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Tesoro Gold Reports Maiden Ore Reserve of 1.28 Million Ounces at Ternera Gold Deposit in Chile, Shares Up 3%

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Tesoro Gold (ASX:TSO) reported a maiden ore reserve of 42.8 million tonnes at 0.93 grams per tonne gold for 1.28 million ounces of contained gold at the Ternera gold deposit, part of its El Zorro gold project in Chile, entirely within a single open pit, according to a Friday Australian bourse filing.

The company said the ore reserve represents about 87% of the 1.47 million ounces of measured and indicated resources, supporting a project production life of more than 13 years at an average grade of 1.16 grams per tonne gold for the first 10 years of production.

The company's shares rose 3% in recent Friday trade.

What else is happening in Asia?

Asia

Market Chatter: China Airlines Plans Codeshare Partnership with Britain's Virgin Atlantic

China Airlines (TPE:2610) plans to launch codeshare partnership with Britain's Virgin Atlantic Airways, according to a Focus Taiwan report on Wednesday, quoting the airlines' president Kevin Chen.Initially, China Airlines, and Virgin Atlantic will share flight codes on each other's services and will subsequently tap into complementary route networks to faciliate better flight services between Taiwan and the UK, Chen said.China Airlines' sahares were up over 1% in Thursday's trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2610
Asia

China Petrochemical Unit Wins Court Ruling Revoking Land Seizure

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TPE:1314
Asia

Lotus Pharmaceutical's Unit to Reduce Capital by $70 Million

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TPE:1795