Quarterly Activities Report
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ASX ANNOUNCEMENT
26 JULY 2023
ASX: TSO OTCQB: TSORF
QUARTERLY ACTIVITIES AND CASHFLOW REPORT
FOR THE PERIOD ENDED 30 JUNE 2023
Tesoro Gold Limited (ASX: TSO, OTCQB: TSORF) (Tesoro or the Company) is pleased to report
on its activities for the quarter ended 30 June 2023 (the Quarter).
HIGHLIGHTS
•
El Zorro Gold Project Phase 1 Scoping Study outcomes confirmed a technically and
financially robust initial stand-alone open pit mining and processing operation1.
•
Assays returned from the January 2023 drilling program confirmed further extensional
mineralisation at Ternera.
•
Results indicated shallow, high-grade gold mineralisation extending along the Dorado
Fault Zone (DFZ) and open to the south and extended west of Ternera.
•
Mapping and channel sampling results returned from Kitsune and Calderillas confirmed
a mineralised fault corridor stretching north from Ternera.
•
Results indicated a vast >10km continuous mineralised system extending south of
Ternera at Buzzard, north to Kitsune and continuing towards Calderillas.
•
Drilling commenced at the Kitsune target, approximately 2.5km north of the Ternera
Deposit targeting a large surface gold anomaly.
•
Tesoro’s underlying ownership in the El Zorro Project increased to approximately 89.1%
via recognition of historical aggregate capital contribution of approximately
A$22.4 million since March 2021.
•
Cash balance of A$2.82 million and zero debt at 30 June 2023.
Tesoro Gold Managing Director, Zeff Reeves commented:
“Extremely promising El Zorro Project results were received through the Quarter from recent
drilling, mapping and sampling activities which strongly indicate the presence of a vast,
near-continuous, outcropping gold system over more than 10km which appears continuous
to the north and south.
“We are also particularly excited to have commenced the maiden drilling program at
Kitsune, testing a large 3.2km by 1.5km anomalous gold zone. Kitsune and other regional
targets possess strong potential to be large high-grade extensions of the existing Ternera
Resource and offer exceptional exploration and resource growth potential.”
1. Refer to Tesoro ASX releases dated 4 April 2023. Tesoro is not aware of any new information or data that materially affects the information
included in these ASX releases, and the Company confirms that, to the best of its knowledge, all material assumptions and technical
parameters underpinning the estimates in these releases continue to apply and have not materially changed.
ASX ANNOUNCEMENT 26 JULY 2023
EL ZORRO GOLD PROJECT, CHILE
Completion of Phase 1 Scoping Study
On 4 April 2023, the Company presented the outcomes of a Phase 1 Scoping Study,
demonstrating the potential development of an initial, gold mining and processing
operation at the Ternera Gold Deposit within the El Zorro Gold Project in Chile. The Scoping
Study was assessed on a 100% basis (Tesoro 85%) which confirmed that an initial starter open
pit at the El Zorro Gold Project presents a technically and commercially viable development
opportunity.
For the full details on the Phase 1 Scoping Study, refer to the ASX Announcement dated
4 April 2023.
Further extensional mineralisation intercepted at Ternera
On 11 May 2023, Tesoro announced it had received initial assay results from 10 of the 17 drill
holes completed in the January 2023 drilling program. These initial assay results confirmed
the location of the mineralised DFZ and associated gold-bearing structures.
The DFZ is a 20m to 100m wide zone of faulting and associated brecciation, quartz veining
and alteration that has been mapped over 10km from south to north (refer Figure 2).
Best results include:
•
7.80m @ 2.78g/t Au from 16m (ZDDH0317), including;
−
5.00m @ 3.76g/t Au from 18m.
•
1.36m @ 9.00g/t Au from 54m (ZDDH0317).
•
4.60m @ 3.35g/t Au from 14m (ZDDH0319A), including;
−
•
2.50m @ 5.48g/t Au from 14m.
11.10m @ 0.86g/t Au from 104m (ZDDH0320), including;
−
2.00m @ 3.00g/t Au from 113m.
•
1.00m @ 44.00g/t Au from 215m (ZDDH0320).
•
7.00m @ 2.04g/t Au from 306m (ZDDH0320), including;
−
1.00m @ 7.43g/t Au from 306m.
Assays returned from hole ZDDH0313 approximately 300m to the north of the Ternera MRE
included 1.40m @ 3.39g/t Au from 146m.
Several holes failed to intercept the DFZ and returned no significant intercepts. The main
host rock for gold at Ternera is the intrusive El Zorro Tonalite (EZT), however significant results
from holes ZDDH0313, ZDDH0317, ZDDH0319A and ZDDH0320 reported within the DFZ, are
hosted within sedimentary rocks, indicating the potential for extension of the Ternera Gold
Deposit across all rock types.
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
Southern Ternera extension
Tesoro received the final seven assay results from the January 2023 drilling program on
21 June 2023. Best results included:
•
0.40m @ 8.81g/t Au from 156.60m (ZDDH0322).
•
1.10m @ 1.28g/t Au from 24.30m (ZDDH0323), and;
•
•
−
9.30m @ 0.98g/t Au from 42.20m, including;
−
2.50m @ 1.93g/t Au from 42.20m; and
−
1.85m @ 2.05g/t Au from 48.80m.
13.73m @ 0.76g/t Au from 53.90m (ZDDH0324A), including;
−
1.50m @ 1.77g/t Au from 54.50m;
−
1.30m @ 4.07g/t Au from 65.00m; and
−
0.50m @ 3.18g/t Au from 112.00m.
4.50m @ 1.32g/t Au from 215m (ZDDH0325).
Continuous shallow gold mineralisation also extended to the west of the Ternera Gold
Deposit, providing further target zones for resource growth drilling:
•
3.00m @ 2.70g/t Au from 16m (ZDDH0321), including;
−
1.00m @ 7.63g/t Au from 9m.
Holes ZDDH0322 to ZDDH0325 all targeted the southern extension of the DFZ and confirmed
the continuity of gold mineralisation within the DFZ up to 420m south of the existing Ternera
1.3Moz MRE boundary (refer ASX announcement 9 March 2023).
Hole ZDDH0321 was drilled targeting the southern extension of a high-grade shallow gold
zone in the west of the Deposit. The hole returned a positive result, confirming the location
and continuity of gold mineralisation over 400m and sitting outside the existing MRE.
Vast continuous gold anomalism confirmed at El Zorro
On 24 May 2023, the Company announced new assay results were received for 261 samples
collected from detailed channel sampling and mapping programs at the Kitsune and
Calderillas targets. The field mapping and sampling programs were intended to build upon
promising results from previously conducted sampling programs and to define additional
Ternera look-alike targets.
The new results have confirmed a >10km anomalous gold zone stretching from the Buzzard
target south of Ternera, through Ternera, Kitsune and Calderillas in the north.
The channel sample assays returned from individual intrusive dykes at Kitsune exhibit
continuous gold anomalism along 930m of strike, with significant results including:
•
18.00m @ 1.59g/t Au (EZTR003853), including;
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
−
•
66.00m @ 0.32g/t Au (EZTR003842), including;
−
•
6.00m @ 4.14g/t Au.
9.00m @ 1.22g/t Au.
3.00m @ 6.25g/t Au (EZTR003850).
The channel sampling at Calderillas returned very high-gold grades, including:
•
2.00m @ 15.90g/t Au (EZTR003752); and
•
2.00m @ 3.01g/t Au (EZTR003753).
Gold mineralisation is strongly controlled by the location of the DFZ, particularly where it
crosses the favourable EZT intrusive rocks. At Kitsune, a >500m wide prospective corridor has
been defined, characterised by brittle deformation and strong alteration with surface gold
anomalism.
Numerous secondary structures branching off the DFZ, also host gold mineralisation with
new results of up to 15.90g/t Au being reported at the Calderillas Target, approximately
7.5km north of Ternera. Additional work is planned to further delineate future drill targets at
Calderillas.
Samples were collected 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 controls of gold mineralisation throughout the sampled
areas.
Drilling commenced at the Kitsune and Toro Blanco targets
During the Quarter, Tesoro commenced drilling at the Kitsune Target, located
approximately 2.5km north of the Ternera MRE. The Kitsune Target is approximately 2.2km
wide, with continuous sampling along individual EZT dykes demonstrating continuous gold
anomalism of up to 930m of strike.
The drilling program is designed to target the large surface gold anomaly where the DFZ
crosses the favourable EZT lithologies. To date, the drilling of two holes of a planned six-hole
program has been completed.
One hole has also been completed at the Toro Blanco Target, located approximately 1km
north of Ternera with assays pending.
Increased ownership interest in El Zorro
Post Quarter end, Tesoro announced that its 95%-owned Chilean subsidiary Tesoro Mining
Chile SpA (TMC), had increased its ownership stake in El Zorro to approximately 93.8%.
At a Shareholder Meeting held on 7 June 2023, El Zorro S.C.M resolved to increase the
capital base via contribution on a pro-rated basis. TMC subscribed its pro-rata shares for
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
CLP12,120,334,847 (Chilean pesos), an amount approximately equivalent to A$22.4 million.
This sum reflects the funding of exploration and development activities at El Zorro since
March 2021.
Wanaco SpA (Wanaco), the minority shareholder in El Zorro S.C.M. declined to participate
in the capital increase, resulting in TMC increasing its ownership in El Zorro S.C.M. to
approximately 93.8%.
Update on Wanaco dispute
Tesoro provided an update regarding a notice of dispute initiated by Wanaco and lodged
with the 7th Civil Court de Santiago de Chile on August 2021 (ASX Announcement dated 26
August 2021). Wanaco is disputing the valuation and procedure followed for the capital
increase approved in the Shareholders Meeting of El Zorro S.C.M. held on 11 February 2021.
Tesoro maintains its position (as stated in its ASX Announcement dated 26 August 2021) that
all capital increases were properly valued and duly approved under Chilean Corporate
Regulations and that Wanaco’s claim is spurious.
CORPORATE
Expenditure and payments to related parties
During the Quarter, the Company spent approximately A$2.04 million on exploration
activities as summarised above, which comprised primarily of diamond drilling programs
and surface mapping and sampling programs.
As outlined in the Appendix 5B for the Quarter ending 30 June 2023 (Sections 6.1 and 6.2),
approximately A$192,232 in payments were made to related parties and/or their associates
as remuneration (inc. superannuation) for the Managing Director, Non-Executive Director
fees and Consulting fees.
Cash
Tesoro’s cash balance at 30 June 2023 was A$2.82 million and the Company had zero debt
(excluding typical trade creditors).
Authorised by the Board of Tesoro Gold Ltd.
For more information:
Company:
Zeff Reeves, Managing Director
Tesoro Gold Limited
info@tesorogold.com.au
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
Figure 1 – Ternera Gold Deposit Drilling Plan on geology and results reported during the June 2023 quarter (ASX
Announcement 21 June 2023). The map also shows the approximate position of the Dorado Fault Zone and
associated open mineralised zone to the south of Ternera. Datum PSAD56 19S
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
Figure 3 – El Zorro Gold Project surface sampling results for the Ternera to Calderillas mineralised trend. Diamond
symbols show the results locations for this report. Circle symbols denote previously announced results.
TESOROGOLD.COM.AU
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ASX ANNOUNCEMENT 26 JULY 2023
Table 1 - Constrained Ternera MRE.
Au g/t
Area
Open Pit
Resource
Underground
Resource
Total Resources
cut off
Indicated
Inferred
Total
Mt
Au g/t
Koz
Mt
Au g/t
Koz
Mt
Au g/t
Koz
0.30
22.5
1.10
795
10.0
1.18
379
32.5
1.13
1,175
1.50
0.1
2.64
7
1.2
2.64
100
1.3
2.64
107
22.6
1.11
802
11.2
1.34
479
33.7
1.18
1,282
The updated MRE has been constrained to a US$1,800/oz optimised pit shell, with the underground resource
reported at a 1.50 g/t Au cut-off. The underground resource is reported at a cut-off where gold mineralisation is
consistently well-developed below the optimised pit shell.
Table 2: Significant intercepts table for results reported 24 May 2023.
Hole_ID
ZDDH0312
ZDDH0313
ZDDH0313
ZDDH0313
ZDDH0313
ZDDH0314
ZDDH0315
ZDDH0316
: ZDDH0317
ZDDH0317
ZDDH0317
ZDDH0317
ZDDH0318
ZDDH0319
ZDDH0319
ZDDH0319
From (m) To (m) Interval Au (g/t) Comments
0.00
NSI
112.00
113.00 1.00
0.33
146.00
147.40 1.40
3.39
169.00
170.00 1.00
0.29
179.00
180.00 1.00
0.34
0.00
NSI
0.00
NSI
0.00
NSI
16.20
24.00 7.80
2.78
18.00
23.00 5.00
3.76
53.00
55.80 2.80
4.76
54.00
55.36 1.36
9.00
0.00
NSI
11.00
12.00 1.00
0.40
14.80
15.60 0.80
0.70
19.00
20.00 1.00
0.56
Hole_ID
From (m) To (m) Interval Au (g/t) Comments
ZDDH0319A 14.00
18.60 4.60
3.35
ZDDH0319A 14.50
17.00 2.50
5.48
including
ZDDH0319A 42.00
43.00 1.00
2.55
ZDDH0319A 81.00
82.00 1.00
0.46
ZDDH0319A 140.51
141.16 0.65
0.49
ZDDH0320 103.90
115.00 11.10
0.86
ZDDH0320 103.90
105.00 1.10
2.44
including
ZDDH0320 113.00
115.00 2.00
3.00
including
ZDDH0320 190.00
191.00 1.00
0.72
ZDDH0320 193.70
194.00 0.30
1.32
ZDDH0320 215.00
216.00 1.00
44.40
ZDDH0320 297.00
332.00 35.00
0.66
ZDDH0320 298.00
313.00 15.00
1.20
including
ZDDH0320 306.00
313.00 7.00
2.04
including
ZDDH0320 306.00
307.00 1.00
7.43
including
ZDDH0320 318.50
319.25 0.75
1.62
including
ZDDH0320 331.00
332.00 1.00
1.46
including
Table 3: Significant intercepts table for results reported 21 June 2023. Results are uncut, no top cut has been
applied. Refer Appendix 1 - JORC Tables for data aggregation criteria. Significant intercept is any intercept
with grade x width >0.30.
Hole_ID
From (m) To (m) Interval Au (g/t) Comments
ZDDH0321 8.00
11.00 3.00
2.70
ZDDH0321 9.00
10.00 1.00
7.63
including
ZDDH0321 28.00
39.00 11.00
0.32
ZDDH0321 32.71
33.47 0.76
1.38
including
ZDDH0322 156.60
157.00 0.40
8.81
ZDDH0322 168.00
169.00 1.00
0.99
ZDDH0322 173.00
173.90 0.90
0.72
ZDDH0322 182.60
183.00 0.40
0.51
ZDDH0323 24.30
25.40 1.10
1.28
ZDDH0323 42.20
51.50 9.30
0.98
ZDDH0323 42.20
44.70 2.50
1.93
including
ZDDH0323 48.80
50.65 1.85
2.05
including
ZDDH0323 90.00
91.00 1.00
0.63
ZDDH0323 121.00
122.00 1.00
2.34
ZDDH0323 128.00
129.00 1.00
0.71
TESOROGOLD.COM.AU
Hole_ID
From (m) To (m) Interval Au (g/t) Comments
NSI (Abandoned)
ZDDH0324
0.00
ZDDH0324A 53.90
67.63 13.73
0.76
ZDDH0324A 54.50
56.00 1.50
1.77
including
ZDDH0324A 65.00
66.30 1.30
4.07
including
ZDDH0324A 92.00
93.00 1.00
0.79
ZDDH0324A 112.00
112.50 0.50
3.18
ZDDH0325 95.50
97.00 1.50
0.43
ZDDH0325 110.00
114.50 4.50
1.32
ZDDH0325 110.00
112.80 2.80
1.98
including
ZDDH0325 213.00
214.00 1.00
0.54
ZDDH0326 47.00
49.47 2.47
0.44
ZDDH0326 122.00
123.00 1.00
0.87
ZDDH0326 135.00
136.00 1.00
0.46
ZDDH0326 173.00
174.00 1.00
2.59
ZDDH0326 200.25
201.75 1.50
1.29
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ASX ANNOUNCEMENT 26 JULY 2023
Table 4: El Zorro Drill Hole location details for holes reported in this announcement. Datum PSAD56 19S.
Hole Location
Elevatio
Northing Easting
n
Hole Orientation
ZDDH00312
341912
7035497 511
-60
240
336.70
ZDDH00313
341795
7036832 660
-60
350
263.13
ZDDH00314
341909
7035560 519
-60
240
200.00
ZDDH00315
341901
7035626 529
-60
240
250.10
ZDDH00316
341883
7035693 520
-60
240
213.60
ZDDH00317
341850
7035674 518
-60
240
100.07
ZDDH00318
341857
7035605 516
-60
240
100.00
ZDDH00319
341797
7035903 586
-60
240
47.40
ZDDH00319A 341799
7035907 589
-60
240
331.90
ZDDH00320
341850
7036000 631
-60
240
354.05
ZDDH00321
341561
7035926 575
-60
240
200.00
ZDDH00322
341884
7035899 603
-60
240
280.00
ZDDH00323
341830
7035825 581
-60
240
250.03
ZDDH00324
341865
7035735 548
-60
240
44.90
ZDDH00324A 341867
7035735 548
-60
240
150.00
ZDDH00325
341881
7035799 589
-60
240
264.00
ZDDH00326
341574
7035680 500
-60
60
249.00
Hole ID
Dip
Azimuth
Drill Depth
(m)
Table 5: Significant intercepts Results above 0.30 g/t Au.
TARGET
TRENCH_ID UTM_E UTM_N
dip Azimuth from (m) to (m) width_(m) Au ppm Comments
CALDERILLA EZTR003283 341665 7043881 0
65
0.00
1.00
1.00
0.57
CALDERILLA EZTR003751 343126 7043910 5
280
0.00
2.00
2.00
1.25
CALDERILLA EZTR003752 343343 7043809 10
65
0.00
2.00
2.00
15.90
CALDERILLA EZTR003753 343304 7043968 0
70
0.00
2.00
2.00
3.01
CALDERILLA EZTR003829 342225 7041411 0
80
0.00
1.00
1.00
0.73
Kitsune
EZTR003842 341022 7039922 -5
60
0.00
66.00 66.00
0.32
Kitsune
EZTR003842 341022 7039922 -5
60
15.00
18.00 3.00
1.27
including
Kitsune
EZTR003842 341022 7039922 -5
60
42.00
66.00 24.00
0.59
including
Kitsune
EZTR003842 341022 7039922 -5
60
57.00
66.00 9.00
1.22
including
Kitsune
EZTR003850 340550 7039361 30
50
15.00
18.00 3.00
6.25
Kitsune
EZTR003852 340583 7039397 10
73
6.00
12.00 6.00
1.20
Kitsune
EZTR003853 340600 7039403 -12 48
6.00
24.00 18.00
1.59
Kitsune
EZTR003853 340600 7039403 -12 48
6.00
12.00 6.00
4.14
TESOROGOLD.COM.AU
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9
ASX ANNOUNCEMENT 26 JULY 2023
are presented have not been materially modified
from the original announcement on 9 March 2023.
About Tesoro
Tesoro Gold Limited was established with a strategy o
acquiring, exploring, and developing mining project
in the Coastal Cordillera region of Chile. The Coasta
Cordillera region is host to multiple world-class coppe
and gold mines, has well-established infrastructure
service providers and an experienced minin
workforce. Large areas of the Coastal Cordiller
remain unexplored due to the unconsolidated natur
of mining concession ownership, but Tesoro, via its in
country network and experience has been abl
secure rights to a district scale gold project in-line wit
the Company’s strategy. Tesoro’s 95% owned Chilea
subsidiary owns 85% of the El Zorro Gold Project.
Competent Persons Statements
The information in this report that relates to
Exploration Results is based on information
compiled by Mr Zeffron Reeves (B App Sc (Hons)
Applied Geology) MBA, MAIG). Mr Reeves is a
member of the Australian Institute of Geoscientists
and a Director and shareholder of the Company.
Mr Reeves has sufficient experience that is relevant
to the style of mineralisation and type of deposit
under consideration and to the activity which he is
undertaking to qualify as a Competent Person as
defined in the 2012 Edition of the Australasian Code
for Reporting of Exploration Results, Mineral
Resources and Ore Reserves. Mr Reeves consents to
the inclusion in this report of the matters based on
this information in the form and context in which it
appears.
Future Performance
This announcement may contain certain forwardlooking statements and opinions. Forward-looking
statements, including projections, forecasts and
estimates, are provided as a general guide only
and should not be relied on as an indication or
guarantee of future performance and involve
known
and
unknown
risks,
uncertainties,
assumptions, contingencies and other important
factors, many of which are outside the control of
the Company and which are subject to change
without notice and could cause the actual results,
performance or achievements of the Company to
be materially different from the future results,
performance or achievements expressed or implied
by such statements. Past performance is not
necessarily a guide to future performance and no
representation or warranty is made as to the
likelihood of achievement or reasonableness of any
forward-looking statements or other forecast.
Nothing contained in this announcement, nor any
information made available to you is, or and shall
be relied upon as, a promise, representation,
warranty or guarantee as to the past, present or the
future performance of Tesoro.
The information in this report that relates to Mineral
Resources is based on information compiled by Mr
Lynn Widenbar, a Competent Person who is a
Member of The Australasian Institute of Mining and
Metallurgy. Mr Widenbar is acting as an
independent consultant to Tesoro Gold Limited. Mr
Widenbar has sufficient experience that is relevant
to the style of mineralisation and type of deposit
under consideration, and to the activity being
undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the ‘Australasian
Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’. The Company
confirms that the form and context in which the
results are presented and all material assumptions
and technical parameters underpinning the
estimates in the original market announcement
continue to apply and have not materially
changed have not been materially modified from
the original announcements and that the form and
context in which the Competent Person’s findings
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10
ASX ANNOUNCEMENT 26 JULY 2023
APPENDIX 1: CONCESSION SCHEDULE AS AT 30 JUNE 2023
EL ZORRO GOLD PROJECT EXPLORATION CONCESSIONS (85%* Tesoro Mining Chile SpA)
10-august-2026
Size
(ha)
200
Concession
type
Exploration
ZORRO 2B
10-august-2026
200
Exploration
ZORRO 3B
10-august-2026
200
Exploration
ZORRO 4B
10-august-2026
100
Exploration
ZORRO 5B
10-august-2026
200
Exploration
ZORRO 6B
10-august-2026
200
Exploration
PUNTA DE DIAMENTE 1A
17-august-2025
200
Exploration
PUNTA DE DIAMENTE 2A
06-august-2025
300
Exploration
PUNTA DE DIAMENTE 3A
28-september-2025
300
Exploration
LA NEGRA COJA 1A
10-august-2025
200
Exploration
LA NEGRA COJA 2A
06-august-2025
300
Exploration
LA NEGRA COJA 3A
10-august-2025
300
Exploration
LA NEGRA COJA 4A
06-august-2025
200
Exploration
LA NEGRA COJA 5A
09-august-2025
300
Exploration
LA NEGRA COJA 6A
11-august-2025
200
Exploration
LA NEGRA COJA 7A
09-august-2025
300
Exploration
LA NEGRA COJA 8A
11-august-2025
300
Exploration
LA NEGRA COJA 9A
09-august-2025
200
Exploration
LA NEGRA COJA 10A
11-august-2025
300
Exploration
LA NEGRA COJA 11A
10-august-2025
300
Exploration
LA NEGRA COJA 12A
11-august-2025
200
Exploration
LA NEGRA COJA 13A
10-august-2025
300
Exploration
LA NEGRA COJA 14A
11-august-2025
300
Exploration
LA NEGRA COJA 15A
10-august-2025
300
Exploration
LA NEGRA COJA 16A
18-august-2025
200
Exploration
LA NEGRA COJA 17A
17-august-2025
300
Exploration
LA NEGRA COJA 18A
18-august-2025
300
Exploration
LA NEGRA COJA 19A
11-august-2025
200
Exploration
NICE BARREL 1
05-august-2025
200
Exploration
NICE BARREL 2
05-august-2025
300
Exploration
NICE BARREL 3
06-august-2025
200
Exploration
NICE BARREL 4
05-august-2025
200
Exploration
NICE BARREL 5
06-august-2025
200
Exploration
NICE BARREL 6
05-august-2025
200
Exploration
NICE BARREL 7
10-august-2025
200
Exploration
NICE BARREL 13
28-september-2025
300
Exploration
NICE BARREL 12
28-september-2025
200
Exploration
NICE BARREL 11
28-september-2025
300
Exploration
NICE BARREL 10
28-september-2025
200
Exploration
NICE BARREL 9
28-september-2025
300
Exploration
NICE BARREL 8
28-september-2025
200
Exploration
SIERRA PATACONES 1
Replaced by SIERRA PATACONES 1A in process
300
Exploration
Concession Name
Date of Expiration
ZORRO 1B
TESOROGOLD.COM.AU
11
ASX ANNOUNCEMENT 26 JULY 2023
Concession Name
Date of Expiration
Size
(ha)
Concession
type
SIERRA PATACONES 2
Replaced by SIERRA PATACONES 2A in process
300
Exploration
SIERRA PATACONES 3
Replaced by SIERRA PATACONES 3A in process
300
Exploration
SIERRA PATACONES 4
Replaced by SIERRA PATACONES 4A in process
300
Exploration
SIERRA PATACONES 5
Replaced by SIERRA PATACONES 5A in process
300
Exploration
SIERRA PATACONES 6
Replaced by SIERRA PATACONES 6A in process
300
Exploration
SIERRA PATACONES 7
Replaced by SIERRA PATACONES 7A in process
300
Exploration
SIERRA PATACONES 8
Replaced by SIERRA PATACONES 8A in process
300
Exploration
SIERRA PATACONES 9
Replaced by SIERRA PATACONES 9A in process
300
Exploration
SIERRA PATACONES 10
Replaced by SIERRA PATACONES 10A in process
300
Exploration
SIERRA PATACONES 11
Replaced by SIERRA PATACONES 11A in process
300
Exploration
SIERRA PATACONES 12
Replaced by SIERRA PATACONES 12A in process
300
Exploration
SIERRA PATACONES 13
Replaced by SIERRA PATACONES 13A in process
300
Exploration
SIERRA PATACONES 14
Replaced by SIERRA PATACONES 14A in process
300
Exploration
SIERRA PATACONES 15
Replaced by SIERRA PATACONES 15A in process
300
Exploration
SIERRA PATACONES 20
Replaced by SIERRA PATACONES 20A in process
300
Exploration
SIERRA PATACONES 19
Replaced by SIERRA PATACONES 19A in process
300
Exploration
SIERRA PATACONES 18
Replaced by SIERRA PATACONES 18A in process
300
Exploration
SIERRA PATACONES 17
Replaced by SIERRA PATACONES 17A in process
300
Exploration
SIERRA PATACONES 16
Replaced by SIERRA PATACONES 16A in process
300
Exploration
SIERRA PATACONES 21
Replaced by SIERRA PATACONES 21A in process
300
Exploration
SIERRA PATACONES 22
Replaced by SIERRA PATACONES 22A in process
300
Exploration
SIERRA PATACONES 23
Replaced by SIERRA PATACONES 23A in process
300
Exploration
SIERRA PATACONES 24
Replaced by SIERRA PATACONES 24A in process
300
Exploration
SIERRA PATACONES 25
Replaced by SIERRA PATACONES 25A in process
300
Exploration
SIERRA PATACONES 26
Replaced by SIERRA PATACONES 26A in process
300
Exploration
SIERRA PATACONES 27
Replaced by SIERRA PATACONES 27A in process
300
Exploration
SIERRA PATACONES 28
Replaced by SIERRA PATACONES 28A in process
300
Exploration
SIERRA PATACONES 29
Replaced by SIERRA PATACONES 29A in process
300
Exploration
SIERRA PATACONES 30
Replaced by SIERRA PATACONES 30A in process
300
Exploration
SIERRA PATACONES 31
Replaced by SIERRA PATACONES 31A in process
300
Exploration
SIERRA PATACONES 32
Replaced by SIERRA PATACONES 32A in process
300
Exploration
SIERRA PATACONES 33
Replaced by SIERRA PATACONES 33A in process
300
Exploration
SIERRA PATACONES 34
Replaced by SIERRA PATACONES 34A in process
300
Exploration
SIERRA PATACONES 35
Replaced by SIERRA PATACONES 35A in process
300
Exploration
SIERRA PATACONES 42
Replaced by SIERRA PATACONES 42A in process
300
Exploration
SIERRA PATACONES 41
Replaced by SIERRA PATACONES 41A in process
300
Exploration
SIERRA PATACONES 40
Replaced by SIERRA PATACONES 40A in process
300
Exploration
SIERRA PATACONES 39
Replaced by SIERRA PATACONES 39A in process
300
Exploration
SIERRA PATACONES 38
Replaced by SIERRA PATACONES 38A in process
300
Exploration
SIERRA PATACONES 37
Replaced by SIERRA PATACONES 37A in process
300
Exploration
TESOROGOLD.COM.AU
12
ASX ANNOUNCEMENT 26 JULY 2023
Concession Name
Date of Expiration
Size
(ha)
Concession
type
SIERRA PATACONES 36
Replaced by SIERRA PATACONES 36A in process
300
Exploration
SIERRA PATACONES 43
Replaced by SIERRA PATACONES 43A in process
300
Exploration
SIERRA PATACONES 44
Replaced by SIERRA PATACONES 44A in process
300
Exploration
SIERRA PATACONES 45
Replaced by SIERRA PATACONES 45A in process
300
Exploration
SIERRA PATACONES 46
Replaced by SIERRA PATACONES 46A in process
300
Exploration
SIERRA PATACONES 47
Replaced by SIERRA PATACONES 47A in process
300
Exploration
SIERRA PATACONES 48
Replaced by SIERRA PATACONES 48A in process
300
Exploration
SIERRA PATACONES 49
Replaced by SIERRA PATACONES 49A in process
300
Exploration
SIERRA PATACONES 50
Replaced by SIERRA PATACONES 50A in process
300
Exploration
SIERRA PATACONES 51
Replaced by SIERRA PATACONES 51A in process
300
Exploration
SIERRA PATACONES 53
Replaced by SIERRA PATACONES 53A in process
300
Exploration
SIERRA PATACONES 54
Replaced by SIERRA PATACONES 54A in process
300
Exploration
SIERRA PATACONES 55
Replaced by SIERRA PATACONES 55A in process
300
Exploration
SIERRA PATACONES 56
Replaced by SIERRA PATACONES 56A in process
300
Exploration
SIERRA PATACONES 57
Replaced by SIERRA PATACONES 57A in process
300
Exploration
SIERRA PATACONES 62
Replaced by SIERRA PATACONES 62A in process
300
Exploration
SIERRA PATACONES 61
Replaced by SIERRA PATACONES 61A in process
300
Exploration
SIERRA PATACONES 60
Replaced by SIERRA PATACONES 60A in process
300
Exploration
SIERRA PATACONES 59
Replaced by SIERRA PATACONES 59A in process
300
Exploration
SIERRA PATACONES 58
Replaced by SIERRA PATACONES 58A in process
300
Exploration
SIERRA PATACONES 63
Replaced by SIERRA PATACONES 63A in process
300
Exploration
SIERRA PATACONES 64
Replaced by SIERRA PATACONES 64A in process
300
Exploration
SIERRA PATACONES 65
Replaced by SIERRA PATACONES 65A in process
300
Exploration
SIERRA PATACONES 66
Replaced by SIERRA PATACONES 66A in process
300
Exploration
SIERRA PATACONES 67
Replaced by SIERRA PATACONES 67A in process
300
Exploration
SIERRA PATACONES 68
Replaced by SIERRA PATACONES 68A in process
300
Exploration
SIERRA PATACONES 69
Replaced by SIERRA PATACONES 69A in process
300
Exploration
SIERRA PATACONES 70
Replaced by SIERRA PATACONES 70A in process
300
Exploration
SIERRA PATACONES 71
Replaced by SIERRA PATACONES 71A in process
300
Exploration
SIERRA PATACONES 72
Replaced by SIERRA PATACONES 72A in process
300
Exploration
SIERRA PATACONES 73
Replaced by SIERRA PATACONES 73A in process
300
Exploration
SIERRA PATACONES 74
Replaced by SIERRA PATACONES 74A in process
300
Exploration
SIERRA PATACONES 75
Replaced by SIERRA PATACONES 75A in process
300
Exploration
SIERRA PATACONES 76
Replaced by SIERRA PATACONES 76A in process
300
Exploration
SIERRA PATACONES 7
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