Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE:
P2QM) (“Eloro”, or the “Company”) is pleased to announce
further assay results from its definition diamond drilling program
in the potential Santa Barbara starter pit area in the Iska Iska
silver-tin polymetallic project in the Potosi Department of
southwestern Bolivia. To date
5145.8m of diamond
drilling have been completed in ten (10) holes. PQ core size has
been used for all holes in this program to obtain larger, more
representative core samples.
Hole DSB-72 is the first hole completed into the
tin domain. Table 1 below lists significant results for this hole
and Figure 1 shows locations of all the definition drill holes
completed to date and in progress. Silver equivalent values (g Ag
eq/t) have been calculated using 3-year average metal prices and
preliminary metallurgical recoveries (see note below Table 1 for
more information). Table 2 lists the coordinates of the drill holes
completed and in progress.
Hole DSB-72, collared 160m
southwest of previously reported drill hole DSB-69 (see Eloro press
release of January 6, 2025) returned a long high grade tin
intersection grading 1.39% Sn over 33m from
339.80m to 372.80m within 0.74% Sn over 87m from
291.8m to 378.8m. The higher grade zone displays cassiterite veins
within well mineralized breccia; individual 1.5m long samples
encompassing veins returned values of 6.65%Sn, 4.97%Sn,
3.50% Sn and 2.75%Sn.
Notably, in the upper part of this hole, higher
grade silver mineralization of 24.48 g Ag/t over
45.0m was intersected from 117.80m to 162.80m.
During the early stages of the reconnaissance
exploration drilling program at Iska Iska, significant wide spaced
tin intersections were reported as summarized in Table 2; the most
notable being 0.43% Sn over 73.29m in hole DSB-06,
1.18% Sn over 11.52m in hole DSB-17, 0.25%
Sn over 82.11m in hole DSB-25 and 1.41% over
21.25m including 3.08% Sn over 9.04m in hole DSB-33 (see
Eloro press releases – April 12, 2021, September 20, 2022 and
October 5, 2022). All of these intersections are now recognized to
be in the intrusion breccia (TIB) unit. Locations of these drill
holes pierce points are shown in Figure 2, a longitudinal section
showing distribution of chargeability. The intrusion breccia has
low chargeability which contrasts considerably with the adjacent
later epithermal Ag-Zn-Pb mineralization which is marked by a
strong chargeability anomaly.
Tin mineralization is hosted in an extensive
intrusion breccia unit (TIB) that is approximately 750m long by
450m wide and extends to a depth of least 700m. Previous wide space
reconnaissance drilling has intersected a number of significant Sn
intersections (see Table 3 below) in this breccia unit which is
very under-drilled. High grade tin mineralization in Hole DSB-72
occurs as visible coarse-grained high temperature cassiterite which
is likely to be amenable to gravity separation. Core from this hole
will be used for additional metallurgical testing.
The intrusive breccia is very likely an offshoot
or apophysis from a large tin porphyry at depth. The likely top of
this tin porphyry is marked by a highly conductive zone that is
interpreted as a likely pyrite-pyrrhotite halo around this
porphyry. Similar pyritic halos have been reported from other major
tin deposits in the Bolivian Tin Belt.
Dr. Osvaldo Arce, P.Geo., Eloro’s Executive Vice
President, Latin America and General Manager of Eloro’s Bolivian
subsidiary, Minera Tupiza S.R.L., said: “Our understanding of the
immense mineralizing system at Iska Iska continues to advance
leading to the very targeted definition drill program which is
producing very good results and continuing to expand resource
potential. Areas with significant tin mineralization occur where
mineralizing fluids were deposited through intrusion breccias and
injection tourmaline breccias in favorable lithologies and
structures forming enriched bodies
with significant resource potential.”
Dr. Arce continued: “Bolivia, since the early
1900s, has been a global tin producer, presently ranked as the
world’s fourth largest tin producer, together with other metals
including silver, zinc, antimony, and lithium. Tin has been
produced for over 100 years. The tin deposits are mainly located in
the Bolivian Tin Belt that extends over 1,000 km in length making
it one of the largest tin metallogenic belts worldwide. In 2019,
this belt accounted for approximately 6% of global tin production,
5% of silver and 1.5% of tungsten (USGS 2020).”
He further commented: “Some of the most
outstanding deposits are named as “Bolivian-type” polymetallic
veins and classified as "giant ”, such as Cerro Rico de Potosí (Ag,
Sn), Llallagua (Sn), Chorolque (Sn), and the Peruvian San Rafael
(Cu-Sn) mine. These deposits are large, mineralized masses as
combinations of veins, veinlets, stockworks, and disseminations.
Llallagua is the largest vein-type tin deposit in Bolivia and one
of the largest in the world, where total production has been
estimated at more than one million tonnes of tin. Chorolque,
located 30km north of Iska Iska contains extensive tin
mineralization grading 0.3-0.5% Sn, hosted mostly in intrusion and
intrusive breccias in rhyodacite intrusion. The San Rafael
underground tin mine in Peru, located in the northern extension of
the Bolivian tin belt, where approximately 12% of the world's tin
is produced, is one of the world's richest hydrothermal tin Iodes.
In these deposits, large-scale, structurally complex,
cassiterite-bearing hydrothermal veins (“tin Iodes)” are commonly
characterized by high grade tin (1-5 % Sn), and most of these
deposits have been reported to contain in excess of 1,000 tonnes
Sn, with some hosting greater than 50,000 tonnes Sn.”
Dr. Bill Pearson, P.Geo., Executive Vice
President, Exploration noted: “The specific mineralized domains at
Iska Iska, i.e. an earlier Sn-Ag porphyry system followed by a
later Ag-Zn-Pb high sulphidation epithermal event, are readily
evident in the chargeability section shown in Figure 2 below. The
recognition of the extensive intrusion breccia unit (TIB) which was
only marginally drilled previously is a major step forward in
focussing further exploration drilling, especially for tin. Our
goal continues to be to upgrade and expand the mineral resource at
Iska Iska to form the basis for the planned PEA. The more we drill,
however, the more we expand this remarkable mineralized system
which has yet to be completely defined in any dimension.”
Table 1: Definition Diamond Drill Results
as of January 23, 2025, Santa Barbara, Iska, Iska
SANTA BARBARA DEFINITION DIAMOND DRILL
RESULTS |
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Zn |
Pb |
Sn |
Ag eq |
g/t |
% |
% |
% |
g/t |
DSB-72 |
38.30 |
65.30 |
27.00 |
6.84 |
0.00 |
0.01 |
0.34 |
73.01 |
|
84.80 |
96.80 |
12.00 |
8.20 |
0.00 |
0.06 |
0.17 |
42.52 |
|
117.80 |
162.80 |
45.00 |
24.48 |
0.02 |
0.04 |
0.12 |
46.12 |
|
192.80 |
194.30 |
1.50 |
33.30 |
0.00 |
0.38 |
1.97 |
422.20 |
|
209.30 |
213.80 |
4.50 |
4.60 |
0.00 |
0.02 |
0.24 |
51.04 |
|
245.30 |
249.80 |
4.50 |
16.70 |
0.00 |
0.32 |
0.20 |
61.56 |
|
291.80 |
378.80 |
87.00 |
2.62 |
0.00 |
0.03 |
0.74 |
147.41 |
Incl. |
339.80 |
372.80 |
33.00 |
3.49 |
0.00 |
0.08 |
1.39 |
275.12 |
|
425.30 |
428.30 |
3.00 |
0.30 |
0.01 |
0.00 |
0.32 |
62.09 |
|
434.30 |
435.80 |
1.50 |
1.40 |
0.01 |
0.01 |
0.59 |
116.64 |
|
606.80 |
622.55 |
15.75 |
3.70 |
0.02 |
0.07 |
0.17 |
39.19 |
|
Note: True width is
approximately 80% of core length. Silver equivalent (Ag eq) grades
are calculated using 3-year average metal prices of Ag =
US$24.14/oz, Zn = US$1.36/lb , Pb = 0.98/lb and Sn =
US$13.74/lb, and preliminary metallurgical recoveries of
Ag = 88%, Zn = 87%, Pb= 80% and Sn = 50%. In
selecting intervals, a cutoff grade of 30 g Ag eq/t has been used.
Lower grade material may be included in intersections where
geological continuity is warranted.
Figure 1: Location Map of Definition
Diamond Drill Holes, Santa Barbara, Iska Iska. The yellow circle
highlights the location of the hole in this release.
Table 2: Summary of Diamond Drill Hole
Coordinates for Drill Holes Reported, Completed and in Progress at
Iska Iska as of January 23, 2025
SUMMARY DIAMOND DRILLING ISKA ISKA |
Hole No. |
Type |
Collar Easting |
Collar Northing |
Elev |
Azimuth |
Angle |
Hole Length (m) |
Santa Barbara Surface Definition Drill Holes Reported and
In Progress |
DSB-68 |
S |
205390.0 |
7656251.0 |
4220.0 |
225° |
-50° |
402.9 |
DSB-69 |
S |
205262.0 |
7656133.0 |
4291.8 |
225° |
-85° |
502.0 |
DSB-70 |
S |
205460.0 |
7656319.0 |
4191.0 |
225° |
-50° |
467.3 |
DSB-71 |
S |
205203.0 |
7656016.0 |
4282.0 |
225° |
-85° |
533.7 |
DSB-72 |
S |
205088.0 |
7656107.0 |
4341.0 |
225° |
-85° |
653.4 |
DSB-73 |
S |
205291.0 |
7656269.0 |
4273.0 |
225° |
-85° |
479.6 |
DSB-74 |
S |
205205.0 |
7656072.0 |
4305.6 |
225° |
-75° |
470.5 |
DSB-75 |
S |
205310.0 |
7656329.0 |
4257.0 |
225° |
-85° |
605.4 |
DSB-76 |
S |
205022.0 |
7656003.0 |
4342.0 |
225° |
-85° |
521.60 |
|
|
|
|
|
|
Subtotal |
4,636.4 |
Southeast Extension Exploration Drilling |
DSE-01 |
S |
206198.0 |
7655779.0 |
4000.0 |
225° |
-65° |
509.4 |
|
|
|
|
|
|
Subtotal |
509.4 |
|
|
|
|
|
|
TOTAL |
5,145.8 |
S = Surface; collar coordinates in metres; azimuth and dip in
degrees. Total drilling since start of the definition drilling
program on October 4, 2024 is 5,073.4m in 10 holes with 1 hole in
progress. Since the start of the drilling at Iska Iska on September
20, 2020, a total of 108,344.3m in 162 drill holes (32 underground
holes and 130 surface holes) have been completed. |
|
Table 3: Summary of Significant Sn Assay
Results in Early Reconnaissance Diamond Drilling, Santa Barbara
area.
SANTA BARBARA TIB DDH RESULTS |
SURFACE DIAMOND DRILLING |
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Zn |
Pb |
Sn |
Ag eq |
g/t |
% |
% |
% |
g/t |
DSB-06 |
402.48 |
475.77 |
73.29 |
5.99 |
0.02 |
0.00 |
0.43 |
89.03 |
DSB-12 |
487.76 |
505.80 |
18.04 |
10.19 |
0.22 |
0.03 |
0.13 |
43.12 |
|
594.44 |
618.51 |
24.07 |
10.18 |
0.05 |
0.01 |
0.10 |
30.66 |
|
717.52 |
738.57 |
21.05 |
7.80 |
0.39 |
0.03 |
0.14 |
47.24 |
DSB-17 |
330.66 |
342.48 |
11.82 |
5.19 |
0.01 |
0.03 |
1.18 |
235.30 |
|
624.82 |
642.96 |
18.14 |
30.61 |
0.02 |
0.01 |
0.13 |
53.23 |
Incl. |
639.95 |
642.96 |
3.01 |
106.47 |
0.03 |
0.01 |
0.47 |
187.43 |
DSB-18 |
401.80 |
435.68 |
33.88 |
3.49 |
0.01 |
0.02 |
0.09 |
22.16 |
DSB-23 |
598.13 |
631.24 |
33.11 |
22.28 |
0.31 |
0.07 |
0.10 |
51.50 |
|
613.50 |
625.19 |
11.69 |
38.19 |
0.12 |
0.07 |
0.19 |
77.18 |
|
655.17 |
676.33 |
21.16 |
13.29 |
0.07 |
0.04 |
0.10 |
34.46 |
Incl. |
668.67 |
676.33 |
7.66 |
22.87 |
0.07 |
0.05 |
0.15 |
52.50 |
DSB-25 |
356.93 |
439.04 |
82.11 |
25.01 |
0.01 |
0.03 |
0.25 |
71.61 |
Incl. |
379.18 |
397.11 |
17.93 |
55.88 |
0.01 |
0.04 |
0.53 |
153.60 |
DSB-27 |
130.56 |
132.10 |
1.54 |
9.00 |
0.86 |
0.54 |
0.80 |
204.18 |
|
515.37 |
516.87 |
1.50 |
12.00 |
1.04 |
0.03 |
0.11 |
67.28 |
DSB-33 |
259.92 |
282.51 |
22.59 |
16.39 |
0.00 |
0.02 |
0.11 |
35.62 |
Incl. |
262.93 |
268.89 |
5.96 |
32.45 |
0.00 |
0.06 |
0.16 |
61.89 |
|
354.98 |
376.23 |
21.25 |
8.86 |
0.00 |
0.01 |
1.41 |
282.74 |
Incl. |
356.56 |
365.60 |
9.04 |
16.16 |
0.00 |
0.02 |
3.08 |
615.47 |
|
673.43 |
682.44 |
9.01 |
15.66 |
0.01 |
0.01 |
0.11 |
36.11 |
DSB-45 |
280.28 |
305.84 |
25.56 |
10.17 |
0.02 |
0.03 |
0.09 |
27.91 |
Incl. |
298.27 |
302.82 |
4.55 |
21.75 |
0.03 |
0.03 |
0.27 |
73.29 |
|
506.84 |
509.86 |
3.02 |
15.00 |
0.20 |
0.05 |
0.27 |
74.44 |
|
578.10 |
592.40 |
14.30 |
15.88 |
0.21 |
0.02 |
0.13 |
46.06 |
Incl. |
584.05 |
589.35 |
5.30 |
19.23 |
0.33 |
0.02 |
0.30 |
86.13 |
|
Note: True width is
approximately 80% of core length. Silver equivalent (Ag eq) grades
are calculated using 3-year average metal prices of Ag =
US$24.14/oz, Zn = US$1.36/lb , Pb = 0.98/lb and Sn =
US$13.74/lb, and preliminary metallurgical recoveries of
Ag = 88%, Zn = 87%, Pb= 80% and Sn = 50%. In
selecting intervals, a cutoff grade of 30 g Ag eq/t has been used.
Lower grade material may be included in intersections where
geological continuity is warranted.
For complete results on the holes listed above,
please refer to Eloro press releases dated April 13, 2021 (DSB-06),
February 23, 2022 (DSB-12), September 20, 2022 (DSB-17, DSB-18,
DSB-23, DSB-25 and DSB-27), October 5, 2022 (DSB-33) and April12,
2023 (DSB-45).
Figure 2: Longitudinal Section Showing
Major High Chargeability Domain (Epithermal Ag-Zn-Pb) and Low
Chargeability Domain (Intrusion Breccia -TIB- Sn-Ag). Location of
Section Line is shown on the plan map in Figure 2.
Qualified Person (“QP”)
Dr. Bill Pearson, P.Geo., Eloro’s Executive Vice
President, Exploration, and a Qualified Person (“QP”) as defined by
National Instrument (“NI”) 43-101 has reviewed and approved the
technical content of this news release. Dr. Pearson who
has more than 50 years of worldwide mining exploration, development
and production experience, including extensive work in South
America, manages the overall technical program, working closely
with Dr. Osvaldo Arce, P.Geo. Executive Vice President, Latin
America for Eloro and General Manager of Eloro’s Bolivian
subsidiary, Minera Tupiza S.R.L., and a QP in the context of NI
43-101, who has supervised all field work carried out at Iska
Iska.
IP/Res surveys were carried out by MES
Geophysics using Eloro’s ELREC-Pro 10 channel IP receiver and GDD
3600 watt IP transmitter. Dr. Chris Hale, P.Geo. and Mr. John
Gilliatt, P.Geo. of Intelligent Exploration provided the survey
design, preparation of the maps and interpretation of data
processed, and quality reviewed by Mr. Rob McKeown, P. Geo. of MES
Geophysics. Messrs. Hale, Gilliatt and McKeown are Qualified
Persons (“QP”) as defined under National Instrument 43-101 (“NI
43-101”).
Eloro utilized both ALS and AHK for drill core
analyses, both of whom are major international accredited
laboratories. Drill samples sent to ALS were prepared in both
ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia and
the preparation facility operated by AHK in Tupiza with pulps sent
to the main ALS Global laboratory in Lima for analysis. Eloro
employs an industry standard QA/QC program with standards, blanks
and duplicates inserted into each batch of samples analyzed with
selected check samples sent to a separate accredited
laboratory.
Drill core samples sent to AHK Laboratories were
prepared in a preparation facility installed and managed by AHK in
Tupiza with pulps sent to the AHK laboratory in Lima, Peru. Check
samples between ALS and AHK are regularly done as a QA/QC check.
AHK is followed the same analytical protocols used as with ALS and
with the same QA/QC protocols.
About Iska Iska
The Iska Iska silver-tin polymetallic project is
a road accessible, royalty-free property, wholly controlled by the
Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km
north of Tupiza city, in the Sud Chichas Province of the Department
of Potosi in southern Bolivia. Eloro has an option to earn a 100%
interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic
porphyry-epithermal complex associated with a Miocene possibly
collapsed/resurgent caldera, emplaced on Ordovician age rocks with
major breccia pipes, dacitic domes and hydrothermal breccias. The
caldera is 1.6km by 1.8km in dimension with a vertical extent of at
least 1km. Mineralization age is similar to Cerro Rico de Potosí
and other major deposits such as San Vicente, Chorolque, Tasna and
Tatasi, all located along the same overall geological trend.
Eloro began underground diamond drilling from
the Huayra Kasa underground workings at Iska Iska on September 13,
2020. On November 18, 2020, Eloro announced the discovery of a
significant breccia pipe with extensive silver polymetallic
mineralization just east of the Huayra Kasa underground workings
and a high-grade gold-bismuth zone in the underground workings. On
November 24, 2020, Eloro announced the discovery of the Santa
Barbara Breccia Pipe (SBBP) approximately 150m southwest of the
Huayra Kasa underground workings.
Subsequently, on January 26, 2021, Eloro
announced significant results from the first drilling at the SBBP
including the discovery hole from 0.0m to 257.5m. Subsequent
drilling has confirmed the presence of significant values of Ag-Sn
polymetallic mineralization in the SBBP and the adjacent Central
Breccia Pipe (CBP). A substantive mineralized envelope which is
open along strike and down-dip extends around both major breccia
pipes. Continuous channel sampling along the walls of the Santa
Barbara Adit located to the east of SBBP returned average grades of
164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu over 166m including
446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.19m. The west end of the
adit intersects the end of the SBBP.
Since the initial discovery hole DHK-15 which
returned 29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu and
0.056%Sn over 257.5m, Eloro has released a number of significant
drill results in the SBBP and the surrounding mineralized envelope
which, along with geophysical data, has defined an extensive target
zone. On October 17, 2023, Eloro filed the NI 43-101 Technical
Report outlining the initial inferred MRE for Iska Iska, prepared
by independent consultants Micon International Limited. The MRE was
reported in two domains, the Polymetallic (Ag-Zn-Pb) Domain which
is primarily in the east and south of the Santa Barbara deposit and
the Tin (Sn-Ag-Pb) Domain which is primarily in the west and
north.
The Polymetallic Domain is estimated to contain
560Mt at 13.8 g Ag/t, 0.73% Zn & 0.28% Pb at an NSR cutoff of
US$9.20 for potential open pit and an NSR cutoff of US$34.40 for
potential underground. The majority of the mineral resource is
contained in the constraining pit which has a stripping ratio of
1:1. The Polymetallic Domain contains a higher-grade mineral
resource at a NSR cutoff of $US25/t of 132 million tonnes at 1.11%
Zn, 0.50% Pb and 24.3 g Ag/t which has a net NSR value of
US$34.40/t which is 3.75 the estimated operating cost of US$9.20/t.
The Tin Domain which is adjacent to the Polymetallic Domain and
does not overlap, is estimated to contain a mineral resource of
110Mt at 0.12% Sn, 14.2 g Ag/t and 0.14% Pb but is very under
drilled.
Results of the definition drill program which
totalled 5,267.7m in 11 holes were reported on December 18, 2023
and January 11, 2024, respectively. Significant results included
279.22 g Ag/t, 0.47% Pb and 0.43% Sn (339.82g Ag eq/t) over 62.84m
and 33.83 g Ag/t, 1.53% Zn, 0.93% Pb and 0.14% Sn (130.88g Ag eq/t)
over 178.99m including 120.37 g Ag/t, 2.13% Zn, 1.57%
Pb and 0.19% Sn in hole DSB-61; 57.62g Ag/t, 1.26% Zn,
0.94% Pb and 0.12% Sn (139.94g Ag eq/t) over 136.11m in hole DSB-66
and 118.86g Ag/t, 0.35% Zn, 0.35% Pb and 0.15% Sn (152.29g Ag eq/t)
over 81.28m in hole DSB-65. This latter intersection in hole DSB-65
included a very high-grade sample of 5,080g Ag/t, 0.12 g Au/t,
0.26% Zn, 1.34% Pb, 1.53% Cu and 1.27% Sn (4,746.46g Ag eq/t) over
1.46m.
Metallurgical tests reported on January 23, 2024
from a 6.3 tonne PQ drill core bulk sample representative of the
higher grade Polymetallic (Ag-Zn-Pb) Domain returned a
significantly higher average silver value of 91 g Ag/t compared to
the weighted average grade of the original twinned holes at 31 g
Ag/t strongly suggesting that the average silver grade is likely
significantly underreported in the original twinned holes due to
the much smaller sample size.
On January 29, 2024, the Company reported that
the new chargeability high outlined southeast of the MRE open pit
by the expanded induced polarization (IP) survey indicates that the
major mineralized structural corridor that is up to 800m wide
extends a further 600m along strike to the southeast for an overall
strike length of at least 2km. This new area has not been
drilled.
The Company reported on July 30, 2024, that
updated modelling of the potential starter pit area at Santa
Barbara zone highlights the importance of completing additional
drilling to better define the grade and extent of the mineral
resource in this area. Areas with higher-grade resource typically
have much better drilling density but holes outside the core
potential pit area are too widely spaced to give an accurate
estimate of grade.
On September 4, 2024, the Company announced the
restart of definition drilling in the potential starter pit area at
Santa Barbara. Previous drilling has shown that areas with
high-grade mineralization typically have much better drilling
density, whereas holes outside the core area are too widely spaced
to give an accurate grade estimate. This increased drilling density
is particularly important for defining the extent of the high-grade
Ag-bearing and Sn-bearing structures, and for categorizing the
mineral resources from inferred to indicated, which have a major
influence on overall grade and resources that will contribute to
the preliminary economic assessment (“PEA”).
An initial program of 5,700m of diamond drilling
in 13 holes in the Santa Barbara starter pit area is now in
progress to better define the vertical and lateral extent of
high-grade Ag mineralization; fill-in gaps that are presently
categorized as low-grade or waste in the resource model but are
very likely mineralized; expand the higher-grade Sn mineralization
to the west; and complete an additional 1,400m in two large size PQ
holes for further metallurgical testing.
Results from the first definition drill hole
DSB-68 were released on November 26, 2024. This hole intersected
66.90g Ag/t, 0.63% Zn, 0.42% Pb and 0.11% Sn (111.14g Ag
eq/t) over 289.13m including higher grade intervals
of:
- 126.10g
Ag/t, 0.55% Zn, 0.60% Pb and 0.09% Sn (160.72g Ag eq/t) over
122.03m,
- 47.61g
Ag/t, 0.22% Zn, 0.40% Pb and 0.45% Sn (146.06g Ag
eq/t) over 16.51m, and
- 25.52g
Ag/t, 2.19% Zn, 0.65% Pb and 0.10% Sn (129.60g Ag
eq/t) over 7.46m
Further drill results were released on January
6, 2025:
- Hole DSB-69
intersected 127.49g Ag/t, 0.50% Zn, 0.16% Pb and 0.31% Sn
(193.00g Ag eq/t) over 41.25m within a broader interval of
49.71g Ag/t, 0.78% Zn, 0.32% Pb and 0.15% Sn (106.97g Ag
eq/t) over 142.50m.
- Hole DSB-70
intersected, 45.71g Ag/t, 3.11% Zn, 1.91% Pb and 0.23% Sn
(232.35g Ag eq/t) over 81.00m within a broader interval of
30.08g Ag/t, 1.63% Zn 0.98% Pb and 0.13% Sn (127.89g Ag
eq/t) over 255.75m
- Hole DSB-71
intersected 53.17 Ag/t, 0.72% Zn, 0.40% Pb and 0.19% Sn
(116.62 g Ag eq/t) over 45.00m within a broader interval
of 29.26 Ag/t, 0.58% Zn, 0.22% Pb and 0.11% Sn (71.46g Ag
eq/t) over 127.50m.
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 100%
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 the Lagunas
Norte Gold Mine and the La Arena Gold Mine.
For further information please contact
either Thomas G. Larsen, Chairman and CEO or Jorge Estepa,
Vice-President at (416) 868-9168.
Information in this news release may contain
forward-looking information. Statements containing forward-looking
information express, as at the date of this news release, the
Company’s plans, estimates, forecasts, projections, expectations,
or beliefs as to future events or results and are believed to be
reasonable based on information currently available to the Company.
There can be no assurance that forward-looking statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Readers
should not place undue reliance on forward-looking information.
Neither the TSX nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release.
Photos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6142e5e0-6273-4320-b1fa-8cd5abc8661d
https://www.globenewswire.com/NewsRoom/AttachmentNg/6814f88f-2e59-4334-8ab0-16c4e775a10e
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