- Eloro (ELO) has intersected 129.65 g/t AgEq over 300.75 m at the Iska Iska Project in Bolivia
- Additional intersections include 121.90 g/t AgEq over 137.4 m, 161.07 g/t AgEq over 13.25 m, and 117.48 g/t AgEq over 16.51 m
- The company intends to outline an initial inferred NI 43-101 mineralization by late fall
- Eloro is a mining company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec
- Eloro Resources (ELO) is up by 15.49 per cent and is currently trading at $4.25 per share
Eloro (ELO) has intersected 129.65 g/t AgEq over 300.75 m at the Iska Iska Project in Bolivia.
The result stems from hole DHK-18, which includes higher-grade intervals of 215.54 g/t AgEq over 72.76 m, 163.35 g/t AgEq over 31.83 m, and 224.48 g/t AgEq over 19.39 m.
The company drilled four holes testing the mineralized envelope of the Santa Barbara Breccia Pipe and the central-southern part of the Central Breccia Pipe. The remaining three holes break down as follows:
Hole DSB-11 intersected 121.90 g/t AgEq (40.27 g/t Ag, 0.10 g/t Au, 0.48 per cent Pb, 0.11 per cent Cu and 0.14 per cent Sn) over 137.4 m, including a higher-grade interval of 173.53 g/t AgEq over 80.54 m.
Hole DCS-01 intersected 87.75 g/t AgEq over 21.67 m, 161.07 g/t AgEq over 13.25 m, 100.60 g/t AgEq over 15.15 m and 117.48 g/t AgEq over 16.51 m.
Hole DCN-03 intersected 48.59 g/t AgEq (16.23 g/t Ag, 0.12 per cent Pb
and 0.064 per cent Sn) over 15.05 m.
Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias.
Eloro has completed 46 diamond drill holes at Iska Iska totalling 22,398.9 m out of a planned 51,000 m in 2021. The company intends to outline an initial inferred NI 43-101 mineralization by late fall. Preliminary metallurgical tests and a downhole-induced polarization/resistivity survey are currently in progress.
Dr. Bill Pearson, Eloro’s Executive Vice President of Exploration, commented,
“We are close to completing first pass drilling over three of our major target areas in the Iska Iska Caldera Complex. Following completion of the downhole IP/Res survey, we will be carrying out additional drilling in the SBBP and its surrounding envelope to define the full extent of mineralization which remains open in all directions.”
Eloro is a mining company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec.
Eloro Resources (ELO) is up by 15.49 per cent and is currently trading at $4.25 per share as of 10:14 am ET.
