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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

Post by WisGuy1on Dec 18, 2023 9:36am
164 Views
Post# 35789569

@Tradeahead. Absolutely stellar infill !!!

@Tradeahead. Absolutely stellar infill !!!
 Absolutely stellar infill !!! -Every one of my expectations, logical conclusions derived from the unassailable drill database has been borne out here exactly as I had expected !! :O)
 
Both lengths and grades are stellar and points clearly to a future increase in the model NSRs, and underline with two extra fat lines and in bold and italics, that it is THE SOFTWARE MODEL itself which had a deficiency due to being supplied with under-sampled inputs and NOT the actual physical geology on site. This is where many have made a mental mistake: Listening more to the models suggestions with under-sampled inputs, than to the excellent drill database which represents a much more accurate and unassailable picture of the physical reality.  
 
Worth noting that these grades are listed only with flow-sheet supported metals, so in a way they are even higher than stated (in comparison to the pre-2023 method of listing all metals, and to the extent the flowsheet supported range of metals would be expanded in the future as is being examined).  
 
Intercepts are long and solid, and the grades top notch -  oftentimes even quite a bit better than expected. I had quite positive expectations derived from the hard data in the drill database, and they are clearly very much surpassed to the upside here.
 
Frankly the naysayers and my detractors must feel pretty ignorant right now, as this was entirely predictable, and indeed turned out: Entirely as predicted. 
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