Tesoro Gold Commences Permitting for El Zorro Project in Chile

Tesoro Gold Limited has commenced the permitting process for its El Zorro Gold Project in Chile with an Environmental Impact Study, expected to take 24 months. This initiative is essential for assessing environmental impacts and facilitating project approvals for construction and operation, while the company engages with stakeholders to support development.

Tesoro Gold Limited has begun the permitting process for its El Zorro Gold Project located in Chile, in collaboration with Chilean engineering firm Pares & Alvarez. This initiative includes the commencement of an Environmental Impact Study (EIA), which is essential for addressing environmental and social considerations. The EIA is projected to take approximately 24 months to complete and is designed to align with Tesoro’s development strategies, ultimately facilitating project approval.

Achieving necessary approvals will permit Tesoro to move forward with construction and operational phases of the El Zorro Gold Project. This step is significant for the company as it seeks to mitigate risks and engage effectively with stakeholders and infrastructure providers to promote project development. Tesoro Gold operates within the gold mining sector, concentrating on exploring and developing gold resources, primarily through the El Zorro Gold Project.

In terms of performance metrics, Tesoro Gold has recorded an impressive year-to-date price increase of 300.0%. The average trading volume stands at 15,666 shares, and the company’s current market capitalization is $30.76 million. For further insights regarding Tesoro Gold’s stock performance, interested parties can visit TipRanks’ Stock Analysis page.

In conclusion, Tesoro Gold Limited is taking significant steps towards the advancement of its El Zorro Gold Project in Chile by initiating the Environmental Impact Study. This strategic move aims to mitigate risks and streamline the permitting process while engaging with relevant stakeholders. With compelling year-to-date performance figures, the company’s developments in the gold mining sector reflect a strong commitment to project progression.

Original Source: www.tipranks.com