RE: Boom today11 Aug 2025 08:38
Just remember that the Tesoro Gold Concession (ASM operations at Bonanza and Morrocota mines have Internal estimates of 213,000 oz contained Au and that mining sales from Bonanza shaft initiated Dec-24 focusing on high grade mineralised veins with the first shipment averaging over 63.6 g/t Au with recovery rates over 90% and that they are developing optimised mine plan to resume operations with a
contract mining company. Sales agreement in place with local gold ore processing plant in the Arequipa region. Gold Ore Processing Plant - Secured permits for a plant 45km from Tesoro - $500k capex, 20kg AuEq/month at >15% margin. With regards to tailings cleaning there has been identification of 7 tailings dumps from historical/ongoing polymetallic mining which contain gold/silver...with an Internal combined estimate from 2023 work of 4.9 Mt for 243,000 oz AuEq. First deposit signed up in March 2025, 1.8Mt. The Ana Lucia Polymetallic Concession - covers 17 quartz-tourmaline breccias developed over an inferred porphyry system which was formerly Hochschilds.... Surface sample grades 0.6 g/t Au, 20 g/t Ag, 0.2% Pb. A lot of recoverable gold from thr mines and tailings projects..