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An announcement from Tesoro Gold ( (AU:TSO) ) is now available.
Tesoro Gold Limited has signed a non-binding Memorandum of Understanding (MOU) with Tecnocap S.A. to explore electricity supply solutions for the El Zorro Gold Project in Chile. This strategic move aims to enhance the project’s infrastructure by potentially utilizing Tecnocap’s transmission line, which could provide a reliable power supply, reduce permitting costs, and eliminate the need for on-site power generation facilities. The collaboration underscores El Zorro’s strategic location and its potential for cost-effective development, further de-risking the project and supporting its advancement.
More about Tesoro Gold
Tesoro Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. Its primary project, the El Zorro Gold Project, is located in Chile, and the company is working towards advancing its infrastructure and development.
Average Trading Volume: 1,760,949
Current Market Cap: A$52.43M
See more insights into TSO stock on TipRanks’ Stock Analysis page.