Tesoro Gold Ltd. (ASX: TSO) has secured fresh funding of AUD 34 million through a private placement, pricing new shares at AUD 0.053 each. The capital raise was managed by Unified Capital Partners and Morgans Corporate as Joint Lead Managers, with Tamesis Partners and Jett Capital Advisors acting as Co-Managers. Proceeds from the placement will support the advancement of Tesoro's flagship El Zorro gold project in Chile, covering resource growth at the Ternera deposit, further exploration, extensive drilling programs, and completion of both pre-feasibility $(PFS)$ and definitive feasibility studies $(DFS)$. The funds will also be used for permitting processes, working capital, and financing costs. The successful placement, backed by a broad base of institutional investors, positions Tesoro to advance El Zorro toward a potential production decision.