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.

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Eloro Resources Ltd

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Post by CravingProfitson May 12, 2022 8:24pm

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Post# 34679963

More drilling news....

Eloro Resources Ltd. (ELO) receives additional assay results from six drill holes at its Iska Iska Project in Bolivia
DSBU-05 and DSBU-06 tested the northern extension of a high-grade mineralized zone
Overall, Eloro has completed 52,384 metres in 89 drill holes on the project
Significant gold and silver results were discovered in the major target areas
Eloro Resources Ltd. (ELO) is up 3.47 per cent and is trading at $4.47 per share as of 1:11 p.m. ET

Eloro Resources (ELO) has received additional assay results from six drill holes at its Iska Iska Project in Bolivia.

Holes DSBU-05 and DSBU-06 are underground holes drilled from the Santa Barbara tunnel to test the northern extension of the higher-grade mineralized zone.

Holes DSB-24, DSB-14 and DSB-22 were drilled to test the northwest extension of the Santa Barbara mineralized at 100, 200, and 1,000-metre marks.

Drilling is continuing in the Porco area to test for a potential tin porphyry as suggested by the 3D inverse magnetic model. So far, 4,870 metres throughout five holes have been completed in the Porco target area with assays pending.

Overall, Eloro has completed 52,384 metres in 89 drill holes on the project. Currently, there are three surface drills and one underground drill operating at Iska Iska.

Significant gold and silver assay results from the drill holes were discovered in the major target areas.

Dr. Bill Pearson, Executive Vice President of Exploration for Eloro, commented,

“Further drilling, especially deeper, is in progress to define the full extent of this important high-grade zone… Drilling will also be carried out from the southwest to test the Northwest Extension target as the best mineralization intersected thus far is in the southern part of this target zone.”

In the next few weeks, the company expects to have a core scanner on site. The scanner will better outline and track the mineral and metal zoning at Iska Iska, which remains open in all directions.

Eloro Resources Ltd. (ELO) is up 3.47 per cent and is trading at $4.47 per share as of 1:11 p.m. ET.