Tesoro Gold


Primary ticker: ASX:TSO, OTCQB:TSORF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: El Zorro
Project location: Chile
Website: www.tesorogold.com 

Tesoro Gold (ASX: TSO, OTCQB:TSORF) is an Australian and United Sates public listed company with the development stage El Zorro gold project in Chile.


Tesoro is focused on developing and expanding its district scale El Zorro gold project in the Coastal Cordillera of Chile. This region is host to multiple world-class gold mines, has well-established infrastructure, service providers and an experienced mining workforce.


Tesoro was founded, and is managed by experienced mining professionals with strong geological, mining and capital markets backgrounds.

Founders have successful track records in Chile.


Major shareholders:
KEN HALL – 5.84%
Management ownership – 18%

Management Profile

Geoff McNamara – Co-Founder & Non-Executive Director

Geoff is a geologist with >30 years’ of international resource sector experience as a geologist, project manager and fund manager. Previously he worked in Private Equity (FUM USD800 million) and as a Director of Societe General’s Mining Finance Team in New York. Operational roles include Project Manager, Senior Mine Geologist and Mine Geologist for Ivanhoe Mines, Lion Ore International and Western Mining Corporation.


Geoff holds a Bachelors degree in Geology, a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia (FINSIA). He is a member of the Australian Institute of Company Directors (AICD) and the Australasian Institute of Mining and Metallurgy (AusIMM).

What is your rationale for taking part 121 Mining Investment?

North American and Institutional Investors and on-market support

What recent news would you like to highlight to investors attending?

63.93m @ 7.61g/t Au including 7.00m @ 66.10g/t Au; and
63.60m @ 2.89g/t Au including 10.60m @ 14.34g/t Au

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Expand the El Zorro deposit
New discoveries


6 Months:

Materially increase existing resource, make new discoveries and commence Pre-Feasibility Study


12 Months:

Make new discoveries, complete Pre-Feasibility Study and continue to grow resources base

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

  • Expanding resource base
  • Making new discoveries

What do you think makes your company such a compelling investment?

Outcropping orebody with high-grade core
63.93m @ 7.61g/t Au including 7.00m @ 66.10g/t Au
45% of gold recovery via gravity
<2% of land package explored

What are the top 3 key investor takeaways?

Multiple targets to be drilled tested in 2022
Mineralisation outcrops open in all directions
Developing a conventional large scale open pit mine & processing plant in Tier 1 jurisdiction