Tesoro Gold has launched the permitting process for the El Zorro Gold Project in Chile by initiating an Environmental Impact Study with Pares&Alvarez. The study, set to conclude in 24 months, will assess environmental and social impacts. Securing approvals is crucial for project development, which has shown a remarkable year-to-date price increase of 300%.
Tesoro Gold Limited has begun the permitting process for its El Zorro Gold Project located in Chile. This is being achieved through the commencement of an Environmental Impact Study (EIA), leveraging the expertise of the Chilean engineering firm Pares&Alvarez. The EIA aims to meet regulatory approval milestones while enhancing the project’s development and risk management.
The EIA is projected to be finalized within 24 months, evaluating the environmental and social impacts of the project. Once the necessary approvals are secured, the project will be eligible for construction and operational permits. This step is essential as Tesoro maintains engagement with infrastructure providers and stakeholders to foster the project’s success.
Tesoro Gold Limited specializes in the gold mining sector and focuses on the exploration and development of gold resources. The El Zorro Gold Project represents its primary initiative, with plans to establish and operate it as a gold mine.
In terms of market performance, Tesoro Gold has experienced a year-to-date price increase of 300.0%, with an average trading volume of 15,666 shares and a current market capitalization of $30.76 million. For further details on TSO stock, users can refer to TipRanks’ Stock Analysis page.
In summary, Tesoro Gold Limited is advancing its El Zorro Project through the initiation of an Environmental Impact Study, essential for obtaining necessary permits. This strategic action, supported by a local engineering firm, aims to align development efforts with regulatory approvals while maintaining stakeholder engagement. With significant growth in market performance, Tesoro is positioned for success in its project endeavors.
Original Source: www.tipranks.com
