Corporate Member

Tesoro Gold Limited (ASX:TSO; FSE:5D7, OTCQB:TSORF) is an Australian public company that has discovered the first Intrusive Related Gold System (IRGS) and identified a New Gold Province in Chile.
Tesoro holds the largest and most prospective gold project in Chile covering 570km2. Shareholders include Gold Fields, Ruffer, Konwave/Gold 2000, Ixios, RAB Capital and Collins Street.
Board and Management own 10%.
$11 million in treasury fully funded for the next 18 months.
Resource of 1.5 Moz, Exploration Target of 3Moz.
Two drills rig onsite, potential for 3 Moz in the Ternera Deposit alone.
15km from the Pan American Highway and the Pacific Ocean, grid power 20km, water 30km, International airport 1 hour drive from site, close to the cities of Caldera, Chanaral and Copiapo.
ASIC USD1,068, NPV 300M and IRR of 37% @ USD1,950 Au price.
45% of gold recovered via gravity, total recovery of 94.5% via conventional CIP Plant @ 150um grind size.
Mark Connelly recently appointed as chairman.
Updated Resource Estimate and Scoping Study due mid-2025.
Diamond drill results include:

1. ZDDH0297: 434.60m @ 1.22g/t Au; incl. 89.95m @ 3.07g/t Au, incl. 20.80m @ 9.19g/t Au;
2. ZDDH0394A: 46.67m @ 11.86 g/t Au; incl. 22.25m @ 23.66g/t Au, incl. 0.50m @ 924.00g/t Au;
3. ZDDH0356 153.90m @ 1.61g/t Au; incl. 25.82m @ 3.96g/t Au, incl. 44.25m @ 1.99g/t Au;
4. ZDDH0356 132.18m @ 1.28g/t Au, incl. 32.20m @ 3.28g/t Au, incl. 3.25m @ 12.64g/t Au;
5. ZDDH0288: 63.93m @ 7.61g/t Au; incl. 7.00m @ 66.10g/t Au;
6. ZDDH0154: 67.00m @ 3.44g/t Au; incl. 13.50m @ 15.84g/t Au;
7. ZDDH0017: 86.45m @ 2.29g/t Au; incl. 50.50m @ 3.63g/t Au;
8. ZDDH0170: 205.00m @ 0.96g/t Au; incl. 35.00m @ 3.99g/t Au;
9. ZDDH0300: 221.00m @ 0.85g/t Au; incl. 22.60m @ 2.51g/t Au;
10. ZDDH0290: 63.60m @ 2.89g/t Au; incl. 10.60m @ 14.34g/t Au;
11. ZDDH0011: 98.30 m @ 1.58g/t Au; incl. 30.30 m @ 3.03g/t Au;
12. ZDDH0309: 53.30m @ 1.17g/t Au; incl. 13.50m @ 3.63g/t Au;
13. ZDDH0338: 1.80m @ 77.15g/t Au; incl. 0.8m @ 173.00g/t Au; and
14. ZDDH0351: 58.70m @ 2.10g/t Au; incl. 7.50m @ 12.42g/t Au.