Tesoro Gold (ASX:TSO) has begun preparing an environmental impact study, as part of the permitting process required to construct and operate a gold mine at the El Zorro Gold Project in Chile.
The $48.15 million market capitalisation company has appointed Chilean engineering firm Pares & Alvarez to conduct the environmental impact study.
Pares & Alvarez will conduct a 12-month baseline study to assess potential environmental and social impacts of the project and prepare all documentation required for submitting to the Chilean Environmental Impact Assessment Study.
Managing Director Zeff Reeves says the studies will pave the way for El Zorro to be built and operated.
“P&A is a well-established and respected engineering services firm in Chile, with more than 30 years’ experience and a proven track record in successfully permitting major projects across various industries,” Reeves says.
“This is a critical step in the continued de-risking of El Zorro and progression towards development, in parallel with our other ongoing pre-development activities.”
Tesoro’s developing and de-risking activities include an advanced metallurgical testwork, as well as engagement with water and power infrastructure providers to secure project utilities.
Other activities include ongoing liaison with key government departments and other important stakeholders. The company will continue exploration drilling activities aimed at expanding the existing Ternera mineral resource and upgrade classification confidence across the deposit.
The El Zorro Project, covering 570km2, lies in the Atacama region of Chile and is strategically located with easily accessed established infrastructure including roads, power and water.
Tesoro Gold is an Australian developer focused on advancing the El Zorro Project.
Write to Aaliyah Rogan at Mining.com.au
Images: Tesoro Gold
