Tesoro Gold Limited has initiated the permitting process for the El Zorro Gold Project in Chile by starting an Environmental Impact Study with Pares & Alvarez. This EIA will take 24 months and assess environmental impacts. Tesoro’s price performance shows a 300.0% increase year-to-date and a current market cap of $30.76 million.
Tesoro Gold Limited has commenced the permitting process for its El Zorro Gold Project in Chile by initiating an Environmental Impact Study (EIA) in collaboration with the Chilean engineering firm Pares & Alvarez. This initiative is integral to the company’s strategy of synchronizing approval milestones with ongoing development efforts to advance and de-risk the project.
The EIA is projected to take 24 months and will evaluate potential environmental and social impacts associated with the project. Once the necessary approvals are secured, the project will proceed to permitting for construction and operation. This advancement is vital as Tesoro continues to engage with infrastructure providers and stakeholders to facilitate project development.
Tesoro Gold Limited is dedicated to exploring and developing gold resources within the mining industry. The El Zorro Gold Project represents the company’s primary endeavor, with the objective of constructing and operating a gold mine in Chile.
Year-to-date, Tesoro Gold’s price performance has increased by 300.0%, with an average trading volume of 15,666 shares and a current market capitalization of $30.76 million. For additional information concerning TSO stock, please visit TipRanks’ Stock Analysis page.
In conclusion, Tesoro Gold Limited has embarked on the permitting process for its El Zorro Gold Project in Chile, marking a significant step in its development strategy. By starting an Environmental Impact Study, the company aims to ensure environmental compliance and engage with necessary stakeholders. This proactive approach reinforces Tesoro’s commitment to advancing its mining projects while prioritizing ecological and social considerations.
Original Source: www.tipranks.com
