Tesoro Resources Limited (ASX:TSO, OTCQB:TSORF) has strategically increased its concession holdings at the El Zorro Gold Project in Chile by approximately 22 sq. km.
Tesoro Mining Chile Ltd’s 85% owned El Zorro SCM has purchased a group of contiguous concessions adjoining the existing El Zorro concessions which cover the northern extensions of the highly prospective El Zorro Tonalite.
Managing Director, Zeff Reeves, said the El Zorro Tonalite is the main gold host rock at El Zorro.
El Zorro SCM has acquired 100% of the new concessions for a total consideration of CLP56 million (approximately A$96,000).
“The acquisition of these concessions further enhances our district footprint with our geological team having identified occurrences of the main gold host rock, the El Zorro Tonalite, within these concessions,” Mr Reeves said.
“We continue to be impressed by the district scale potential of the El Zorro Gold System and this acquisition complements our land package.”
Tesoro’s exploration team is currently undertaking detailed surface mapping and sampling programmes across the Company’s concession holdings to identify new targets for drilling in the coming months.
For further information please visit: https://www.tesororesources.com.au/
