Tesoro Gold Limited (OTCMKTS:TSORF) Stock In Focus After Recent News
Gold stocks have often been on the radars of investors in recent times and one of the companies that could be in focus today is that of Tesoro Gold Limited (OTCMKTS:TSORF).
Trading Data
On Friday, TSORF stock slid 3% to $0.0259 with more than 3K shares, compared to its average volume of 0 shares. The stock moved within a range of $0.0259 – 0.0259 after opening trade at $0.0259.
New discovery confirmed by widespread outcropping gold 35km North of Ternera Gold Deposit
The company came into the news cycle last Friday after it announced the assay results pertaining to the first regional exploration that had been conducted at its El Zorro Gold Project located in Chile. It was noted that the results from the exploration operations have been gleamed for as many as 159 channel samples that had been taken in the first pass mapping and sampling initiative at the Animas Viejas target. The target is situated around 35 miles away from the Ternera Gold Deposit.
It may be a good idea now for investors to take a look at some of the results from the samples. As many as 23 samples revealed as much as 0.10 Ag/t in the form of outcrop and the grades for those samples stood at 2.00m@ 2.78 g/t Au. It goes without saying that it was a major new announcement from the company and it now remains to be seen if the Tesoro Gold stock comes into focus among investors or not.
Key Quote
Tesoro Managing Director, Zeff Reeves commented: “We are continually impressed by the expanding scale of the El Zorro Gold System, these are impressive first pass results over virgin ground and further validates our belief that El Zorro has the potential to host multiple +1Moz gold deposits.
