Tesoro Gold signs MOU with Tecnocap for power supply to El Zorro Gold Project

Tesoro Gold (ASX:TSO) has executed a non-binding memorandum of understanding with Tecnocap, aimed at advancing electricity supply solutions for the El Zorro Gold Project in Chile.

The agreement provides a framework for evaluating power infrastructure options to support the project's future development.

The companies will jointly assess the feasibility of sourcing electricity from Tecnocap's high-capacity transmission line, which currently supplies power to the Totoralillo Port and a desalination plant located 25km from the El Zorro site.

This collaboration is expected to streamline the development process by reducing costs, timelines, and the need for on-site power generation.

Tesoro’s Managing Director, Zeff Reeves, expressed confidence that the MOU would enhance the project’s infrastructure and de-risk its development.

The agreement remains valid for two years and can be terminated without penalty by either party.

At the time of reporting, Tesoro Gold's share price was $0.028.