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Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

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

Bullboard Posts
Post by production05on Mar 02, 2015 3:40pm
78 Views
Post# 23481319

Polymetallic components

Polymetallic componentsAll of the polymetallic samples are very positive, but I find the San Markito sample to be most interesting.  It doesn`t have a lot of gold (less than .9 g/t),  but the 427 g/t silver is a nice core metal.  The .454% copper is equivalent to .78 g/t gold.  The .833% lead is a good by-product as well.  The zinc is low, but a grade of .1644% can provide decent amount of zince if the tonnage is within the deposit is high enough.  I don`t know how to assess arsenic as a commercial product, but I do know that arsenic and antimony are excellent pathfinders for gold.    We should expect to see much more elevated levels of gold in future assay results at San Markito Zone.  The .40911% antimony is very elevated for just a minor by-product.  Let`s see if they find more of it within the deposit and see if the antimony grade increases.  It is low grade right now for a commercial antimony operation, but if recoverable, can be a valuable by-product metal.  A tonne of antimony goes for about $9,000 now, but had reached up to $16,000 (or so).  Most of the deposits are in China.  There are just a very few pure antimony deposits outside of China.  Antimony is used as a fire retardant.    
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