The AIM-traded company said a 186-sample channel programme had confirmed its structural model and identified multiple high-grade shoots across the Tesoro and Tesoro 1 vein systems, although mineralisation remained locally discontinuous.
It plans a two-week structural mapping programme before sinking a new shaft to about 20 metres at a priority high-grade zone.
Nativo said its La Patona gold processing plant was effectively construction-ready, subject to financing, with engineering, procurement planning and costings complete.
It remains in advanced funding talks, is reviewing an offtake offer from a major commodities trader, and is targeting construction, commissioning and first gold production in the fourth quarter of 2026.
At 1342 BST, shares in Nativo Resources were down 17.31% at 0.22p.
Reporting by Josh White for Sharecast.com.
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