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Eloro Resources Ltd
Symbol ELO
Shares Issued 38,680,110
Close 2006-09-11 C$ 0.45
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Eloro samples up to 35.7 g/t Au at Summit-Gabbre
2006-09-12 11:11 ET - News Release
Mr. Thomas Larsen reports
ELORO OUTLINES POLYMETALLIC ZONES IN JAMES BAY MINE DISTRICT; GRAB SAMPLES UP TO 35.7 G/T GOLD, 14.6% COPPER, 1500 G/T SILVER, 15.4 G/T PLATINUM AND 10.5 G/T PALLADIUM WITH NICKEL, COBALT CREDITS
Eloro Resources Ltd. has identified a series of polymetallic mineralized zones consisting of gold, silver, copper, nickel, cobalt, platinum and palladium on its 100-per-cent-owned Summit-Gabbre property within the La Grande greenstone belt in the James Bay mining district.
Since acquiring the Summit Gabbre property in July, 2005, the company has proceeded with an extensive geological compilation of the area and subsequently outlined several priority targets for field investigation. This ground prospecting and sampling program was carried out during July, 2006.
The work revealed a series of sulphide zones, containing disseminated and semi-massive to massive chalcopyrite-pyrite-pyrrhotite stringers and veins, disseminated pyrite-chalcopyrite (up to 20 per cent), and copper staining (malachite and azurite). At least six major showings have now been identified over a 750-metre-long by 300-metre-wide corridor. Significant 2006 grab sample results for the four main showings include:
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