Eloro Resources Ltd T.ELO

Alternate Symbol(s): ELRRF

Metals & Mining Industrial Metals & Minerals

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It 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 over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

TSX:ELO - Post by User

Eloro Resources Ltd

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Comment by StevieRay1on Apr 05, 2011 9:50am

195 Views

Post# 18386238

RE: kumark - Bear Lake - Eloro Res.

From the recent financials filed on Sedar.

3. Investment in Bear Lake Gold Ltd. (formerly NFX Gold Inc.)
The Company acquired an investment in Bear Lake Gold Inc. (“Bear Lake”) with an exchange value of $267,500 pursuant to a sale of mining claims. As at March 31, 2007, the Company wrote down its investment by $190,000 to fair value of $77,500. As at December 31, 2010, the fair value of the investment in Bear Lake was $33,125. Two directors of Bear Lake are directors of the Company.

Can we put this to rest now

SRV

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