RE: Long way to go1 Aug 2025 07:21
The internal resource estimate for the Tesoro Gold Concession (originally announced on 1 July 2024) has been increased to approximately 213,000 ounces of contained gold (previously 73,000 ounces), with 51,000 ounces being attributed to the Bonanza and Morrocota mines alone.
A further month of fieldwork, sampling and modelling studies has been defined with IGH and is required to prepare mine plans for Bonanza and Morrocota. The Company anticipates it will be able to restart production at Tesoro and initiate production at Morrocota approximately two months after completion of the mine plan, subject to the outcome of the study and engagement of a contract mining firm.
Nealy a month since this update. The bond holder results opens the door now for the company to progress with 3 times the amount of gold than before. Think about that. The gold wont go anywhere and on course to have a credible plan near term.
Marker just needs the word and this will fly like the wind.