InvestorNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Assay Results from Bolivia Project
Sep 20, 2022
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has released assay results from its ongoing drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, located in southern Bolivia; the results come from 21 diamond drill holes. According to the company, five surface holes tested the high-grade feeder zone in Santa Barbara; the same zone was also tested by two underground holes. The northwest extension of Santa Barbara was tested by six holes while eight holes were reported for the Porco area. Finally, five surface drills are completing drilling in the Santa Barbara Resource Definition Drilling Area along with its extension to the south-southeast. According to the company, drilling will continue to expand the extent of the high-grade feeder zone at Santa Barbara, especially to the south-southeast. “The results presented in this press release, combined with the enhanced geological and geophysical interpretation, show the continuing expansion of the already extensive Iska Iska high-grade mineralized system, which has a potential strike length of at least 2km,” said Eloro Resources CEO Tom Larsen in the press release. “The new data demonstrate excellent potential to outline a major open pittable deposit in the valley of the Iska Iska caldera. As a result, the estimated completion date for the maiden NI 43-101 mineral resource has been pushed back to the end of Q1 2023 to provide additional time to drill-test this important target. We thank both ALS and AHK laboratories for greatly reducing our backlog of samples over the last several months, enabling us to report the results from a large number of holes in this release.”
To view the full press release, visit https://ibn.fm/aSh5A
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A recent NI 43-101 technical report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the north-central mineral belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150m to 4,400m above sea level. For more information about the company, visit www.EloroResources.com
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