Tesoro Gold Limited has begun the permitting process for its El Zorro Gold Project in Chile by commissioning an Environmental Impact Study with Pares & Alvarez. This action is integral to its development strategy and aims to address potential environmental impacts. Completion of the EIA is expected in 24 months, with significant growth noted in the company’s market performance.
Tesoro Gold Limited has officially commenced the permitting process for the El Zorro Gold Project in Chile, collaborating with the Chilean engineering firm Pares & Alvarez to conduct an Environmental Impact Study (EIA). This initiative is part of Tesoro’s broader strategy to synchronize approval milestones with development activities, thereby enhancing the project’s progression and reducing associated risks. The EIA is projected to conclude within 24 months, focusing on potential environmental and social impacts. Upon securing the necessary approvals, the project will be set for construction and operation.
As a key player in the gold mining sector, Tesoro Gold Limited is dedicated to the exploration and development of lucrative gold resources. The El Zorro Gold Project is central to their operations, with aspirations to establish and manage a gold mining operation within Chile.
In terms of market performance, Tesoro Gold has exhibited an impressive year-to-date price increase of 300.0%. The company’s average trading volume stands at 15,666, and it currently holds a market capitalization of $30.76 million. For further insights regarding TSO stock, investors are encouraged to visit TipRanks’ Stock Analysis page.
In summary, Tesoro Gold Limited is taking significant steps to advance its El Zorro Gold Project by initiating the permitting process through an Environmental Impact Study. This strategic move aims to mitigate risks and align development with regulatory approval, crucial for the project’s future. With substantial year-to-date growth in share value, the company is positioned favorably within the gold mining sector, highlighting its commitment to responsible environmental practices.
Original Source: www.tipranks.com
