Toronto-based exploration and mine development Company
Eloro Resources Ltd. (
TSX-V: ELO,
OTCQX: ELRRF,
Forum) announced this week that it had filed a preliminary short form prospectus where Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter have agreed to purchase, on a bought deal basis, 5,800,000 units at a price of $3.75 (CAD) per Unit for gross proceeds to the Company of $21,750,000 (CAD).
For more details on this prospectus, click
here.
With a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, ELO recently
outlined further diamond drill results from its Iska Iska Silver-Polymetallic Project in Potosi Department, southern Bolivia.
Eloro has completed 22 holes to date, totalling 7,185 metres from both underground (12) and surface drill holes (10).
Underground Drill Holes:
- 67.39 g Ag eq/t over 213.10m including 205.17 g Ag eq/t over 13.04m in Hole DHK-16 drilled at -10 degrees 50m southwest and parallel to Hole DHK-14
- 279.82 g Ag eq/t over 8.57m, 74.21 g Ageq/t over 52.93m and 121.61 g Ag eq/t over 37.85m in Hole DHK-17 drilled at -50 degrees 50m southwest and parallel to Hole DHK-15 (see press release January 26, 2021)
Radial Surface Drill Hole:
- 114.43 g Ag eq/t over 33.25m in Hole DSB-01 drilled at -45 degrees south
FULL DISCLOSURE: Eloro Resources Ltd. is a client of Stockhouse Publishing.