Tesoro Resources TSO Resource Update By Year End

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=ccV2bJXO_NE

Interview with Zeff Reeves, Managing Director of Tesoro Resources (ASX: TSO) • Our previous interview: • Tesoro Resources (TSO) - Gold Mine Bu... • Tesoro Resources is an Australian public company with exploration stage gold assets in Chile. The company is focused on acquiring and developing high grade gold assets that have potential to be district scale mining projects. • Tesoro was established with a strategy of acquiring, exploring and developing mining projects in the Coastal Cordillera region of Chile. The Coastal Cordillera region is host to multiple world class gold mines, has well established infrastructure, service providers and an experienced mining workforce. Tesoro, via its in-country network and experience has been able secure rights to the emerging El Zorro Gold Project inline with the company’s strategy. Tesoro owns 85% of the El Zorro Gold Project and is rapidly expanding and progressing the project. • The share price for Tesoro has shown a recent downturn for several reasons. With upcoming Chilean elections, investors are concerned about what to expect for the future of mining in the country. Tesoro believes that there are unlikely to be any major changes for Chile in the forthcoming elections and the company is treating the situation as business as usual. • Secondly, the maiden resource released by the company was disappointing and has also caused concern for investors. This maiden resource estimate however was presented by the company as a stepping stone for something much larger in the future as the company is motivated to make the El Zorro project work. • Tesoro had about AUD$13M in the bank at the end of the last quarter. The company is using between $1.5-1.8M per month with 6 drill rigs drilling to further develop the project. • Recent metallurgical work has shown exceptional recoveries with a reduced cost and risk to the company. Tesoro is pleased with recent assay results and is starting to see a good, conventional, simple mining project emerging at El Zorro. • Tesoro is aiming for a resource update at over a million ounces with a potential increase in grade by 5-10% and the company aims to produce the resource update by the end of the year. • 0:00 – Company Overview • 0:30 – Share Price, Performance, Covid Impact on Valuation • 4:00—Cash Position, Recent Announcements, Update on Resource • 9:44 – Models: ASX North American, Production, Mining Operations • 13:29 – Commercial Imperative, Feasibility Study, Breathing Room for Expansion • 16:04 – Size of Resource, Attracting Investors, Recent Network • 20:21 – Recovery Cost, Risk Reduction, Business as Usual • 22:39 – Outro • — • Crux Investor is an investing app for busy people. For a small, monthly membership fee you’ll receive a single stock recommendation each month, curated by industry experts and presented in a clear and focused one-page memo. Head to Crux Investor to learn more and to sign up for your time-saving, stress-slaying membership today. • Learn more: https://cruxinvestor.com

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