Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 03, 2015 12:13pm
69 Views
Post# 23484198

Adits

Adits

The informal minors are helping our exploration efforts", said Tom Larsen, Eloro's CEO. "Their adits affording us valuable access to the mineralization and the orientation of local rock units.


Adit mining is a little bit different from open pit mining and underground mining, but perhaps closer to underground mining.  Underground mining uses shafts and ramps to gain access to the ore body.  Adit mining is a bit different, as it usually accesses the ore body through the side of a hill or mountain, usually as the same level as the ground.  Something like this:

User image

My guess is that the grab sample ore from the informal miner stockpile oringally came from a high grade vein imbedded within the bedrock within the mountain.  Informal miners do not have the abilities to go deep within the mountain, due to lack of ventilation systems, heavy duty underground equipment/machinery, etc.  Also, informals do not typically drill the deposits.  They identify surface exposes and then go after the near-surface areas.  As such, it is likely that very little of this vein has been mined out by the informals.  It`s just a matter of long and wide the veins are, what type of grades are within the other parts of the veins, and how many veins there are. 
Bullboard Posts