Phase 1 Test Work Program); A leach feed grind size distribution of P80 = 150µm; Cyanide consumptions of 0.5kg/t; Lime consumption of 4.0kg/t; Gravity recovery of 45%; Overall Au recovery of 94.5%; and Test work undertaken using seawater. A total of 526kg of mineralised rock samples were collected from 53 diamond drill holes from Tenera, representing each of the mineralised and grade zones within the Mineral Resource. Drillhole and sample locations are presented in Appendices 1 and 2 to this report. For full drillhole details please refer to ASX announcement of 6 December 2021. In all, twenty-five tests were conducted in the Phase 2 program. This is in addition to the three tests conducted on the Phase 1 program in 2020 (ASX Announcement 9 June 2020). A total of 326 half HQ core samples were delivered to ALS Metallurgy Laboratory, Perth, weighing 526kg. The mineralogical and domain make-up of the samples is shown below: Material from the Ternera deposit of tonalite (intrusive igneous rock), identified as EZT-FR or EZ tonalite fresh samples; Material from the Ternera deposit which are not tonalite but are fresh, identified as NS-FR or EZ non-sediment fresh samples; Material from the Ternera deposit of sediments and are fresh, identified as SED-FR or fresh sedimentary samples; and Material from the Ternera deposit of weathered or "oxide" samples, identified as OX samples. Ankündigung • Sep 27
Tesoro Resources Limited Announces Detailed Metallurgical Test Work Confirms Excellent Gold Recoveries Up to 98% Gold Recovery Tesoro Resources Limited announced the results of the detailed metallurgical test work conducted on mineralised material from the Ternera deposit at the Company's El Zorro Gold Project, Chile. The test work program was designed to assess the gravity recovered gold component and cyanide leaching characteristics over a range of grind sizes. The test work program provides a PFS level of assessment for the gravity recovery and leach kinetics of the various mineralised zones at Tenera. Initial metallurgical test work was conducted on a composited sample that represented the various mineralised zones at Tenera. Samples were selected from the various mineralised zones that lie within the Tenera Mineral Resource Estimate as reported on 29 July 2021. A total of 518kg of mineralised rock samples were collected from 53 diamond drill holes from Tenera, representing each of the mineralised and grade zones within the Resource. The initial test work, the results for which are shown above, was conducted on an 8kg composite sample generated from each of the main mineralised units at Tenera. Test work was conducted by ALS Metallurgical Laboratories in Perth, Western Australia. The assayed head grade for the sample was 1.12g/t Au. The following test work, using sea water, was conducted on the sample: Detailed head assay analysis; Gravity recoverable Gold (GRG) Test; Grind size establishment (250 micron, 200 micron, 150 micron and 75 micron); Gravity Cyanide Leach Tests for 250 micron, 200 micron, 150 micron and 75 micron. Gravity and cyanide leaching test work was conducted on the 8kg composite sample at a variety of grind sizes to determine the sensitivity of cyanide leaching characteristics and gravity recoverable gold to grind size. Test work was also conducted to allow the selection of preferred grind sizes to be targeted for future test work and process flow sheet design. The sample was ground to 850 m and then subjected to gravity concentration. The gravity concentrate was subjected to intensive leaching, recombination of the gravity tails and intensive leach residues, followed by grind size establishment (250 micron, 200 micron, 150 micron and 75 micron) followed by the bottle roll leach tests for each grind size. The test work results indicate that mineralised material from Tenera has a very high gravity recoverable portion, rapid cyanide leach kinetics and is only marginally sensitive to grind size. Based on these test work results a grind size of 200 micron has been selected as the basis of future test work programs and process flow sheet design. 200 microns is considered a very coarse grind and indicates the potential for utilisation of a low operational cost milling processes. These results represent the initial stages of the Tenera detailed metallurgical test work program. The remainder of the test work program will focus the metallurgical response of 11 composite samples consisting of the main mineralised zones and grade ranges at Tenera. The test work will provide sufficient metallurgical information to allow a PFS level of assessment to be completed. Ankündigung • Aug 27
Tesoro Resources Limited Announces Latest Assay Results from the Ternera Gold Deposit, Located At the Company's El Zorro Gold Project in Chile Tesoro Resources Limited announced latest assay results from the Ternera Gold Deposit, located at the Company's El Zorro Gold Project in Chile, which add further potential to grow the existing Ternera Mineral Resource of 660,000oz. Tesoro received assays for seven diamond drill holes completed as part of infill and extensional drilling at the Ternera Gold Deposit. All holes intercepted gold mineralisation with wide gold zones intercepted outside of the existing Mineral Resource model. Tesoro drilled holes ZDDH0171 and ZDDH0174 in the southern margin of the Ternera Deposit. Results have defined additional gold zones outside the existing Mineral Resource model in the south of the deposit. The southern margin of Ternera remains open and further drilling is planned to rapidly delineate further resources in this area. Holes ZDDH0175 and ZDDH0177 were drilled on the northern margin of Ternera and have successfully located wide gold zones extending to the north. The Ternera Deposit remains open to the north with these holes significantly enhancing the potential of further extensions to the north. Infill holes ZDDH0172, ZDDH0173 and ZDDH0176 all returned positive drill intercepts through areas outside of the existing Mineral Resource model. All these holes confirm continuity of gold mineralisation within the northsouth fault zones. Hole ZDDH0176 is particularly encouraging as it confirms continuity of a new gold zone west of Ternera, which has now been drilled along approximately 700m of strike and is outside of the existing Mineral Resource model. Infill and extensional drilling at Ternera and extensional drilling at Ternera East and Drone Hill is continuing, with six rigs drilling 24/7. Tesoro is awaiting results from 47 diamond drill holes already completed as part of this program and will report these results as they become available. Tesoro aims to complete an additional 15,000m of drilling in the current phase of drilling, with a Mineral Resource update expected for Ternera during Fourth Quarter CY2021. Ankündigung • Aug 13
Tesoro Resources Limited Announces Assay Results from the Ternera East Gold Target, Located at El Zorro Gold Project in Chile Tesoro Resources Limited announced assay results from the Ternera East Gold Target, located at the Company's El Zorro Gold Project (El Zorro) in Chile. Assays were received for hole ZDDH0166, drilled at the Ternera East Prospect, approximately 400m east of the Company's Ternera Gold Deposit. All significant intercepts from El Zorro to date are presented in Appendix 1 of this announcement. Hole ZDDH0166 intercepted multiple, altered bodies of the El Zorro Tonalite (EZT), the primary gold host lithology at EL Zorro. Where the EZT has been fractured by primary north-south faults, zones of strong alteration and associated gold mineralisation were defined. This is consistent with the mineralisation model that has been defined for EL Zorro and provides geological confidence that where the EZT occurs in conjunction with north-south faulting, gold mineralisation is likely to occur. This new zone of mineralisation at Ternera East has now been confirmed from surface by channel sampling and by two drill holes to depth. This is significant as it verifies that the EZT remains well mineralised outside of the Ternera Gold Deposit, providing significant scope to define additional gold resources at El Zorro. Furthermore, the newly discovered mineralised EZT bodies occur within the hanging wall zone of the main Ternera Deposit providing potential to enhance the mining economics of any future open pit mining operation through a reduced stripping ratio. The Ternera East Target has been prioritised for further drilling with two drill rigs now drilling to further define gold mineralisation in this area. Assay results received for diamond drill hole ZDDH0166 from Ternera East, El Zorro. Significant zone of gold mineralisation confirms potential of Ternera East to host additional gold resources outside of the Ternera Mineral Resource Estimate area. ZDDH0166, 37.00 @ 0.49g/t from 297.00m including: 7.50m @ 1.15g/t Au from 298.50m; and 1.00m @ 3.68g/t Au from 305.00m; and 3.50m @ 1.54g/t Au from 329.00m. Mineralised intercept confirms that previously identified outcropping intrusive bodies 400 metres to the east of Ternera, hosts significant gold mineralisation from surface to depth. Holes ZDDH0166 and ZDDH0149 both drilled at Ternera East have returned positive gold intercepts in the hanging wall zone of Ternera. Currently six drill rigs drilling 24/7, four rigs at Ternera targeting Mineral Resource expansion and infill, two rigs drilling at Ternera East. Assays remain outstanding for 48 diamond drill holes. Recent Insider Transactions Derivative • Aug 06
MD & Director exercised options to buy AU$1.9m worth of stock. On the 5th of August, Zeffron Reeves exercised options to buy 16m shares at a strike price of around AU$0.12, costing a total of AU$2.0m. This transaction amounted to 76% of their direct individual holding at the time of the trade. Since September 2020, Zeffron has owned 20.65m shares directly. Company insiders have collectively bought AU$4.5m more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Jul 07
Tesoro Resources Limited Announces Assay Results from the First Hole Drilled At Ternera East Target Located at El Zorro Gold Project in Chile Tesoro Resources Limited announced assay results from the first hole drilled at the Ternera East Target located at the Company's El Zorro Gold Project (El Zorro) in Chile. Assays were received for hole ZDDH0149 which returned gold mineralisation from two zones of the EZT, the favourable gold host rock at El Zorro. Commentary: Hole ZDDH0149 is the first of two holes drilled to test the newly discovered Ternera East Target at El Zorro. Assay results for ZDDH0149 were given priority through the laboratory to allow rapid planning of additional drilling. The second hole ZDDH0166 is awaiting assays. Ternera East was initially identified from geological mapping and Gradient Array Induced Polarisation (GAIP) surveying, which identified multiple outcropping bodies of the EZT, the favourable gold host rock at El Zorro. Systematic rock chip channel sampling of the EZT outcrops identified extensive surface gold mineralisation and the initial two holes were planned to test the subsurface extents of the surface gold zones. Hole ZDDH0149 intercepted multiple small tonalite bodies up to 20m wide with two zones of gold mineralisation returned. An occurrence of visible gold was noted during logging at 252.00m down
hole. This gold mineralisation is significant as it verifies that the EZT remains well mineralised outside of the Ternera Gold Deposit, providing significant scope to define additional gold resources at El Zorro. Furthermore, the newly discovered mineralised EZT bodies occur within the hanging wall zone of the main Ternera Deposit providing potential to enhance the mining economics of any future potential open pit mining operation through a reduced stripping ratio. An additional hole, ZDDH0166 has subsequently been drilled approximately 85m south of hole ZDDH0149 and logging has identified a larger near surface EZT body from 13.60m to 119.50m down hole and multiple deeper EZT bodies from 197.50m to 225.40m and 327.50m to 342.20m. The discovery of these new bodies of mineralised EZT at Ternera East have the potential to add additional gold resources to the Ternera Deposit. Further drilling at Ternera East is being prioritised. Ankündigung • Jun 25
Tesoro Resources Limited Announces Assay Results from Extensional and Infill Resource Definition Drilling At the Ternera Gold Deposit Located At the Company's El Zorro Gold Project in Chile Tesoro Resources Limited announced assay results from extensional and infill resource definition drilling at the Ternera Gold Deposit located at the Company's El Zorro Gold Project in Chile. Assays have been received for ten drillholes at Ternera, with all holes returning significant gold results. Multiple high grade 'bonanza' intercepts were returned further validating the Ternera mineralising model and the control of north-south fault zones (the MF faults) on high grade gold mineralisation at Ternera. Holes ZDDH00128, ZDDH0129, ZDDH0130, ZDDH0131, ZDDH0133 and ZDDH0136 were all drilled in the southern sector of the Ternera Deposit. All holes returned positive results, further extending and confirming gold mineralisation to the south, associated with the MF200, MF350 and MF500 faults. The southern margin of the Ternera Deposit remains open, with continuous, high-grade zones being developed within the MF faults which occur within a broader envelope of lower grade mineralisation. Holes ZDDH0105 and ZDDH0108 were drilled along the eastern margin of the Ternera Deposit and returned modest intercepts. Both holes were drilled toward the north-east and have been interpreted to have intercepted the hanging wall of the main tonalite host rock. Mineralisation reported is associated with the MF500 fault within sedimentary rocks, not the main host tonalite body. Holes ZDDH0132 and ZDDH0135 were drilled on the far north-east margin of the Ternera Deposit, to test for additional extensions to the north-east. Hole ZDDH0135 returned high grade gold results associated with the MF500 fault. ZDDH0132 failed to intercept the main host tonalite body due to the influence of an east-west trending fault displacing the interpreted position of the tonalite. Additional drilling is being planned to test the interpreted position of the displaced tonalite block. Drilling continues 24/7 focusing on infill and extensional drilling at Ternera. An initial two holes have been drilled at Ternera East with assays to be received in the coming weeks. Ankündigung • Jun 12
Tesoro Resources Limited Announces Assay Results from Extensional and Infill Resource Definition Drilling At the Ternera Gold Deposit Located At the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced assay results from extensional and infill resource definition drilling at the Ternera Gold Deposit (Ternera) located at the Company's El Zorro Gold Project (El Zorro) in Chile. Assays have been received for four (4) drillholes at Ternera, with all holes returning significant gold results; refer section below for holes ZDDH0124 and ZDDH0125. Ternera High Grade Gold Zones The Company has significantly advanced modelling of the Ternera Deposit as part of its preparations for the calculation of a Maiden Resource Estimate (MRE) at El Zorro. Modelling has enhanced the understanding of the occurrence of high-grade gold zones within the Ternera Deposit and the importance of north trending fault zones and their associated northwest trending secondary faults. To date four, strike extensive high-grade zones have been delineated at Ternera, each >600m in strike, with mineralisation starting at surface to >300m vertically below surface. Each of these zones varies in true width from 15m to >50m with gold grades typically >2.00g/t Au. These high-grade zones occur within broader zones of lower grade (<1.5g/t Au) gold mineralisation. Holes ZDDH0124 and ZDDH0125 both returned significant high-grade results from the MF350 and MF500 faults respectively. Examples of high-grade fault zone mineralisation, previously announced from the Ternera high grade zones include: ZDDH00017: 55.50m @ 3.63g/t Au from 182.70m (MF350 fault). ZDDH00049: 27.50m @ 3.57g/t Au from 154.00m (MF350 Fault). ZDDH00069: 45.00m @ 4.02g/t Au from 292.00m (MF500 Fault). ZDDH00075: 39.00m @ 2.73g/t Au from 270.00m (MF500 Fault). ZDDH00084: 20.70m @ 3.81g/t Au from 124.00m (MF500 Fault). Extensional Drilling Holes ZDDH0126 and ZDDH0127 were drilled to further test the extent of the Ternera Deposit. Both encountered gold mineralisation near surface to >400m downhole. The mineralised system at Ternera is now >1km in strike length, >500m wide and has been drilled to >400m below surface and remains open in all directions. Ankündigung • May 25
Tesoro Resources Limited Announces Assay Results from Extensional and Resource Definition Drilling from the Ternera Gold Deposit (Ternera) At the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced assay results from extensional and resource definition drilling from the Ternera Gold Deposit (Ternera) at the
Company's El Zorro Gold Project (El Zorro) in Chile. Assays have been received for eleven (11) drillholes at Ternera, six (6) extensional holes targeting
the eastern margin of the deposit and five (5) infill/resource definition holes. Holes ZDDH0112, ZDDH0114, ZDDH0118, ZDDH0120, ZDDH 0122 and ZDDH0123 were all drilled to further test and extend the eastern margin of the Ternera Deposit. Hole ZDDH0115 in particular, is significant as it has extended the Ternera mineralised zone approximately 150m east and 100m south with gold mineralisation associated with a controlling north-south fault. Hole ZDDH0118 did not return any significant gold mineralisation confirming that the Ternera Deposit host lithology is not present in this area. Current interpretation and recent drilling suggest the main mineralised zone continues in a north-east direction. All other holes returned positive results with strongest zones of gold mineralisation associated with north-south faults intersecting the main host rock, the El Zorro Tonalite. It is interpreted that gold mineralisation will continue at least a further 200m-300m east where surface mineralisation has been identified at the Ternera East target. Holes ZDDH0115, ZDDH0116, ZDDH0117, ZDDH0119 and ZDDH0121 were drilled as resource definition/infill holes and continue to build upon the up and down dip continuity of gold
mineralisation throughout the deposit. Results confirm continuity of gold grade and continue to add new data to the advancing Maiden Resource Estimate. Ankündigung • Mar 05
Tesoro Resources Limited Announces First Assay Results from the Toro Gordo Prospect and Additional Assay Results for Holes from the Ternera Deposit At the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced the first assay results from the Toro Gordo prospect and additional assay results for holes from the Ternera deposit at the Company's El Zorro Gold Project (El Zorro) in Chile. Holes ZDDH00082, ZDDH00086 ZDDH00088 and ZDDH00091 are the first holes drilled into the Toro Gordo prospect with all returning positive gold assay results including exceptional grades of up to 69.70g/t Au from an extensive high-grade gold bearing vein system, previously identified from surface mapping and sampling. Holes ZDDH00087, ZDDH00089 and ZDDH00090 were all drilled at the Ternera deposit as part of the ongoing extensional and infill drilling program currently underway to define gold resources at Ternera. Holes ZDDH00082, ZDDH00086, ZDDH00088 and ZDDH00091 were all drilled into the recently delineated Toro Gordo prospect (refer ASX announcements 13 May 2020 and 10 December 2020) where gold mineralization has been identified within an extensive quartz vein system. Exceptional grades of up to 69.40g/t Au were returned from different fault related quartz veins. Mineralization appears to be better developed adjacent to the contact between the Toro Gordo Granodiorite and the El Zorro Tonalite, which hosts a majority of gold mineralization at the Ternera deposit. Further assessment of the Toro Gordo prospect is required by additional drilling and surface mapping and sampling. Hole ZDDH00087, ZDDH00089 and ZDDH00090 were all drilled as infill holes along the north east extension of the Ternera deposit confirming continuity of this mineralized zone. Hole ZDDH00089 drilled through a fault block of sedimentary rocks with minor mineralization associated with a north- south master fault. Drilling continues at Ternera with 4 drill rigs operating 24/7. The Company has now completed 113 diamond drill holes at El Zorro for 34,380m. Assays remain outstanding for 22 holes with drilling focussed on delineating the continually expanding Ternera deposit. Ankündigung • Feb 19
Tesoro Resources Limited Announces Assay Results for Holes ZDDH00079, ZDDH00080, ZDDH00081, ZDDH00083, ZDDH00084, and ZDDH00085, Recently Completed at the Ternera Deposit Tesoro Resources Limited (Tesoro or the Company) announced assay results for holes ZDDH00079, ZDDH00080, ZDDH00081, ZDDH00083, ZDDH00084, and ZDDH00085, recently completed at the Ternera deposit at the Company's El Zorro Gold Project (El Zorro) in Chile. All holes intercepted zones of significant gold mineralisation and materially increased the drilled mineralised footprint at Ternera. Results add significant scope for the Ternera deposit to continue to expand and grow into a significant gold deposit in Chile. Hole ZDDH00080 was a significant step out hole, targeting a north-south master fault associated with gold mineralisation from the rapidly expanding east extensions at Ternera. Results from this hole are highly encouraging as a strong zone of gold mineralisation was returned from within the fault zone. Mineralisation occurs in sedimentary rocks and only minor El Zor o Tonalite (EZT), the predominant gold host at Ternera, was intercepted. This indicates the potential for the fault zones to host additional gold mineralisation within multiple rock types at Ternera. Additional extensional holes and infil towards the north and south of hole ZDDH00080 are planned, to further delineate this area, mineralisation remains open to the south. Hole ZDDH00084 was dril ed to test continuity of the newly defined north east extensions at Ternera. The hole returned the fourteenth 100g/m intercept and confirms the continuity, width and grade of this emerging zone. Mineralisation is control ed by proximity to a north-south master fault, with potential for this zone to expand further to the east north east, as well as south between and beyond hole ZDDH00080. Hole ZDDH00079 was dril ed to test a potential mineralised zone between two north-south master faults. The hole intercepted predominantly sedimentary rocks in a displaced fault block with narrow mineralised intercepts associated with the CC475 and CC500 faults within the sedimentary rocks. Holes ZDDH00081, ZDDH00083 and ZDDH00085 were all infil - resource definition holes. All returned multiple zones of gold mineralisation as ociated with CC faults within the EZT. All holes had multiple high-grade intercepts of up to 10.95g/t Au, which is further delineating continuous high-grade gold zones within a broader low-grade halo. Is New 90 Day High Low • Feb 11
New 90-day low: AU$0.23 The company is down 36% from its price of AU$0.36 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Ankündigung • Jan 29
Tesoro Resources Limited Announces Drilling Continues to Extend Ternera Deposit Tesoro Resources Limited announced that the drilling continues to extend the Tenera deposit 59.00m at 1.72g/t Au from 5.00m including 32.40m at 3.05g/t Au and 6.00m at 15.18g/t Au from 5.00m. Assays received for 8 holes ZDDH00062, ZDDH00065, ZDDH00067, ZDDH00068, ZDDH00072, ZDDH00076, ZDDH00077 and ZDDH00078. Significant intercepts include: ZDDH00062: 62.00m at 0.46g/t Au from 8.00m including: 13.50m at 1.12g/t Au from 8.00m; 44.00m at 0.53g/t Au from 129.00m including: 9.80m at 1.40g/t Au from 162.20m; and 24.00m at 0.66g/t Au from 256.00m including: 5.00m at 2.29g/t Au. ZDDH00065: 12.00m at 1.72g/t Au from 155.00m. ZDDH00067: 59.00m at 1.72g/t Au from 5.00m including: 32.40m at 3.05g/t Au from 5.00m; and 6.00m at 15.18 g/t Au. ZDDH00072: 40.00m at 0.69g/t Au from 356.00m including: 1.80m at 5.50g/t Au;and 1.00m at 8.39g/t Au. Hole ZDDH00067 is the thirteenth hole returning over 100gm's and confirms continuity of surface mineralisation. Several holes returned wide zones of near surface gold mineralisation confirming the continuity of gold mineralisation from surface to over 400m depth. Ankündigung • Jan 12
Tesoro Resources Limited Announces Assay Results for Holes ZDDH00070, ZDDH00071, ZDDH00073, ZDDH00074 and ZDDH00075, Recently Completed at the Ternera Prospect at the El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced assay results for holes ZDDH00070, ZDDH00071, ZDDH00073, ZDDH00074 and ZDDH00075, recently completed at the Ternera prospect at the Company's El Zorro Gold Project (El Zorro) in Chile. All holes returned positive gold intercepts with hole ZDDH00075 confirming the continuity and scale of a new gold zone and extensions to the north east of Ternera between previously reported holes ZDDH00057 and ZDDH00069. Holes ZDDH00071 and ZDDH00074 intercepted strong zones of previously unknown gold mineralisation on the southern margins of the deposit. The Company has recommenced drilling at Ternera with an initial four diamond drill rigs operating 24 hour per day to complete an initial 30,000m drill program to continue to define and expand the Ternera deposit at El Zorro. The Company has also commenced data collection for initial scoping study inputs and will run scoping study work in parallel with drilling programs at El Zorro. In the coming months, the Company will also commence detailed metallurgical, geotechnical, hydrological and infrastructure studies to advance the El Zorro Gold Project as quickly as possible. Is New 90 Day High Low • Dec 18
New 90-day low: AU$0.24 The company is down 17% from its price of AU$0.29 on 18 September 2020. The Australian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Ankündigung • Dec 17
Tesoro Resources Limited Announces Assay Results for Seven Diamond Drill Holes Completed At Ternera and Additional Sampling Results for Hole ZDDH00029 on the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced assay results for seven diamond drill holes completed at Ternera, and additional sampling results for hole ZDDH00029 on the Company's El Zorro Gold Project (El Zorro) in Chile. All holes returned positive results for gold mineralisation, further expanding the drilled mineralised zone at Ternera. Ternera is the first of six targets identified at El Zorro to be drilled. As previously reported (ASX Announcement - 26 August 2020) hole ZDDH00029 returned a wide mineralised intercept associated with the CC475, CC450 and CC425 faults and adjacent sheeted veining. The hole was reviewed and additional sampling was undertaken, which has extended mineralisation associated with the CC425 and increased the entire intercept by 37.00m to 213.50m @ 0.73g/t Au from 29.50m. ZDDH00058 returned a low-grade intercept of 13.00m @ 0.47m from 237.00m, within sediment and associated with quartz veins and the CC500 fault. ZDDH00059 returned a broad intercept with multiple higher-grade zones associated with the CC400, CC375 and CC350 faults and demonstrated the continuity of mineralisation to the south of Ternera. ZDDH00060 returned a narrow low-grade intercept of 12.00m @ 0.44g/t Au associated with tonalitic dykes. This hole was drilled approximately mid-way between two of the major controlling north- south faults. ZDDH00061 returned two narrow intercepts associated with the CC450 and CC425 faults within sediments. The hole is interpreted to have drilled within a large fault block of barren sediment. ZDDH00063 returned a broad zone of mineralisation extending the Ternera mineralised zone approximately 150m to the north east. Mineralisation is associated CC700 to CC750 faults and the north-south controlling `Three Brothers Fault". Higher grades associated with quartz veins and sheeted veins within El Zorro tonalite with strongest mineralisation within the Three Brothers fault zone. The hole adds an additional open area of mineralisation to the north east. ZDDH00064 returned several narrower, lower grade intercepts associated with the CC300 and CC275 faults. The hole was drilled as infill, mid-way between two north-south faults.ZDDH00066 returned a broad intercept within the El Zorro Tonalite and associated with the north- south trending Three Brothers fault and where the CC400, CC450 and CC500 faults join it. Higher grade zones associated with quartz veining within the CC fault zones. As additional results are received it has become evident that the major north-south faults are key controls on mineralisation with stronger zones of mineralisation close to and within these faults where they interact with the east-west CC fault system. Best results to date from the Ternera drilling are closely associated with the north-south fault with high grade locally occurring within the branching east-west CC faults. Ankündigung • Dec 10
Tesoro Resources Limited announced that it expects to receive AUD 18 million in funding from Tribeca Investment Partners Pty Ltd. and other investors Tesoro Resources Limited (ASX:TSO) announced a private placement of 66,666,667 shares at an issue price of AUD 0.27 per share for gross [proceeds of AUD 18,000,000.09 on December 9, 2020. The transaction will include participation from Tribeca Investment Partners Pty Ltd. for AUD 5,000,000 and together with existing shareholders for AUD 13,100,000. The company will also issue 925,926 shares to Tribeca Investment Partners Pty Ltd. as capital raising fees. The transaction is expected to close on December 15, 2020. Ankündigung • Nov 18
Tesoro Resources Limited Announces Assay Results for Six Diamond Drill Holes Completed At Ternera on the Company's El Zorro Gold Project (El Zorro) in Chile Tesoro Resources Limited announced assay results for six diamond drill holes completed at Ternera on the Company's El Zorro Gold Project (El Zorro) in Chile, all of which returned positive results, intersecting multiple gold bearing zones. Ternera is the first of five targets identified at El Zorro to be drilled. Hole ZDDH00041 returned shallow mineralisation from the CC200 fault zone. High grade intercepts of 0.50m @ 29.90g/t Au from 127.50m and 5.00m @ 5.91g/t Au from 140.00m were returned from the CC175 and a linking fault between the CC175 and CC200. This hole has further defined an emerging high grade gold zone associated with the CC150 and CC200 faults. Hole ZDDH00043 was an infill drill hole and intercepted mineralisation associated with CC350 and CC400 fault zones, and adjacent sheeted veining associated with these faults. Hole ZDDH00044 was drilled to test a deep Induced Polarisation anomaly on the western edge of the projected northern extension of the Ternera mineralised zone. The hole returned a narrow intercept associated with quartz veining within pelitic sediments. Results from this hole indicate that the Ternera mineralisation remains open to the north and northwest. Hole ZDDH00047 was drilled to test the south east extensions of the Ternera mineralisation. The hole returned a broad, shallow intercept associated with CC300 and CC350 fault zones. A well-defined high-grade zone was intercepted within the CC300 fault zone of 2.00m @ 11.00g/t Au and correlates well with mineralisation previously reported (ASX announcement 23 October 2020) from ZDDH00038 approximately 70m to the north along the fault. Ankündigung • Oct 11
Tesoro Resources Limited Announces Assay Results for Four Diamond Drill Holes At El Zorro Gold Project in Chile Tesoro Resources Limited (Tesoro or the Company) announced assay results for four diamond drill holes at the Company's El Zorro Gold project in Chile, all of which returned positive results, intersecting multiple gold bearing zones. All four holes are infill resource definition holes and add additional gold zones to the emerging Ternera deposit. All four holes in this report were designed as infill holes to delineate mineralisation throughout the Ternera deposit and provide additional information for modelling and resource estimation. ZDDHZDDH00033 Mineralised intercepts from 40.00m to 104.00m returned from the CC450 and CC425 fault zones and associated sheeted vein complexes within the host El Zorro Tonalite (EZT). Narrow intercept at 134.70m and 143.00m associated with CC400 fault zone within sedimentary rocks. ZDDH00034 Mineralised intercepts from 17.00m to 106.00m returned from CC350 and CC325 fault zones and associated sheeted vein complexes within the EZT. Mineralised intercepts from 172.00m to 203.00m associated with the CC300 fault zone within sedimentary rocks. ZDDH00035 - Mineralised intercept from 67.00m to 110.34m returned from the CC500 and CC475 faults and associated sheeted vein complexes within the EZT. Mineralisation from 144.00m to 278.00m is associated with the CC450 fault zone and splay faults within sedimentary rocks. ZDDH00036 Mineralised intercepts from 74.00m to 125.00m associated with the CC400 and CC375 faults and adjacent sheeted vein complexes within the EZT. The Company continues to drill at Ternera, with two diamond drill rigs operating 24 hours per day. Minor delays have occurred with assay turnaround due to logistical issues associated with COVID19 transport restrictions. Currently samples from El Zorro are prepared in Santiago and the pulps then shipped to a laboratory in Lima, Peru for gold analysis. Delays have been experienced with the international transport of samples. Tesoro has been working closely with the laboratory and has been informed that the gold assay capability will be available in Santiago from late October 2020. Additional holes have been planned to test the newly identified northern and southern extensions, as well as ongoing infill drilling for resource definition. The current drill program has been expanded to a minimum of 10,000m. The expanded program includes additional extensional and infill holes, due to the expanding mineralised footprint at Ternera. Assay results will be announced as they come to hand. Is New 90 Day High Low • Sep 25
New 90-day high: AU$0.33 The company is up 378% from its price of AU$0.069 on 26 June 2020. The Australian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Ankündigung • Sep 24
Tesoro Resources Limited Announces Applications for an Additional 188 Concessions Adjoining the El Zorro Gold Project, Chile Tesoro Resources Limited announced that applications for an additional 188 concessions adjoining the El Zorro Gold Project, Chile, were successful. The granting of the new concession areas has increased the El Zorro concession package to cover approximately 540km2 of prospective geology. The El Zorro Project concession area now covers approximately 540km2 of prospective strike from north to south and importantly, covers prospective structural zones identified during a regional review of the belt. These structural zones are believed to be associated with gold mineralisation. Ankündigung • Sep 17
Tesoro Resources Limited Announces Step Out Drilling Targeting the Geophysical IP Anomaly to the North and South of the Ternera Mineralised Zone At El Zorro Gold Project in Chile Tesoro Resources Limited announced that step out drilling targeting the geophysical IP anomaly to the north and south of the Ternera mineralised zone at the Company's El Zorro Gold project in Chile has successfully intersected significant gold mineralisation. These intercepts further expand the mineralised footprint at Ternera and remain open in all directions. Hole ZDDH00051 has intercepted a zone of 117m downhole width of strongly altered El Zorro Tonalite (EZT) with prolific sheeted veins containing pyrite, arsenopyrite, pyrrhotite and visible gold. This hole extends the high-grade gold zone approximately 120m to the south. Visible gold has been observed sporadically over an interval of 61m from 256.00m to 317.00m down hole. Hole ZDDH00042 samples were fast tracked through the laboratory to allow planning of additional drilling if positive results were returned. The hole has returned a positive mineralised intercept of 15.00m at 0.68g/t Au from 115.00m including 1.00m at 5.64g/t Au from 126.00m. The hole has intersected a wide zone of visually mineralised EZT from 233.00m to 350.00m downhole. The mineralisation is characterised by strong zones of veining with veins containing pyrite, arsenopyrite, pyrrhotite, quartz and gold. In the interval from 256.00m to 317.45m, multiple occurrences of fine visible gold were observed throughout the interval, associated with sulphide bearing veins and veinlets. ZDDH00042 was designed to test the northern extension of the Ternera gold system identified from the recently completed IP survey. The hole was collared approximately 125m north of previously reported ZDDH00023. The hole returned positive gold results of 15.00m at 0.68g/t Au from 115.00m including 1.00m at 5.64g/t Au from 126.00m from within altered EZT containing sheeted veins and sulphides. This hole has successfully extended the Ternera gold footprint to the north and mineralisation remains open. The Company continues to drill at Ternera, with two diamond drill rigs operating 24 hours per day. Additional holes are being planned to test the newly identified northern and southern extensions. The current drill program has been expanded to a minimum of 10,000m, to include extensional and additional infill holes as the defined mineralised footprint at Ternera continues to expand. Assay results will be announced as they come to hand. Ankündigung • Jul 08
Tesoro Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.984111 million. Tesoro Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.984111 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,735,182
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0012
Transaction Features: Rights Offering; Subsequent Direct Listing 
