Eloro James Bay AcreageHere is a recent excerpt from the Northern Miner re players in the James Bay exploration camp:
Eloro Resources (ELO-V, ELRRF-O) too has added some new ground on the La Grande and Eastmain
belts of northern Quebec. The three properties carried a price tag of 600,000 shares plus $50,000 in cash;
a 1% net smelter return royalty (NSR) can be halved by paying the vendor $500,000. Another 32.6 sq.
km was staked contiguous to the Eastmain 1 property. Another deal will see Eloro pick up the Delta
property from Carat Exploration (CRZ-V) in return for $30,000. Again, Eloro can halve a 1% NSR
there for $500,000. Grab sampling at Delta yielded up to 6.6% copper and 20 grams silver from a quartzchalcopyrite
vein exposed over 25 metres. The additions bring Eloro's holdings in the region to 225 sq.