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Tesoro Minerals Corp. Announces Update on Acquisition of Rumichacha and Cerro Macho Properties, Peru, and $500,000 Non-Brokered Financing
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About this update from Tesoro Minerals Corp.
[{"type":"text","content":"Tesoro Minerals Corp. Announces Update on Acquisition of Rumichacha and Cerro Macho Properties, Peru, and $500,000 Non-Brokered Financing\"Not for distribution to United States newswire services or for dissemination in the United States.\" VANCOUVER, BC / ACCESS Newswire / December 22, 2025 / Tesoro Minerals Corp. (\"Tesoro\" or the \"Company\") is pleased to provide an update on its previously announced acquisition of the Rumichacha and Cerro Macho mineral properties (the \"Property\") located in Peru (see news release dated July 8, 2025) and to announce a $500,000 non-brokered private placement financing to support ongoing exploration and corporate activities.Update on Acquisition of Rumichacha and Cerro MachoTesoro continues to advance the acquisition of a 100% interest in the Rumichacha and Cerro Macho properties, which are located in a prospective mineral district in Peru with geological characteristics favourable for high sulphidation, epithermal gold mineralization. The property is under-explored and has never been drilled.Since the announcement in July, 2025, the Company has:Completed a NI-43-101 technical report and verified the prospectivity for high-sulphidation, epithermal gold mineralization.Received a title opinion verifying the tenure of the acquired acquisitionsContinued compilation and review of historical exploration dataInitiated planning for a phased exploration program, subject to closing of the transactionAdvancement of the Rumichacha and Cerro Macho properties including initial fieldwork, compilation, mapping & sampling and Induced Polarization ground geophysical surveysCommunity and Social EngagementGeneral working capital and corporate purposesThe Rumichacha and Cerro Macho properties are considered early-stage exploration assets with potential for discovery based on historical sampling, alteration, and structural setting. The Company believes these assets align well with Tesoro's strategy of acquiring and advancing high-quality exploration projects in underexplored yet mining-friendly jurisdictions.The acquisition remains subject to customary closing conditions, including regulatory approvals and final documentation. The Company will provide further updates as milestones are achieved.$500,000 Non-Brokered Private Placement FinancingTesoro also announces a non-brokered private placement financing of ...