Zoro Mining Corp. has strategically positioned itself to capitalize on new gold exploration and post-crash economics. Formed in 2007 to acquire high-value opportunities in developing gold prospects, the company has acquired multiple prospects in targeted areas. Zoro currently owns extensive property positions in significant mineral prospects in established gold mining regions in Latin America, Peru, Chile and Mexico.
The company’s management team has launched a multi-pronged approach to diversify risk and provide immediate revenue opportunities that will support the development of mid-size to very large gold projects. Collectively retaining over a century of relevant experience, Zoro’s leadership has the expertise necessary to extract maximum value from its precious metal properties, all of which have significant gold potential.
Zoro’s primary strategic thrust is to develop near term resources at surface gold projects in Chile and Peru. The projects all offer potential for surface occurring, bulk mineable and heap leachable lower-grade gold production. Budgets for each project have been designed for immediate exploration to identify NI 43-101 compliant inferred gold resources. The company’s primary goal is to identify multiple gold resources of at least one million recoverable ounces in each district.
Zoro’s secondary overarch, which is targeted to commence in 5-10 years, is to explore and develop gold resources at larger properties. The company’s large land positions obtained at Yura (Peru) and Don Beno (Chile) together encompass 20,000 net acres. Yura’s sheer size alone shows potential for multiple, large surface deposits which could be centrally processed. Exploration budgets are currently being developed for both projects.
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