TSO Has a Monster Deposit Says Industry Expert

I have not seen this posted before.

But an industry insider, Warwick Grigor, with lots of experience from Far East Capital said on 5 September in his newsletter

Far East Capital Limited ("FEC") has been operating for more than 25 years, servicing the junior end of the resource market. It is a family owned, Sydney-based private investment bank specialising in the resources sector. It was originally held 50:50 by interests associated with Warwick Grigor and Andrew Forrest, but became 100% owned by Grigor family interests in 1996.

Since 2008, FEC has held joint ownership of Hong Kong Far East Capital Limited, a corporate advisory business operating out of Hong Kong that has a complementary business with access to the Chinese investment community.

In 2008, FEC was pivotal in the formation of BGF Equities Pty Ltd, an independent stock broking company. In 2011, Canaccord Genuity purchased a 50% interest in BGF at a cost of approximately $40m. Warwick retired from the position of Executive Chairman at Canaccord/BGF in 2014, to resume his position as Executive Chairman of FEC.

Warwick has over 35 years experience as an investment and corporate analyst specialising in the mining and technology sectors. His multi skilled disciplines cover law, economics, accounting and geology.

http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm5September2020.pdf

Tesoro has a monster at El Zorro
Tesoro has reported a huge intercept of 231m at 0.83 gpt at
its El Zorro project in Chile. You might initially comment that
this is low grade, but it speaks to the size of the system
rather than any particular grade status. Within that broad
intercept (which commenced at 72m downhole … but the
mineralisation starts at surface) are smaller high grade
zones such as 54m at 1.69 gpt, 25m at 3.36 gpt, 6.7m at
11.57 gpt, 24.3m at 2.43 gpt, 3.66m at 10.7 gpt and 15.9m
at 1.04 gpt. None of these are individually shabby and all
could be economic, especially if taken in a big pit. These
better intervals are associated with cross-cutting faults
where one would normally expect better concentration of
grades.
Eight of the 32 holes assayed in this program returned
broad intercepts (34m to 176m) at grades of 0.85 gpt to
2.94 gpt).
It is fair to say we should expect a gold mine to be
developed here, but how large and what grade is yet to be
determined. It could be very large so as to get economies
of scale and achieve maximum exploitation of the low
grade material, as opposed to smaller higher grade mines.
This is the size project that will attract the interest of the
corporates that get turned on by large dimensions.
Looking at Figure 2 in Friday’s release, we see two step-out
holes, ZDDH00044 and 42, for which there are no results
yet. If these deliver similar results to those already
reported, we could be looking at a big increase in the
potential size. We also need to see if the cross cutting
structures that host the higher grades extend further out in
this direction. The next few months of continuous
exploration promises to be very exciting.