InvestSMART

Tesoro Gold Ltd (ASX:TSO)

ALERT: Price-sensitive ASX Announcement for TSO
Current share price for TSO : $0.900 -0.44 (-32.84%)+
Announcement
Release
27 Jan 2026 9:13AM
Price at Release
$1.340
Full Release
download
Summary
Tesoro Gold Ltd's quarterly activities report for the period ending December 31, 2025, highlights significant progress in their exploration and drilling activities. Three major diamond drilling programs commenced, accumulating approximately 38,000 meters. The infill and extensional drilling programs showed promising results, reinforcing the potential at Ternera and Pena Blanca sites. New drilling at La Brea indicated favorable geological conditions, echoing early signs seen at Ternera. The company also undertook corporate financial actions, including settling a $34 million placement for the El Zorro Project and a share consolidation. Financially, the company reported a robust cash position with no debt by the quarter's end.
Key Points
  • Tesoro Gold Ltd reported on its activities for the quarter ending December 31, 2025.
  • Three concurrent diamond drilling programs were executed, totaling around 38,000 meters.
  • The infill drilling program included significant results like 43.08m @ 1.98g/t Au from 476.00m.
  • Extensional drilling program returned notable results such as 10.06m @ 1.70g/t Au from 59.74m.
  • New discovery drilling at La Brea showed positive results with wide alteration zones.
  • Three new gold targets were identified at the Pena Blanca site.
  • The company settled a $34 million placement for developing El Zorro Project.
  • A corporate restructure was completed with a 15 for 1 consolidation of shares.
  • Cash balance at the end of the quarter was A$29.19 million with zero debt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.