RE: 1M Block Buyer13 Aug 2025 09:14
Steve
Tesoro Gold Concession
β’ ASM operations at Bonanza and Morrocota mines
β’ Internal estimates β² to 213,000 oz contained Au
β’ Mining and sales from Bonanza shaft initiated Dec-24
focusing on high grade mineralised veins (on pause)
β’ First shipment averaged 63.6 g/t Au, recovery rates over
90%
β’ Developing optimised mine plan to resume operations with
contract mining company
Gold Ore Processing Plant
β’ Increase margins vs tolling plant
β’ Secured permits for a plant 45km from Tesoro - $500k
capex, 20kg AuEq/month at >15% margin
β’ Lucrative support business to ASM sector
Tailings Cleaning
β’ Identified 7 tailings dumps from historical/ongoing
polymetallic mining which contain gold/silver
β’ Internal combined estimate from 2023 work of 4.9 Mt for
243,000 oz AuEq
β’ First deposit signed up in March 2025, 1.8M t
β’ Environmental liabilities for owners β will be redeposited in
line with legislation while extracting gold/silver
Ana Lucia Polymetallic Concession
β’ 17 quartz-tourmaline breccias developed over an inferred
porphyry system
β’ Formerly Hochschild
β’ Surface sample grades 0.6 g/t Au, 20 g/t Ag, 0.2% Pb
Plus the crypto angle and oh yes just got 100pc of resource my friend. Sensational. Mining on near term horizons. Boom.